Paisalo Digital, a non-deposit taking NBFC announced its June quarter results on July 21 during market hours, reporting a net profit of ₹47 crore, a 13.25% increase from ₹41.5 crore reported in the same period last year.
Total income rose 17.2% YoY to ₹218.71 crore from ₹186.55 crore in Q1FY25, while interest income grew 21.7% YoY to ₹200.88 crore from ₹165.09 crore. However, fee and commission income declined to ₹17.37 crore from ₹20.06 crore a year earlier.
Total expenses increased to ₹155.11 crore from ₹130.75 crore in Q1FY25, mainly due to higher finance costs and impairment charges. Despite this, the company reported a 13.9% YoY rise in profit before tax at ₹63.60 crore, up from ₹55.80 crore.
Earnings per share came in at ₹0.52 compared with the year-ago figure of ₹0.46, according to a Monday filing to the Indian stock exchanges by the non-banking financial company.
In late June, the company entered into a co-lending agreement with the State Bank of India to jointly finance SME loans. The company said the agreement represents an extension of the existing partnership between the two entities, aiming to further strengthen their collaborative platform for inclusive credit delivery across the nation.
The initiative is designed to drive financial inclusion by offering low-cost financial solutions to priority sectors, particularly Small and Medium Enterprises (SMEs), through enhanced financial assistance.
Meanwhile, shareholding data shows no change in the stakes held by SBI Life Insurance and Life Insurance Corporation of India (LIC) during the June quarter. SBI Life held 7.75 lakh shares, while LIC held 6.2 crore shares in the company, as per BSE data. Both institutions have been holding stakes since September 2020, according to the latest available data.
Paisalo Digital Share Price Trend
Paisalo Digital shares have been on a steady decline since December 2024, falling to levels not seen in over two years. In mid-June, the stock touched its lowest point since September 2023.
The stock has ended seven out of the last eight months in the red, losing 41% of its value. It has corrected 61% from its all-time high of ₹99.63, recorded in March 2024. So far in the current calendar year, the stock has declined 38%, its steepest annual fall since 2016.
However, from a long-term perspective, the shares have surged 328% from their 2017 low of ₹7 apiece.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
