Buy Equitas Small Finance Bank, target price Rs 100: Motilal Oswal

Motilal Oswal has buy call on Equitas Small Finance Bank Ltd. with a target price of Rs 100. The current market price of Equitas Small Finance Bank Ltd. is Rs 81.2.
Equitas Small Finance Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 9254.44 Crore).

Equitas Small Finance Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Standalone Total Income of Rs 1709.66 Crore, up 1.46 % from last quarter Total Income of Rs 1685.11 Crore and up 19.95 % from last year same quarter Total Income of Rs 1425.33 Crore. The bank reported net profit after tax of Rs 25.76 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.48 per cent stake in the company as of 30-Jun-2024, while FIIs owned 19.65 per cent, DIIs 45.42 per cent.