BankingPre-market
Equitas Small Finance Bank reports 85% profit growth in Q2
pre-market1 source ↓written by the desknot a recommendation
- year-on-year for Q2
- 85.4% increase
- to ₹39
- 8.6%
- in disbursements sequentially
- 53% increase
Equitas Small Finance Bank reported a net profit of ₹24 crore, marking an 85.4% increase year-on-year for Q2. However, net interest income dipped 3.6% to ₹773.6 crore. Gross advances rose 8.6% to ₹39,145 crore, driven by a 53% increase in disbursements sequentially. This performance may enhance investor sentiment.
Not investment advice. For informational purposes only.