Niyogin Fintech Limited - Business Update for Q3FY24 and 9MFY24

Niyogin Fintech Limited (BSE: 538772), a publicly listed fintech platform, today announced its performance update for the third quarter and nine months ended December 31, 2023.

The consolidated gross loan book stood at Rs. 159 crores as of Q3 FY2024 as against Rs. 102 crores as of Q3 FY2023, YoY growth of 56% and QoQ growth of 18% from Rs. 135 crores as of Q2 FY2024.



Commenting on the Company's performance, Tashwinder Singh, CEO and Managing Director, Fintech Limited said, "We witnessed a muted performance in the BaaS business as overhang of issues related to UPI transaction processing persisted from last quarter. However, our distribution business, through the NiyoBlu platform, and lending continued to grow strongly.

Shares of Niyogin Fintech Ltd was last trading in BSE at Rs. 95.07 as compared to the previous close of Rs. 93.60. The total number of shares traded during the day was 422143 in over 1480 trades.

The stock hit an intraday high of Rs. 97.99 and intraday low of 91.10. The net turnover during the day was Rs. 40481613.00.

Source : Equity Bulls

Keywords

NiyoginFintech INE480D01010 BusinessUpdated Q3FY24 9MFY24