Latest news with #CredilaFinancialServices
Time of India
9 hours ago
- Business
- Time of India
Credila Financial Services files for $584 million IPO
Credila Financial Services on Thursday filed for an initial public offering worth 50 billion rupees ($583.76 million), a draft prospectus showed. The company's IPO consists of a fresh issue of shares worth 30 billion rupees, while existing shareholders HDFC Bank and Kopvoorn B.V. will sell shares worth 20 billion rupees. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Proceeds from the offering will be used to boost the firm's capital base. The offering comes as foreign investors return to Indian stocks after a major exodus, attracted by big-ticket block trades, which often precede a recovery in IPOs. Six IPOs are open for bids this week, including HDB Financial's $1.5 billion offering, the biggest ever by an Indian non-bank lender. Live Events Citi, Goldman Sachs' India unit, Jefferies, IIFL Capital and Axis Capital are bookrunners for the Credila offering. Founded in 2006, Credila is a non-banking financial company which offers education loans.
Reuters
11 hours ago
- Business
- Reuters
India's Credila Financial Services files for $584 million IPO
June 26 (Reuters) - Credila Financial Services on Thursday filed for an initial public offering worth 50 billion rupees ($583.76 million), draft prospectus showed. ($1 = 85.6520 Indian rupees)
Business Standard
11-06-2025
- Business
- Business Standard
Credila Financial Services standalone net profit rises 111.15% in the March 2025 quarter
Sales rise 53.00% to Rs 1336.79 crore Net profit of Credila Financial Services rose 111.15% to Rs 316.95 crore in the quarter ended March 2025 as against Rs 150.11 crore during the previous quarter ended March 2024. Sales rose 53.00% to Rs 1336.79 crore in the quarter ended March 2025 as against Rs 873.70 crore during the previous quarter ended March 2024. For the full year,net profit rose 87.19% to Rs 989.96 crore in the year ended March 2025 as against Rs 528.84 crore during the previous year ended March 2024. Sales rose 70.32% to Rs 4719.73 crore in the year ended March 2025 as against Rs 2771.04 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1336.79873.70 53 4719.732771.04 70 OPM % 92.8986.52 - 89.7888.44 - PBDT 430.75204.00 111 1350.02719.79 88 PBT 423.84200.81 111 1325.98708.37 87 NP 316.95150.11 111 989.96528.84 87
