NBFC Stock engaged in the business of providing financial products and services like small finance loans, SME loans, and many more jumped upto 4 percent in the day’s trade following the release of its Q4FY24 business update, with a 100 percent growth in Co-Lending Loan Disbursements.
With a market capitalization of Rs. 7,656 Crores, the shares of Paisalo Digital Limited were trading at Rs. 85.26, up 3.11 percent from its previous day’s close price of Rs. 82.69.
Paisalo Digital Limited has released its year-ended/quarterly business update of Q4FY24, the company’s Assets under management (AUM) grew by 32 percent to ~Rs. 4,622 Crores as of 31 March 2024 as compared to Rs. 3,492 Crores on March 31, 2023.
The Disbursements grew by 38 percent to ~Rs. 3,588 crore as of 31 March 2024 as compared to Rs. 2,599 crore on March 31, 2023. The Co-Lending Loan Disbursements grew by 100 percent from Rs. 564 Crores as of March 31, 2023, to ~Rs. 1,128 Crores as of 31 March 2024
Coming to network expansion the customer franchise stood at 4.29 Million as of 31 March 2024, compared to 1.50 million on 31 March 2023 and the Geographic footprint stood at 2,455 touch points as of 31 March 2024 as compared to 1,052 touch points as of March 31, 2023.
Paisalo Digital Limited is a Non-Banking Financial Company(NBFC) engaged in the business of providing financial products and services like small finance loans, SME loans, income generation loans, and many more.
Its revenue from operations grew by 50 percent from Rs. 122 Crores in Q3FY23 to Rs. 183 Crores in Q3FY24 accompanied by profits of Rs. 28 Crores to Rs. 56 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
