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Equitas Small Finance Bank (NSE:EQUITASBNK) Tax Rate % : 27.97% (As of Jun. 2024)


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What is Equitas Small Finance Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Equitas Small Finance Bank's Tax Expense for the three months ended in Jun. 2024 was ₹100 Mil. Equitas Small Finance Bank's Pre-Tax Income for the three months ended in Jun. 2024 was ₹358 Mil. Therefore, Equitas Small Finance Bank's Tax Rate % for the quarter that ended in Jun. 2024 was 27.97%.

Equitas Small Finance Bank Tax Rate % Historical Data

The historical data trend for Equitas Small Finance Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Equitas Small Finance Bank Tax Rate % Chart

Equitas Small Finance Bank Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Tax Rate %
Get a 7-Day Free Trial 30.58 24.85 25.75 25.39 24.85

Equitas Small Finance Bank Quarterly Data
Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.14 25.79 26.79 22.58 27.97

Equitas Small Finance Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Equitas Small Finance Bank's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2024 )/Pre-Tax Income (A: Mar. 2024 )
=2641.7/10631.344
=24.85 %

Equitas Small Finance Bank's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=100.035/357.608
=27.97 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Equitas Small Finance Bank Tax Rate % Related Terms

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Equitas Small Finance Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Equitas Small Finance Bank Ltd (NSE:EQUITASBNK) » Definitions » Tax Rate %
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Traded in Other Exchanges
543243:India
Address
No. 769, Mount Road, 4th Floor, Phase II, Spencer Plaza, Anna Salai, Chennai, TN, IND, 600 002
Website
https://www.equitasbank.com
Equitas Small Finance Bank Ltd is a small finance bank. It offers banking products and services to customers. The firm's financial products and services include the provision of small business loans comprising LAPs, housing loans, and agriculture loans to micro-entrepreneurs, microfinance, used and new commercial vehicle loans, Micro and Small Enterprises loans and others. Its segments include Treasury; Corporate / Wholesale Banking; Retail Banking; and Other Banking Business. The company generates a majority of its revenue from the retail banking segment.

Equitas Small Finance Bank Headlines

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