Equitas Holdings Limited, a diversified financial service provider, announced today the Audited & Consolidated financial performance for the quarter and year ended March 31, 2016.
* Consolidated PAT for the full year grows by 57%
* Strong Operating performance despite NPA recognition period change
* Consolidated AUM as of March 31, 2016 of Rs 6,125 Crores; a growth of 53%
The growth has been led by healthy disbursements in key focus asset products such as microfinance, Used Commercial Vehicle finance [UCV] & Micro enterprise loans. Gross NPA and Net NPA at Consolidated level have shown increase due to migration of NPA recognition from 6 months to 5 months with effect from Q1FY16 for EFL, in line with RBI requirements but has since stabilised .
Q4FY16 Consolidated Results
Total Income increased by 49% at Rs.320.2 Crores for the quarter ended March 31, 2016 as against Rs.215.3 Crores in the corresponding quarter last year. Profit after Tax (PAT) grew by 28% to Rs.46.8 Crores for the quarter ended March 31, 2016 as against Rs.36.5 Crores for the corresponding quarter last year.
FY16 Consolidated Results
Total Income increased by 47% at Rs.1,114.9 Crores for FY16 as against Rs 755.9 Crores for FY15. PAT grew by 57% to Rs.167.1 Crores for FY16 as against Rs.106.6 Crores for FY15.
