Paisalo Digital Limited reported its consolidated financial results for the quarter ended September 30, 2024, showcasing robust growth in revenue and a modest increase in profit year-over-year (YoY).
Key Financial Highlights
- Total Revenue: The company’s total revenue for Q2 FY25 stood at ₹187.03 crore, a 29.3% increase compared to ₹144.68 crore in the same period last year. This significant growth in revenue is primarily attributed to an increase in interest income.
- Interest Income: Interest income rose to ₹167.53 crore in the current quarter, up from ₹137.64 crore in Q2 FY24, highlighting a steady expansion in the company’s lending operations and financial products.
- Net Profit: Paisalo Digital recorded a net profit of ₹49.92 crore in Q2 FY25, marking a 5.1% YoY increase from ₹47.49 crore in the corresponding period last year. The modest rise in profit indicates stable operational performance despite market challenges.
Stock Performance
Paisalo Digital’s stock showed a positive trend on the National Stock Exchange (NSE) on the day of the results announcement. At 11:18 AM, the stock was trading at ₹46.04, reflecting a 4.95% gain from its previous close of ₹43.87. The stock opened at ₹43.75 and reached an intraday high of ₹46.27, indicating investor optimism around the company’s financial performance.
With steady revenue growth and a healthy increase in interest income, Paisalo Digital continues to strengthen its position in the financial services sector. The modest rise in net profit also underscores the company’s ability to maintain profitability amidst a competitive market environment. As Paisalo looks ahead, these positive results set a strong foundation for future quarters.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to perform their own research or consult with a financial advisor before making any investment decisions.
