PNN
Mumbai (Maharashtra) [India], June 7: Baid Finserv Limited, (BSE - 511724, NSE - BAIDFIN), is well positioned to capitalize on the emerging opportunities in the vehicle and MSME lending vertical today announced its audited financial results for the fourth quarter. has announced. And FY24.
Key Financial Highlights (Standalone)
FY 24:
Total income Rs 66.36 crore
EBITDA of Rs 41.62 crore
EBITDA Margin 62.72%
Net profit of Rs 12.92 crore
Net profit margin 19.47%
EPS Rs 1.08
Highlights for FY24
The company expanded its branch network to 45 with the addition of a new branch at Jabalpur, Sagar in the state of Madhya Pradesh and Deodhar in the state of Gujarat.
Total active customers reached 6,894 in FY24.
Total AUM in FY24 stood at Rs 367.99 crore, up 22.31% from the previous year.
Vehicle loans contributed 19.50% and MSME loans 80.50% of the total AUM in FY2024.The company recommended a final dividend of Rs 0.10 per equity share for FY2014, subject to the approval of shareholders in the Annual General Meeting.
Commenting on the recent update, Mr. Aman Baid, Whole-Time Director, Baid Finserv Limited, said, “We are pleased to report a commendable growth trajectory for the company with significant improvement in EBITDA and EBITDA margins in FY2024 , which underlines our continued operating efficiency and profitability. Our financial results reflect this positive momentum, driven by strategic branch expansion, growth in active customers and strong growth in AUM.
Additionally, we are focused on adopting new technologies and intelligent risk management tools to enhance the efficiency and effectiveness of our operations. These strategic initiatives are designed to promote sustainable growth and value creation for all our stakeholders.As we continue to achieve strong annual growth in AUM, we aim to grow our assets significantly over the next few years. To support this trajectory, we plan to open several new branches in Maharashtra by Q2FY25, in line with our target to operate more than 75 branches across different states by FY2025.
Looking ahead, we are committed to capitalizing on growth opportunities and delivering sustainable value for our stakeholders. To take advantage of these opportunities, we will continue to implement our strategic plans and expand our capabilities in a phased manner, leading to higher growth for the company in the coming years.''
Mumbai (Maharashtra) [India], June 7: Baid Finserv Limited, (BSE - 511724, NSE - BAIDFIN), is well positioned to capitalize on the emerging opportunities in the vehicle and MSME lending vertical today announced its audited financial results for the fourth quarter. has announced. And FY24.
Key Financial Highlights (Standalone)
FY 24:
Total income Rs 66.36 crore
EBITDA of Rs 41.62 crore
EBITDA Margin 62.72%
Net profit of Rs 12.92 crore
Net profit margin 19.47%
EPS Rs 1.08
Highlights for FY24
The company expanded its branch network to 45 with the addition of a new branch at Jabalpur, Sagar in the state of Madhya Pradesh and Deodhar in the state of Gujarat.
Total active customers reached 6,894 in FY24.
Total AUM in FY24 stood at Rs 367.99 crore, up 22.31% from the previous year.
Vehicle loans contributed 19.50% and MSME loans 80.50% of the total AUM in FY2024.The company recommended a final dividend of Rs 0.10 per equity share for FY2014, subject to the approval of shareholders in the Annual General Meeting.
Commenting on the recent update, Mr. Aman Baid, Whole-Time Director, Baid Finserv Limited, said, “We are pleased to report a commendable growth trajectory for the company with significant improvement in EBITDA and EBITDA margins in FY2024 , which underlines our continued operating efficiency and profitability. Our financial results reflect this positive momentum, driven by strategic branch expansion, growth in active customers and strong growth in AUM.
Additionally, we are focused on adopting new technologies and intelligent risk management tools to enhance the efficiency and effectiveness of our operations. These strategic initiatives are designed to promote sustainable growth and value creation for all our stakeholders.As we continue to achieve strong annual growth in AUM, we aim to grow our assets significantly over the next few years. To support this trajectory, we plan to open several new branches in Maharashtra by Q2FY25, in line with our target to operate more than 75 branches across different states by FY2025.
Looking ahead, we are committed to capitalizing on growth opportunities and delivering sustainable value for our stakeholders. To take advantage of these opportunities, we will continue to implement our strategic plans and expand our capabilities in a phased manner, leading to higher growth for the company in the coming years.''
