Synopsis:
Kreon Financial Services Ltd surged 5% after Q2 results: Revenue rose 65% YoY to ₹9.78 Cr, and Net Profit soared 1,181% YoY to ₹2.05 Cr.
The shares of the NBFC Penny stock company, specializing in providing a range of tech-enabled financial services and digital lending solutions, primarily in India, jumped upto 5 percent following their results with a 1,181 percent rise in Profit.
With a market capitalization of 75.83 Crores on Friday, the shares of Kreon Finnancial Services Ltd jumped upto 4.5 percent, reaching a high of Rs. 38.99 compared to its previous close of Rs. 37.32.
What Happened
Kreon Finnancial Services Ltd, engaged in providing a range of tech-enabled financial services and digital lending solutions, primarily in India, has announced its Q2 results as follows:
Its Revenue from operations rose by 65 percent YoY from Rs. 5.91 Crores in Q2FY25 to Rs. 9.78 Crores in Q2FY26, and it declined by 4 percent QoQ from Rs. 10.2 Crores in Q1FY26 to Rs. 9.78 Crores in Q2FY26.
Its Net Profit YoY rose by 1,181 percent from Rs. 0.16 Crores in Q2FY25 to Rs. 2.05 Crores in Q2FY26, and it declined by 46 percent QoQ from Rs. 3.77 Crores in Q1FY26 to Rs. 2.05 Crores in Q2FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 1.01, compared to Rs. 1.86 in the previous quarter.
Company Overview & Others
Kreon Finnancial Services Ltd. is a Chennai-based, RBI-regulated Non-Banking Financial Company (NBFC) that provides retail lending through its digital platform, StuCred. The company, formerly known as Tatia Financial Services Ltd., was founded in 1994 and is listed on the Bombay Stock Exchange.
Its core business is providing instant, short-term loans to college students via the StuCred app, using advanced technology like AI, machine learning, big data analytics, and facial recognition for credit scoring. Kreon also has a traditional lending arm and aims to make credit accessible to underserved communities.
Kreon is strategically expanding its presence across India. Through a robust growth strategy and a customer-centric approach, it has built a diverse and loyal clientele, positioning itself as a trusted provider of accessible and reliable credit solutions.
Written by Sridhar J
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