10-04-2024 11:40 AM | Source: Accord Fintech
Paisalo Digital surges on reporting 32% rise in AUM during Q4FY24

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Paisalo Digital is currently trading at Rs. 85.31, up by 2.62 points or 3.17% from its previous closing of Rs. 82.69 on the BSE.

The scrip opened at Rs. 86.49 and has touched a high and low of Rs. 86.82 and Rs. 84.15 respectively. So far 109491 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.63 on 01-Mar-2024 and a 52 week low of Rs. 21.01 on 11-Jul-2023.

Last one week high and low of the scrip stood at Rs. 86.82 and Rs. 64.49 respectively. The current market cap of the company is Rs. 7723.18 crore.

The promoters holding in the company stood at 48.86%, while Institutions and Non-Institutions held 29.81% and 21.34% respectively.

Paisalo Digital has reported 32% increase in Assets under management (AUM) to around Rs 4,622 crore in Q4FY24 as compared to Rs 3,492 crore in Q4FY23. Its disbursements grew by 38% to around Rs 3,588 crore in Q4FY24 as compared to Rs 2,599 crore in Q4FY23.

The company’s co-lending loan disbursement grew by 100% to around Rs 1,128 crore in Q4FY24 as compared to Rs 564 crore in Q4FY23. Its customer franchise in march quarter of FY24 stood at 4.29 million as compared to 1.50 million in Q4FY23. 

Its geographic footprint stood as 2,455 touch points in march quarter of FY24 as compared to 1,052 touch points in Q4FY23.

Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.