CSL Finance Ltd - Business Update for Q1 FY2024-25

CSL Finance Limited has announced the business update for quarter ended 30th June 2024:

- The Company has built an AUM of INR 1,130 cr (including DA of INR 61 cr), delivering a YoY growth of 51% and QoQ growth of 10%.

- Company raised fresh debt of INR 136.50 cr during the quarter from banks and financial institutions

- New lenders on-boarded during the quarter include South Indian Bank, Canara Bank & Bank of Maharashtra. Lending partners have further increased to 26, compared to 23 as of FY24.

- New loans disbursed during the quarter were INR 250 cr and collections stood at INR 155 cr

- The Company maintains a strong Liquidity surplus with approximately INR 43 cr as at quarter ended June'24

- The Company is maintaining a well-capitalized capital adequacy ratio (CAR) of approximately 47% for quarter ended Jun'24

The above information with reference to June'24 is provisional and subject to limited review by the statutory auditors of the Company.

Shares of CSL Finance Ltd was last trading in BSE at Rs. 471.55 as compared to the previous close of Rs. 452.40. The total number of shares traded during the day was 2730 in over 619 trades.

The stock hit an intraday high of Rs. 479.45 and intraday low of 443.70. The net turnover during the day was Rs. 1267019.00.

Source : Equity Bulls

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CSLFinance INE718F01018 BusinessUpdates Q1FY2025