Equitas Q4FY24 results:
- Gross Advances increased to 23%
- Deposits increased 43%
- Cost has increased due to higher Interest rate , Hence PAT not increased significantly
- As shown above cost of Fund has consistently increased over the year eating into the profits, If this falls company should start seeing larger profit
FY24Q4 Results not very exciting
High Level Comparsion
Stock is at a decent valuation P/E:14, P/B:2.13 , Holds around 82% secured Loan book
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