Equitas Holdings shares gain over 5% post Q1 results

Equitas Holdings shares jumped as much as 5.64 per cent on Monday after the financial services provider reported 63.63 per cent rise in consolidated net profit figures at Rs 61.17 crore for the quarter ended June 2016 against Rs 37.39 crore in the same quarter last year. Gross sales of Equitas Holdings jumped 44.05 per cent year-on-year to Rs 334.04 crore against Rs 231.90 crore in the same quarter last year.

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At 12.08 pm, shares of Equitas Holdings were trading 4.02 per cent up at Rs 189.05. The scrip opened at Rs 189.80 and has touched a high and low of Rs 192 and Rs 185.15, respectively, in trade so far. The BSE Sensex was trading 115.41 points up at 27,918.65.

Operating profit of Equitas Holdings jumped 47.91 per cent year-on-year to Rs 222.78 crore during the quarter under review. It had reported operating profit of Rs 150.62 crore in the same quarter last year.

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