Niyogin Fintech announces Q4FY22, FY2022 results

Niyogin Fintech Limited (BSE: 538772), a publicly listed fintech platform, today announced its results for the Fourth quarter and Full year ended March 31, 2022.

Key Highlights of Q4 FY2022

- Total Consolidated Revenues at INR 312.8 million, up 70.1% YoY
- Debt free and net cash balance sheet. Cash and Equivalents at INR 869.9 million
- Our total partner network at the end of Q4FY22 stood at 612, up by 83.2% YoY
- Our total distribution touch points at the end of Q4FY22 reached 2,46,853 up by 88.9% YoY
- The gross transaction value (GTV) including payouts in Q4FY22 was INR 24,306 million up by 36.8% YoY*
- Wealth Tech AUM grew to INR 21,924 million; up 121.7% YoY

Commenting on the Company's performance, Tashwinder Singh, CEO and Managing Director, Niyogin Fintech Limited said, "FY2022 turned out to be another important year for us as we continued to execute in line with our vision to create a digital platform that serves as a one-stop solution to meet the financial and non-financial needs of MSMEs. I'm pleased to announce that we crossed the milestone of Rs. 100 Crores revenue this fiscal year.

Our partnerships and technology build has set the stage for us to achieve hypergrowth and become a Rs. 500 Crores revenue company by FY2025. We further aim to increase our GTV 10x from the current level in the said 3-year period and deliver profitable set of numbers to our stakeholders."

Shares of Niyogin Fintech Ltd was last trading in BSE at Rs. 50.45 as compared to the previous close of Rs. 54.60. The total number of shares traded during the day was 58408 in over 619 trades.

The stock hit an intraday high of Rs. 60.00 and intraday low of 49.10. The net turnover during the day was Rs. 3034717.00.

*GTV growth for Q4FY21 and Q4FY22 is including retailer pay-outs, in line with industry standards.

Source : Equity Bulls

Keywords

NiyoginFintech INE480D01010 Q4FY22 FY2022 ResultUpdate