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

CNBC-TV18
January 30, 2018 / 17:56 IST
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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.
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.

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.

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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.

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