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InFocus Finance

Credifin Reports Q3 Growth, Plans Expansion in Loan Against Property

Mr. Shalya Gupta, CEO, Credifin Limited said “Our revenues year on year have shown a healthy growth. Q3 also witnessed us crossing a major milestone of Rs.300 crores in AUM and we are confident of maintaining the growth going forward.

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SMEStreet Edit Desk
07 Feb 2025 15:25 IST

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Mr. Shalya Gupta, CEO, Credifin Limited

Mr. Shalya Gupta, CEO, Credifin Limited

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Credifin Limited, (previously PHF Leasing Limited) the Metropolitan Stock Exchange listed, NBFC, having its Corporate Office in Delhi-NCR and Headquarters in Jalandhar, Punjab, announced their Quarter 3 and Nine Month results for FY 2024-25. The Company is registered with Reserve Bank of India since 1998 and operates primarily in the Secured MSME & Electric Vehicle Financing segment. 

Some of the key highlights are:

On a YoY basis:

  • Total Revenues in Q3 of 2024-2025 stood at Rs. 1539.22 Lakh, as against Rs. 978.15 Lakh of Q3 of 2023-24 

  • PAT in in Q3 of 2024-2025 stood at Rs. 58.88 Lakh, as against Rs. 141.38 Lakh of Q3 of 2023-24 

On a QoQ basis:

  • Total Revenues in Q3 of 2024-2025 stood at Rs. 1539.22 Lakh, as against Rs. 1651.61 Lakh of Q2 of 2024-25 

  • PAT in in Q3 of 2024-2025 stood at Rs. 58.88 Lakh, as against Rs. 195.67 Lakh of Q2 of 2024-25 

On a Nine Month basis (Q1, Q2 & Q3):

  • Total Revenues in Nine Months Ended 31st December 2024 stood at Rs. 4375.32 Lakh, up from Rs 2375.52 Lakh as on 31st December 2023, marking an increase of 84.18% 

  • PAT in Nine Months Ended 31st December 2024 stood at Rs. 346.46 Lakh, up from Rs 296.30 Lakh as on 31st December 2023, marking an increase of 16.92% 

Assets Under Management

  • Credifin closed the quarter with Assets Under Management of Rs. 312.01 Crore

  • In Q2, AUM was Rs. 270.04 Crore

  • In Q1, AUM was Rs. 244.91 Crore

  • In FY 2023-2024, AUM was Rs. 212.28 Crore

(Rupees in Lakhs except EPS)

                      Quarter ended

-

Nine Month Ended

Dec 31, 2024

Sept 30, 2024

Dec 31, 2023

Dec 31, 2024

Dec 31, 2023

Total Income

1539.22

1651.61

978.15

4375.32

2375.52

PBT 

95.11

            258.91 

              117.45 

442.19

251.77

PAT

58.88

195.67

141.38

346.46

296.30

EPS Basic

0.47

                1.58 

                  1.14 

                    2.80

                  2.39 

EPS Diluted

0.31

                1.03 

                  1.14

                  1.82 

                  2.39 

Commenting on the results, Mr. Shalya Gupta, CEO, Credifin Limited said “Our revenues year on year have shown a healthy growth. Q3 also witnessed us crossing a major milestone of Rs.300 crores in AUM and we are confident of maintaining the growth going forward. In addition to EV loans, we opened up our Loan Against Property (LAP) portfolio across the country and we are hopeful of a serious uptick in this business which should be visible in the next year”.

Loan Against Property Credifin
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