Highest ever increase in Customer franchise to 4.29 million in FY24
FinTech BizNews Service
Mumbai, 26 April 2024: A meeting of the Board of Directors of Paisalo Digital Limited (PDL)
was held today to consider and approve the audited standalone and consolidated results for
the quarter and financial year ended 31 March 2024.
Consolidated Financial Performance Highlights
● Customer franchise stood at 4.29 million as of 31 March 2024 as compared to 1.50
million as of 31 March 2023.
● Assets under management (AUM) grew by 31% to ₹ 45,860 million as of 31 March
2024 from ₹ 34,928 million as of 31 March 2023.
● Revenue for FY24 increased by 39% to ₹ 6,587 million from ₹ 4,732 million in FY23.
● Disbursements grew by 38% to ₹ 35,902 million as of 31 March 2024 as compared to
₹ 25,996 million as of March 31 2023.
● Co-Lending Loan Disbursement grew by 100% to approximately ₹ 11,280 million as
of 31 March 2024 as compared to ₹ 5,640 million as of March 31, 2023.
● Profit after tax for FY24 increased by 91% to ₹ 1,790 million from ₹ 936 million in
FY23.
● Gross NPA (GNPA) and Net NPA (NNPA) as of 31 March 2024 stood at 0.21% and
0.02% respectively, as compared to GNPA 0.25% and NNPA 0.02% as of March 31,
2023.
● Capital adequacy ratio as of 31 March 2024 was 35.92%.
● Geographic footprint stood as 2,455 touch points as of 31 March 2024 as compared
to 1,052 touch points as of March 31 2023. The company added 1,403 touchpoints in
FY24.
● The Board of Directors have recommended a dividend of 10% i.e. ₹ 0.10 per equity
share of face value of ₹ 1.00 each for FY24. The dividend recommended by the Board
of Directors is subject to approval of members of the company at ensuing AGM of the
company.
● During FY24 the company has allotted bonus equity shares to the existing
shareholders of the company holding shares at the closing of business hours on the
record date i.e. 20 March 2024 in the ratio 1:1. The bonus shares were allowed trading
by stock exchanges on 28 March 2024.
Paisalo Digital Limited remains focused on sustaining its upward trajectory and strengthening
its market presence through strategic initiatives. With a resolute commitment, the company
persistently delivers ground breaking financial solutions to its clientele nationwide,
highlighting its steadfast investments in technology and product evolution.
