Niyogin Fintech Ltd Share Price – BSE

Finance, Small Cap

Net Loss of Niyogin Fintech reported to Rs 2.12 crore in the quarter ended March 2024 as against net loss of Rs 2.50 crore during the previous quarter ended March 2023. Sales rose 48.77% to Rs 50.18 crore in the quarter ended March 2024 as against Rs 33.73 crore during the previous quarter ended March 2023.

For the full year,net loss reported to Rs 16.79 crore in the year ended March 2024 as against net loss of Rs 17.66 crore during the previous year ended March 2023. Sales rose 80.15% to Rs 195.77 crore in the year ended March 2024 as against Rs 108.67 crore during the previous year ended March 2023.

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Niyogin Fintech will hold a meeting of the Board of Directors of the Company on 14 May 2024

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The GTV is lower by 2% as compared with the figure of Rs 11,258.8 crore posted in Q3 FY24.

The number of transactions handled by the company in Q4 FY24 added up to 3 crore, up 1.4% YoY but down 28% QoQ.

Niyogin’s AUM as on 31 March 2024 stood at Rs 179 crore, up 95% YoY and up 13% QoQ.

The company’s GTV for FY2024 was Rs 43,748.5 crore, up by 192% from Rs 14,994.3 crore recorded in FY2023. Number of transactions handled in FY2024 were 14.8 crore as against 3.8 crore in FY2023.

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 (or chartered accountants).

The company had reported a net loss of Rs 3.12 crore in the quarter ended December 2023 as against net loss of Rs 5.38 crore during the previous quarter ended December 2022. Sales rose 115% to Rs 53.60 crore in Q3 FY24 as against Rs 24.93 crore in Q3 FY23.

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Net Loss of Niyogin Fintech reported to Rs 3.12 crore in the quarter ended December 2023 as against net loss of Rs 5.38 crore during the previous quarter ended December 2022. Sales rose 115.00% to Rs 53.60 crore in the quarter ended December 2023 as against Rs 24.93 crore during the previous quarter ended December 2022.

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