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    HomeNewsBusinessEarningsEquitas Holdings Q3 profit seen down 54% due to high provisions

    Equitas Holdings Q3 profit seen down 54% due to high provisions

    Any net interest margin above 9 percent (9.3 percent in Q2FY18) and improvement in gross non-performing assets (from 5.76 percent in Q2) will be positive.

    January 30, 2018 / 17:56 IST
    JSW Holdings | Cash flow from operation in FY18: Rs 66 crore, FY19: Rs 89 crore and in FY20: Rs 103 crore. In the past 3-year, the stock price has risen 40 percent to Rs 2450 on August 25, 2020.
       
       
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      Non-banking finance company Equitas Holdings is expected to report weak set of earnings for October-December quarter due to high provisions.

      Consolidated profit during the quarter is seen falling 54.2 to Rs 20.6 crore compared to Rs 44.9 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.

      Net interest income is expected to increase 7.1 percent to Rs 247.1 crore in Q3, from Rs 230.7 crore in corresponding quarter of last fiscal.

      Key things to watch out for:

      Any net interest margin above 9 percent (9.3 percent in Q2FY18) and improvement in gross non-performing assets (from 5.76 percent in Q2) will be positive.

      first published: Jan 30, 2018 05:56 pm

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