India's Equitas Small Finance Bank drops to 10-mth low after Q1 profit slump

Equitas Small Finance Bank

26/07/2024 09:14

** Shares of Equitas Small Finance Bank  EQUI.NS  down 4.3%
to 85 rupees, lowest since Sept. 25, 2023, after posting Q1
results
    ** A 23% surge in lender's expenses pushed its Q1 net profit
down 86% Y/Y; interest earned up 19%
    ** Stock sees busiest day in a week, with over 6 mln shares
traded
    ** EQUI down 20% YTD,

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))