Equitas Holdings Limited IPO Message Board (Page 5)

Equitas Holdings Ltd has informed BSE that the Company''s subsidiary company, Equitas Finance Limited (EFL) has obtained Certificate of Registration dated May 05, 2016 to act as Corporate Agent (Composite) from Insurance Regulatory and Development Authority of India (IRDA). Also, EFL has entered into corporate agency agreements with ICICI Prudential Life Insurance Company Ltd, Reliance Life Insurance Company Ltd and Apollo Munich Health Insurance Company Limited for soliciting insurance business on behalf of insurers.

Dear septa, eagleye, bulls of India and all,

I feels chances of growth in % terms is better compared to UJJIVAN, in number of branches and AUM as it have received IPO funding more than UJJIVAN and half price than UJJIVAN. so % gain will be more in it.

Experts pls comment.

I am holding 4000 IPO shares.

Very simple decision..... only buy and hold with target -- 200/- no down side see.....

excellent result now valuation very attractive comparison with sks microfin. and other peer

@Egale eye and septa
E quitas earnings are up by 28% in 4th qtr
What is your view ?? & what was expected ??
What could be the price movement. ??

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This is why 2016 IPOs have been a hit with investors: Expert

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Equitas Holdings net jumps 28% to Rs 47 crore in Q4

Press Trust of India | Mumbai May 6, 2016 Last Updated at 21:57 IST

Financial services firm Equitas Holdings, which went public last month, today announced a 28 per cent growth in net profit to Rs 46.8 crore in the three months to March.

Total income rose 49 per cent to Rs 320.2 crore in the fourth quarter from Rs 215.3 crore in the corresponding period last year.

This is the first quarterly earnings the company is reporting since becoming a publicly traded company last month after a successful IPO that mopped up Rs 720 crore.

Its asset grew 53 per cent to Rs 6,125 crore for the full year, driven by healthy disbursements in microfinance, used commercial vehicle finance and micro enterprise loans.

Total income rose 47 per cent to Rs 1,114.9 crore for the full year as against Rs 755.9 crores a year ago, while the net income jumped 57 per cent to Rs 167.1 crore, said Company Managing Director P N Vasudevan in a statement.

Equitas will Zoooom on monday... also monday is good day for laxmi...

I will not sell EQUITAS before 175... i think we should not worry more on day to day price movement.....
ARUP is not completely wrong, market (operators) may test our conviction & patience...

So with these results ... how should the price behave on Monday ?

Now u r confused and that too after excellent results declared and according to street expectations. ...

If it gets down by 4% then I will be the buyer.
It will move up on Ujjiwan''s stellar listing on Tuesday.

Gross NPA increased but Net NPA decreased. means company made provisions more than current year NPA.
PBT/Revenue increased from 21.66% (2014-15) to 23.41%(2015-16). 1.75% YoY change.
YoY PAT increases by 57%
However increase in spread is lower than SKS Micro , 37.01% (PBT/Revenue) from 30.57%(PBT/Revenue), but with the increase in capital base and improvement in credit rating, they would be able to borrow at lesser cost than earlier.

Equitas Holdings Consolidated Net Profit up by 57%
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.

ROE has increased from 11.15% to 13.31% on consolidation basis.

Results better than expected ;)

What is the result of equitas ???

Any idea ???

Result looks good to me ... 50% rev yoy ... 35% net profit yoy ... Experts comment ???

Net Profit 167.14 Crs
.March Qrt 46.77 Crs
Good results.

Equitas
Delivery Marked
(NSE+BSE)

21-Apr      79,657,383
22-Apr      8,038,107
25-Apr      4,469,253
26-Apr      4,811,558
27-Apr      5,798,688
28-Apr      2,590,509
29-Apr      2,551,425
2-May      2,334,190
3-May      3,157,049
4-May      1,031,619
5-May      3,717,380
6-May      3,047,424

Total      121,204,585

Those who buys on any dates may have sold within 2 or 3 days

BULLS OF INDIA & BULL''s Empire

Both of you have been tracking Equitas very closely ...
I therefore request you to kindly share the link for the results when you sight it.
Thanks in advance.

Thanks BULLS OF INDIA Sir.

@ Eagleye welcome...

Back in GREEN :)

Consolidated results not out as yet. Expect 168 Crs as NP

http://www.moneycontrol.com/stocks/reports/equitas-holdings-limited-3395781.html

The profits are okay, but NPA is going +

Other than these 2 things, I can''t understand the statement.

If u have interest in stock market, invest time in researching particular stocks, industry. Track them. Microfinance sector is very hot and growing sector for upcoming years.

masterstroke,

for this, what book do you follow

A nice writeup for those who are keen on Management Quality
http://articles.economictimes.indiatimes.com/2016-04-27/news/72644782_1_equitas-holdings-chemical-factory-mark-zuckerberg

Thanks for this link boldviews. I like this statement:

"What about his management principle? "I don''t work, and I keep almost half the day free," says Vasu. "If you keep working, you stop thinking. I have to think." Any other thinkers in the company?"

Most of us do work and never think. That''s why most of us r not so rich, making others rich. Once we start thinking, we will be rich.

That''s a bold view, but need guts and luck to prove that practically

142 now