Buy Equitas Small Finance Bank, target price Rs 125: Motilal Oswal

Motilal Oswal has buy call on Equitas Small Finance Bank Ltd. with a target price of Rs 125. The current market price of Equitas Small Finance Bank Ltd. is Rs 97.1.

Equitas Small Finance Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 10974.36 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-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 1634.27 Crore, up 6.10 % from last quarter Total Income of Rs 1540.37 Crore and up 34.39 % from last year same quarter Total Income of Rs 1216.03 Crore. The bank reported net profit after tax of Rs 202.00 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.48 per cent stake in the company as of 31-Mar-2024, while FIIs owned 19.5 per cent, DIIs 45.21 per cent.