Niyogin Fintech Ltd Share Price – BSE

Finance, Small Cap

Net Loss of Niyogin Fintech reported to Rs 6.76 crore in the quarter ended September 2023 as against net loss of Rs 5.62 crore during the previous quarter ended September 2022. Sales rose 86.65% to Rs 47.13 crore in the quarter ended September 2023 as against Rs 25.25 crore during the previous quarter ended September 2022.

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Net Loss of Niyogin Fintech reported to Rs 3.57 crore in the quarter ended September 2023 as against net loss of Rs 1.17 crore during the previous quarter ended September 2022. Sales rose 34.72% to Rs 8.73 crore in the quarter ended September 2023 as against Rs 6.48 crore during the previous quarter ended September 2022.

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Niyogin Fintech will hold a meeting of the Board of Directors of the Company on 9 November 2023.

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On a sequential basis, Niyogin Fintech's loan is higher by 15% as compared with Rs 117.5 crore in Q1 FY24.

Number of transactions aggregated to 4.2 crore (up 446% YoY and up 25% YoY) and gross transaction value added up to Rs 11,562.7 crore (up 293% YoY and up 17% YoY).

Tashwinder Singh, CEO and managing director, Niyogin Fintech, said, “We expect the growth momentum to continue on the back of our marquee partnerships, scale up of gross transaction value and expansion of our lending business.”

Niyogin Fintech caters to India's underserved MSMEs and is a B2B company that operates on a tech centric platform-based model, wherein it delivers 'banking as a service' or BaaS platforms and credit in both rural and urban India through a partnership-led strategy. Niyogin ties up with business correspondents, banks and neobanks/fintechs to offer BaaS platforms, while it provides credit and other financial services through its financial professional network.

The company had reported a net loss of Rs 4.79 crore in the quarter ended June 2023 as against net loss of Rs 4.16 crore during the previous quarter ended June 2022. Revenue rose 81.25% to Rs 44.86 crore in Q1 FY24 as compared with Q1 FY23.

The scrip fell 1.65% to currently trade at Rs 69 on the BSE.

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