SSPL WEALTH PVT LTD

Monday 06 May, 2024 12:06 PM

Britannia Inds Q4 PAT drops 4% YoY to Rs 537 cr CRISIL upgrades ratings of Seamec to 'A+' with 'stable' outlook Kotak Mahindra Bank soars PAT rises 18% YoY in Q4 MRPL tumbles as Q4 PAT drops 40% YoY to Rs 1,137 cr; GRM reduces to $11.35/ barrel Volumes soar at Britannia Industries Ltd counter Titan Company slips after Q4 PAT drops 24% QoQ to Rs 786 cr CDSL jumps after Q4 PAT soars to Rs 129 cr; declares dividend of Rs 22/ share Tata Tech slips after Q4 PAT slides to Rs 157 cr Avenue Supermarts Q4 PAT climbs 22% YoY to Rs 563 cr DCM Shriram commissions Caustic Soda capacity at Bharuch Angel One client base climbs 63% YoY in April Healthcare stocks edge higher Banking stocks rise Information Technology shares rise Dr Reddy's Labs launches generic Oracea capsules in US markets

Saravan Stocks

Hot Pursuit

Scrips, which has significant changes during the market hours.

Equitas SFB records 9% YoY growth in Q4 PAT; GNPA rise by Rs 97.32 crore

24-Apr-24 16:34 Hrs IST

While the company?s interest income rose by 25% YoY to Rs 1,445 crore, finance costs increased by 47% YoY to Rs 659 crore in the fourth quarter.

NIM was at 8.17% for Q4 FY24. Cost to Income stood at 62.83% in Q4 FY24 as compared to 62.87% in Q4 FY23.

Operating profit for the period under review was Rs 374.75 crore, down by 3% YoY.

Provisions and contingencies fell by 15% to Rs 106.60 crore in Q4 FY24 from Rs 125.60 crore in Q4 FY23.

Profit before tax in Q4 FY24 stood at Rs 268 crore, down by 3% from Rs 261 crore in Q4 FY23.

Equitas Bank stated that the yield on disbursements improved by 135 bps to 18.74% in Q4 FY24 over previous year. Term deposits grew by 68% YoY in Q4 FY24, supported by 65% YoY growth in retail term deposits.

During Q4 FY24, the bank has securitized/assigned advances worth Rs 584 crore pertaining vehicle finance and housing finance. Total securitized portfolio as on 31 March 2024 stood at Rs 1,732 crore.

The bank?s CD ratio improved to 86.98% in Q4 March 2024 as compared to 103.40% in Q4 March 2023. Return on asset (RoA) and return on equity (RoE) for Q4 FY24 was 1.91% and 14.22%, respectively.

Gross NPAs of the bank amounted to Rs 821.28 crore in Q4 FY24 as against Rs 723.96 crore in Q4 FY23. GNPA ratio of the bank improved by 8 bps YoY to 2.52% in Q4 FY24 as compared to 2.60% in Q4 FY23. NNPA improved by 2 bps YoY to 1.12 % in Q4 FY24 as compared to 1.14% in Q4 FY23.

The small finance bank reported 39% increase in net profit to Rs 799 crore on a 30% rise in total income to Rs 6,285.074 crore in FY24 as compared with FY23.

Equitas Small Finance Bank is one of the largest small finance banks in India.

The scrip declined 3.01% to end at Rs 97.46 on the BSE.

Powered by Capital Market - Live News

Attention Investors :

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.

Attention Investors :

Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.

Attention Investors :

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

Attention Investors :

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Email ID: info@ssplwealth.com Customers grievances : grievances@ssplwealth.com Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com, Mobile No: 7305522205

Hit Count : 32413590

Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified)