Paisalo Digital Ltd. reported its financial results for the quarter ended December 31, 2024, with significant growth in revenue and profitability. The company recorded a net profit of ₹62.43 crore, up 11% year-on-year from ₹56.46 crore in the same quarter last year.
Key Financial Highlights (Q3 FY25):
- Total Revenue: ₹203.75 crore, marking an 11.58% increase compared to ₹182.58 crore in Q3 FY24.
- Net Profit: ₹62.43 crore, up 11% YoY from ₹56.46 crore.
- Profit Before Tax: ₹82.30 crore, a notable rise from ₹76.00 crore last year.
- Total Expenses: ₹121.44 crore, reflecting cost control efforts compared to ₹106.58 crore YoY.
Segment Insights:
- The company witnessed robust growth in its core lending business, with strong contributions from fees and commission income and cost efficiency measures.
- Finance costs: Increased slightly to ₹82.07 crore in Q3 FY25 compared to ₹64.18 crore YoY, indicating higher funding requirements due to expanded operations.
- Net gain on fair value changes: Witnessed a shift to losses of ₹1.05 crore from a gain of ₹0.11 crore YoY.
Nine-Month Performance:
- Revenue: ₹577.33 crore, up from ₹463.45 crore in the nine months ended December 2023.
- Net Profit: ₹153.83 crore compared to ₹142.36 crore in the same period last year.
The management remains optimistic about continued growth, driven by a well-diversified portfolio and increased demand for its lending products.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice.
