Credifin Limited Announces Q2 results for FY 2024-2025

Credifin Limited, (previously PHF Leasing Limited) the Metropolitan Stock Exchange listed (CRED / INE405N01016), NBFC, having its Corporate Office in Delhi-NCR and Headquarters in Jalandhar, Punjab, announced their Quarter 2 and Half Yearly results for FY 2024-25. The Company is registered with Reserve Bank of India since 1998 and operates primarily in the Secured MSME & Electric Vehicle Financing segment.

Some of the key highlights are:

 On a YoY basis:

• Total Revenues in Q2 of 2024-2025 stood at Rs. 1651.61 Lakh, as against Rs. 768.34 Lakh of Q2 of 2022-23 – marking a growth of 115% on YoY basis
• PAT in Q2 of 2024-2025 stood at Rs. 195.67 Lakh, as against Rs. 88.93 Lakh of Q2 of 2022-23 – marking a growth of 120% on YoY basis

On a QoQ basis:

• Total Revenues in Q2 of 2024-2025 stood at Rs. 1651.61 Lakh, as against Rs. 1184.49 Lakh of Q1 of 2022-23 – marking a growth of 39.44% on YoY basis
• PAT in Q2 of 2024-2025 stood at Rs. 195.67 Lakh, as against Rs. 91.91 Lakh of Q2 of 2022-23 – marking a growth of 112.89% on YoY basis

On a Six Month basis (Q1 & Q2):

• Total Revenues in Six Months Ended 30^thSeptember 2024 stood at Rs. 2836.10 Lakh, up from Rs 1397.37 Lakh as on 30^th September 2023, marking an increase of 102.96%
• PAT in Six Months Ended 30^thSeptember 2024 stood at Rs. 287.58 Lakh, up from Rs 154.92 Lakh as on 30^th September 2023, marking an increase of 85.63%

Assets Under Management

• Credifin closed the quarter with Assets Under Management of Rs. 270.04 Crore
• In Q1, AUM was Rs. 244.91 Crore
• In FY 2023-2024, AUM was Rs. 212.28 Crore

Commenting on the results, Shalya Gupta, CEO, Credifin Limited said “We are seeing a healthy uptick in credit growth across geographies. Today we are present in 11 states & UT  and by the year end we should be present in around 14 states and UT. In keeping with our vision of Nation building and pan India presence, we have also rebranded ourselves as “CREDIFIN Ltd.” for which necessary approvals have been obtained. We are confident of maintaining the growth momentum in the foreseeable future”.