KIFS Financial Services announced that the Board of Directors of the Company at its meeting held on 30 May 2023, inter alia, have recommended the final dividend of Rs 1.35 per equity Share (i.e. 13.5%) , subject to the approval of the shareholders.

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Net profit of KIFS Financial Services declined 3.04% to Rs 2.55 crore in the quarter ended March 2023 as against Rs 2.63 crore during the previous quarter ended March 2022. Sales declined 12.18% to Rs 9.30 crore in the quarter ended March 2023 as against Rs 10.59 crore during the previous quarter ended March 2022.

For the full year,net profit rose 4.40% to Rs 6.40 crore in the year ended March 2023 as against Rs 6.13 crore during the previous year ended March 2022. Sales declined 6.08% to Rs 30.72 crore in the year ended March 2023 as against Rs 32.71 crore during the previous year ended March 2022.

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KIFS Financial Services will hold a meeting of the Board of Directors of the Company on 30 May 2023.

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Net profit of KIFS Financial Services declined 25.83% to Rs 0.89 crore in the quarter ended December 2022 as against Rs 1.20 crore during the previous quarter ended December 2021. Sales declined 28.52% to Rs 7.27 crore in the quarter ended December 2022 as against Rs 10.17 crore during the previous quarter ended December 2021.

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