Paisalo Digital Announces Q3 FY25 Financial Results: Steady Growth And Expansion

Paisalo Digital Announces Q3 FY25 Financial Results: Steady Growth And Expansion

Paisalo Digital Limited’s share prices edged up on Wednesday as well as on Tuesday, gaining roughly 3% to close at Rs 45.28. The stock has a 52-week high of Rs 99.62, 40.25 being the low.

Paisalo Digital is scheduled to have its quarterly meeting on February 4, 2025, which will include decisions about shares that eligible employees can redeem.

The business recorded net sales of Rs 193.76 crore for the December 2024 quarter, rising 13.14% from Rs 171.25 crore for the December 2023 quarter. Its net profit climbed 10.61% from Rs. 56.11 crore in the December 2023 quarter to Rs. 62.07 crore in the December 2024 quarter. EBITDA jumped 20.6% from Rs. 133.13 crore in Q3FY24 to Rs. 160.55 crore in Q3FY25.

Recently, the Board of Paisalo Digital has taken steps to address the changes in the ongoing preferential issue with the company. The Board undertook considerable due diligence in regard to the proposed allottees and thereafter decided to revise the allottee list and lower the issue amount to Rs 1,96,63,89,200. This change prompted a corrigendum to the Notice of the Extraordinary General Meeting (EGM) which is set for January 22, 2025. The newly issued notice is in accordance with SEBI’s Listing Obligations and Disclosure Requirements which demonstrates the company’s commitment to self-regulation.

Non-promoter public companies that form part of the revised allottee list confirm that Paisalo Digital’s has positioned itself to the market in a way that will enable the company to achieve a widened base of clientele. Major investors are Elysian Wealth Fund, Hello Money Advisors LLP, M7 Global Fund PCC – Cell Dewcap Fund, Nova Global Opportunities Fund PCC – Touchstone, Unico Global Opportunities Fund Limited, Citrine Fund Limited, Kingsman Wealth Fund PCC KIF II and Abhilash Growth Fund Pvt Limited. These additions’ strategies underscore that the company would like to have sustained funding in order to enhance growth possibilities of the company which helps in boosting stability.

According to reports, institutional interest in the company has remained consistent. As of September 2024, SBI Life Insurance Company Ltd has a 9.87% stake in the company and Life Insurance Corporation of India has a 1.35% stake.

Paisalo Digital Limited, an NBFC registered with the Reserve Bank of India does not accept deposits. Using its unique business correspondent model combined with sophisticated technology and strong links with established banks such as SBI and Bank of India, the company has been able to increase financial inclusion in rural and semi-urban areas of India. Paisalo’s operational excellence and customer-centric approach is why the company has more than facilitated transactions worth Rs 3,400 crore in two years.

Through sustained growth, strategic fundraising, and a clear focus on regulatory compliance, as with most other companies in India’s NBFC sector, Paisalo Digital stands as a key player in the industry, driving financial empowerment and inclusion.

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Original news source Credit: www.goodreturns.in

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