May 24, 2018 9:48 PM ET

Consumer Finance

Company Overview of Equitas Holdings Limited

Company Overview

Equitas Holdings Limited, through its subsidiaries, provides various banking services individuals, and micro and small enterprises in India. It offers micro finance, agri loans, used commercial vehicle finance, micro loan against property, housing finance, business loans, gold loans, etc. It also provides term deposits, and current and savings accounts; and distributes insurance and mutual fund products, etc. In addition, the company offers online freight facilitation services under the Wowtruck brand name. Equitas Holdings Limited was founded in 2007 and is based in Chennai, India.

410A, Spencer Plaza

4th Floor

Phase II

No. 769 Anna Salai

Chennai,  600002

India

Founded in 2007

Phone:

91 44 4299 5000

Fax:

91 44 4299 5050

Key Executives for Equitas Holdings Limited

CEO & Executive Director
Age: 59
Total Annual Compensation: 2.7M
CEO of Equitas Small Finance Bank Ltd and MD of Equitas Small Finance Bank Ltd
Age: 54
Total Annual Compensation: 1.4M
Company Secretary & Compliance Officer
Age: 51
Total Annual Compensation: 2.1M
Compensation as of Fiscal Year 2017.

Equitas Holdings Limited Key Developments

Equitas Holdings Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Quarter and Audited Consolidated and Standalone for the Year Ended March 31, 2018

Equitas Holdings Limited reports unaudited consolidated and standalone earnings results for the quarter and audited consolidated and standalone for the year ended March 31, 2018. For the quarter on standalone basis, total revenue was INR 33.6 million against INR 32.97 million a year ago. Profit before exceptional and extraordinary items and tax was INR 19.7 million against INR 25.4 million a year ago. Profit before tax was INR 19.7 million against INR 25.4 million a year ago. Net profit for the year was INR 14.040 million against INR 18.101 million a year ago. Earnings per share on basic and diluted basis were INR 0.04 against INR 0.05 a year ago. For the year on standalone basis, total revenue was INR 135.721 million against INR 123.553 million a year ago. Profit before exceptional and extraordinary items and tax was INR 84.21 million against INR 75.030 million a year ago. Profit before tax was INR 84.21 million against INR 75.030 million a year ago. Net profit for the year was INR 54.344 million against INR 46.82 million a year ago. Earnings per share on basic and diluted basis were INR 0.16 against INR 0.14 a year ago. For the quarter on consolidated basis, total revenue was INR 4,821.8 million against INR 3,987.5 million a year ago. Profit before exceptional and extraordinary items and tax was INR 536.3 million against INR 109.54 million a year ago. Profit before tax was INR 536.3 million against INR 109.54 million a year ago. Net profit for the year was INR 348.9 million against INR 69.1 million a year ago. Earnings per share on diluted basis were INR 1.02 against INR 0.20 a year ago. NII stood at INR 2,480 million, up 12% year over year. Quarterly RoA (annualized) stood at 1.12% against 0.31% in quarter fourth of 2018. For the year on consolidated basis, total revenue was INR 17,874.12 million against INR 15,565.524 million a year ago. Profit before exceptional and extraordinary items and tax was INR 511.641 million against INR 2,626.341 million a year ago. Profit before tax was INR 511.641 million against INR 2,515.61 million a year ago. Net profit for the year was INR 313.53 million against INR 1,593.7 million a year ago. Earnings per share on diluted basis were INR 0.91 against INR 4.69 a year ago. Full year fiscal year 2018 profitability was affected by additional provision, of INR 1,010 million, made during the year to provide for impacted Micro Finance portfolio.

Equitas Holdings Limited, Q4 2018 Earnings Call, Apr 30, 2018

Equitas Holdings Limited, Q4 2018 Earnings Call, Apr 30, 2018

Equitas Holdings Limited to Report Fiscal Year 2018 Results on Apr 27, 2018

Equitas Holdings Limited announced that they will report fiscal year 2018 results on Apr 27, 2018

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