Kreon Finnancial Services Ltd announces performance highlights for Q3FY22

Kreon Finnancial Services Limited is a BSE Listed Company (BSE Code: KREONFIN; Scrip Code: 530139) established in the Year 1994 has announced the financial performance highlights for Q3 FY 2021-22.

Year on Year growth

Value of Loans Disbursed - Disbursements grown by 334.03% in Q3 FY 2021-22 as compared to Q3 FY 2020-21

Revenue Growth - Revenue grown by 392.04% in Q3 FY 2021-22 as compared to Q3 FY 2020-21

No. of Loans Disbursed - Loans disbursed grown by 280.4% in Q3 FY 2021-22 as compared to Q3 FY 2020-21

FY 2021-22 (Q2 - Q3 Comparison)

• During Q3 FY 2021-22 have seen a growth of 58.55% in number of loans disbursed against Q2 FY 2021-22
• Revenue during Q3 FY 2021-22 increased by 55.16% compared to the previous quarterQ2 FY 2021-22
• Value of disbursements during Q3 FY 2021-22 have recorded a growth of 56.91% against previous quarter-Q2 FY 2021-22

HIGHLIGHTS OF DECEMBER-2021

• The number of loan disbursements has increased by 9.78% in the month of December 2021 compared to previous month November 2021
• Value of loans disbursed has increased by 15.69% in the month of December 2021 compared to previous month November 2021
• Revenue growth increased by 12.35% in the month of December 2021compared to previous month November 2021

Updating on the progress of the Company's operations, Jaijash Tatia, Whole Time Director, KFSL said that "We have seen a good progress and improvement on our business growth in the third quarter. As the vicious third wave appears behind us, overall recovery to a new normal will take time. Students repayment scale has significantly improved, and the second half of the year (Oct'21 to Mar'21) will likely see broad-based recovery. Despite the ongoing pandemic, we remain focused on supporting our student fraternity by serving them on time and empowering the student community."

Shares of KREON FINNANCIAL SERVICES LTD. was last trading in BSE at Rs. 92.85 as compared to the previous close of Rs. 88.45. The total number of shares traded during the day was 29617 in over 144 trades.

The stock hit an intraday high of Rs. 92.85 and intraday low of 91.00. The net turnover during the day was Rs. 2749042.00.

Source : Equity Bulls

Keywords

KREONFINNANCIALSERVICES INE302C01018 FinancialPerformance Highlights Q3FY22