Finance company Paisalo Digital announced Q4FY25 results Highest ever AUM as at Q4FY25 was up 14.10% at Rs 52,328 million as against Q4FY24 at Rs 45,860 million. The company successfully issued its First Foreign Currency Convertible Bonds (FCCBs) amount to USD 50million approximately Rs 4,230 million) in FY25, and USD 2 million has been converted into share capital. In Q4, the company added a highest ever 1.52 million customers to its franchise. In FY25, the company has added highest ever record 5.16 million customers to its customer franchise. Total Customer franchise stood at 9.45 million as of Q4FY25 as compared to 4.29 million as of Q4FY24. Total geographic footprint as at FY25 stood at to 3,565 touchpoints across 22 states as compared to 2,455 touchpoints. In Q4, the company added 27 new touch points. As at FY25 the touchpoints split is 351 Branches, 1900 Distribution Points and 1314 CSPs. The company continues to protect its margin profile, Interest Income for Q4FY25 was up 17% at Rs 7,711 million as against Rs 6,587 million in Q4FY24. The company has posted 11.26% increase in PBT and 11.82% increase in PAT YoY. The Board of Directors have recommended a dividend of 10% i.e Re. 0.10 per equity share of face value of Re. 1.00 each for FY25. The dividend recommended by the Board of Directors is subject to approval of members of the company at ensuing AGM of the company. GNPA and NNPA stood at 0.99% and 0.76% as at Q4FY25 compared to 0.21% and 0.02% as at Q4FY24. The company is continuing to augment its debt management infrastructure as a mitigation measure. The company is proactively pruning as required. Paisalo has written off bad debts totaling to Rs 508 million and has recovered old written off bad debts worth Rs 366 million as at Q4FY25. Employee head count stood at 3,178 as at Q4FY25. The company added 769 employees in FY25. The company continues to optimize its operating expenses and improve productivity. Business transformation has entered Phase 3 and AI transformation is progressing well. The Tangible Networth is Rs 15,257 million versus Bank Borrowings (secured) Rs 22,982 million, i.e., 1.51 times. In Q4FY25, the company delivered annualized RoE of 12.96% as against 13.4% in Q4FY24. In Q4FY25, the company delivered annualized RoA of 3.89% as against 4.53% in Q4FY24. Capital Adequacy Ratio remained strong at 39.1. Result PDF
Finance company Paisalo Digital announced Q3FY25 results Highest ever AUM as at Q3FY25 was up 12.31% at Rs 47,488 million as against Q3FY24 at Rs 42,280 million. The company successfully issued its First Foreign Currency Convertible Bonds (FCCBs) amount to USD 50 million (approximately Rs 4,230 million). In Q3, the company added a record 1.41 million customers to its franchise. In the first 9 months, the company has added 4.46 million customers to its customer franchise. Total Customer franchise stood at 7.93 million as of Q3FY25 as compared to 3.47 million as of Q3FY24. Total geographic footprint stood at to 3,538 touchpoints across 22 states. In Q3, the company added 263 new touch points. The company continues to protect its margin profile, Interest Income for Q3FY25 was up 25% at Rs 5,773 million as against Rs 4,635 million in Q3FY24. The company has posted 7.13% increase in PBT and 8.06% increase in PAT YoY. GNPA and NNPA stood at 1.10% and 0.84% as at Q3FY25 compared to 0.23% and 0.02% as at Q3FY24. The company is continuing to augment its debt management infrastructure as a mitigation measure. We should start to normalize by Q4FY25. The company is proactively pruning as required. Paisalo has written off bad debts totaling to Rs 384 million and has recovered old written off bad debts worth Rs 268 million as at Q3FY25. Employees head count stood at 2,998 as at Q3FY25. The company continues to optimize its operating expenses and implement AI capabilities to improve productivity. The Tangible Networth is Rs 14,638 million versus Bank Borrowings (secured) Rs 18,273 million , i.e., 1.25 times. In Q3FY25, the company delivered annualized RoE of 13.91% as against 14.53% in Q3FY24. In Q3FY25, the company delivered annualized RoA of 4.49% as against 5.16% in Q3FY24. Capital Adequacy remained strong at 42.26% at Q3FY25. Credit Rating of the company is IVR AA/Stable Outlook (IVR Double A with Stable Outlook) and IVR A1+ (IVR A One Plus) for Commercial Paper. Result PDF
Finance company Paisalo Digital announced Q4FY24 & FY24 results: Financial Highlights: Consolidated Profit after tax of Rs 1,790 million in FY24 Consolidated Assets Under Management of Rs 45,860 million as of 31 March 2024 Highest ever increase in Customer franchise to 4.29 million in FY24 NNPA at 0.02% Customer franchise stood at 4.29 million as of 31 March 2024 as compared to 1.50 million as of 31 March 2023. Assets under management (AUM) grew by 31% to Rs 45,860 million as of 31 March 2024 from Rs 34,928 million as of 31 March 2023. Revenue for FY24 increased by 39% to Rs 6,587 million from Rs 4,732 million in FY23. Disbursements grew by 38% to Rs 35,902 million as of 31 March 2024 as compared to Rs 25,996 million as of March 31, 2023. Co-Lending Loan Disbursement grew by 100% to approximately Rs 11,280 million as of 31 March 2024 as compared to Rs 5,640 million as of March 31, 2023. Profit after tax for FY24 increased by 91% to Rs 1,790 million from Rs 936 million in FY23. Gross NPA (GNPA) and Net NPA (NNPA) as of 31 March 2024 stood at 0.21% and 0.02% respectively, as compared to GNPA 0.25% and NNPA 0.02% as of March 31, 2023. Capital adequacy ratio as of 31 March 2024 was 35.92%. Result PDF
Banking and Finance company Paisalo Digital announced Q1FY24 results: Revenue of Rs 1,362 million, down 21% YoY PAT of Rs 384 million, down 84% YoY Highest ever AUM of Rs 36,444 million. AUM as of Q1FY24 was up 34.11% at Rs 36,444 million as against Q1FY23 at Rs 27,174 million. Total geographic footprint stood at 1377 touchpoints across 18 states, in Q1FY24. In this quarter, the company added 325 new touchpoints. The company continues to protect its margin profile, Interest Income for Q1FY24 was up 20.96% at Rs 1,362 million as against Rs 1,126 million in Q1FY23. The company has posted an 81.14% increase in PBT and an 84.02% increase in PAT YoY. GNPA and NNPA stood at 0.28% and 0.04% in Q1FY24 compared to 0.81% and 0.39% in Q1FY23. The Company expects its GNPA and NNPA to stay within the Long-Term outlook of below 2%. Paisalo has written off bad debts totaling Rs 13 million and has recovered old written-off bad debts worth Rs 108 million in Q1FY24. This has the impact of Rs 95 million positive on the bottom line. The Tangible Networth is Rs 11,954 million versus Bank Borrowings (secured) Rs 12,890 million, i.e., 1.08 times Capital Adequacy remained very strong at 40.41% in Q1FY24. Credit Rating of the company IVR AA-/Stable Outlook (IVR Double A minus with Stable Outlook) and IVR A1+ (IVR A One Plus) Assigned for Commercial Paper. RoE at 12.65% and RoA at 4.88% in Q1FY24. Total employee headcount stood at 1854 The Board of Directors proposed a Dividend of 10% on fully paid equity shares of Re 1/- each, for FY23 Result PDF
Finance firm Paisalo Digital announced Q1FY23 Result : Rs 27,174 mn AUM YoY Growth ~ 17% Rs 1,126 mn Revenue YoY Growth ~ 22% Rs 10,453 mn Networth YoY Growth ~ 19% Highest ever AUM of Rs 27,173 Mn. AUM as at Q1 FY 2023 was up 17.07% at Rs 27,173 mn as against Q1 FY 2022 at Rs 23,211 mn. Total geographic footprint stood at to 174 branches and 2125 postal codes, in the quarter. In Q1, the company added 44 new locations. The company continues to invest in teams and technology for business transformation. Given the deep investments being committed we are on track in Business Transformation (geo-expansion and technology) for reaching 3000 disbursements per day, next update on the same will be provided in Q2 FY 2023. The company signed Co-Lending with Bank of Baroda in Q4 FY 2022, the same has been rolled at certain branches in Q1 FY 2023. The company continues to protect its margin profile, Interest Income for Q1 FY 2023 was up 22.79% at Rs 1,126 mn as against Rs 917 mn in Q1 FY 2022. The company has posted 25% increase in PBT and 23% increase in PAT YoY. GNPA and NNPA stood at 0.81% and 0.39% as at Q1 FY 2023 compared to 1.56% and 1.26% as at Q4 FY 2022. The Company expects its GNPA and NNPA to stay within the Long-Term outlook of below 2%. On 15 February 2022, RBI allowed deferment till 30 September 2022 of its earlier circular dated 12 November 2021 pertaining to upgradation of NPA accounts only on receipt of entire overdue of the customer. We are complying with RBI Circular dated 12 November 2021 as at Q3 FY 2022. However, we have not received any deferment request from borrowers. The company has seen strong improvement in debt management efficiencies, as Paisalo has not done any top-up loans since First Wave of COVID-19, this has helped in managing asset quality across the loan book. The Board of Directors recommended a Dividend of 10% of per fully paid equity share of Rs. 10/- each, for FY 2022 Paisalo has written off bad debts totaling to INR 135 mn and has recovered old written off bad debts worth INR 57 mn in Q1 FY 2023. The Tangible Networth is INR 10,453 mn versus Bank Borrowings (secured) INR 9,416 mn , i.e. 0.90 times. Capital Adequacy remained very strong at 43.53% at Q1 FY 2023. RoE at 7.90% and RoA at 3.23%. Total employee head count stood at 1471 The company has been granted KUA/AUA permission. Gazette notification for the same has been received. A good quarter for the company, across the board improvement in all metrics. Result PDF