The shares of this Non-Banking Financial Company gained up to 18 percent after the company’s net profit and revenue increased by 100 percent and 50 percent respectively in the third quarter.
With a market capitalization of Rs 5,760.95 crore, the shares of Paisalo Digital Ltd were trading at Rs 128.30 per share, increasing around 9 percent as compared to the previous closing price of Rs 117.84 apiece.
Looking into the company’s Performance, Paisalo Digital Ltd’s revenue increased by 26 percent on a quarter-on-quarter basis from Rs.145 crores in Q2FY24 to Rs. 183 crores in Q3 FY24. Further, revenue increased by 50 percent year on year from Rs. 122 crore in Q3FY23 to Rs. 183 crore in Q3FY24.
Paisalo Digital Ltd’s net profit increased by 19 percent on a quarter-on-quarter basis from Rs.47 crore in Q2FY24 to Rs. 56 crore in Q3FY24. Further, net profit increased by 100 percent yearly from Rs 28 crore in Q3FY23 to Rs.56 crore in Q3FY24.
The stock gave a 102.90 percent return in six months and a 73.08 percent return so far this year. If an investor invests Rs 1 lakh in the company would be worth Rs 2.02 lakhs in a year.
Paisalo Digital’s recent shareholding pattern, The Promoters of the company own 48.86 percent while Retail shareholders own a 21.33 percent stake in the company and Foreign Institutional Investors own a 15.66 percent stake.
Paisalo Digital Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 8.92 percent and a return on capital employed (ROCE) of 11.4 percent.
Paisalo Digital Limited is a non-bank financial firm. The company specializes in offering financial goods to self-help groups and women from underprivileged backgrounds. The company’s segments include the Small Finance Division and the Corporate Loan Division.
Written by:- Abhishek Singh
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