Latest news with #SantanuAgarwal
India.com
21-07-2025
- Business
- India.com
THIS company declares quarterly results, check share price and other details here
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Paisalo Digital, a non-banking financial company, on Monday announced its quarterly results for April-June quarter of the financial year 2025-26. According to the information shared with the exchanges, the company's net profit surged 13.69 per cent to Rs 47.17 crore in the quarter ended June 2025 as against Rs 41.49 crore during the previous quarter ended June 2024. S Sales rise 17.24 per cent to Rs 218.71 croreNet profit of Paisalo Digital rose 13.69 per cent to Rs 47.17 crore in the quarter ended June 2025 as against Rs 41.49 crore during the previous quarter ended June 2024. Sales rose 17.24 per cent to Rs 218.71 crore in the quarter ended June 2025 as against Rs 186.55 crore during the previous quarter ended June 2024 Meanwhile, the stock opened in the red at Rs 31.15 on the BSE against the previous close of Rs 31.17. Last seen, it was still trading in the red with a fall of 0.80 per cent. In between, the stock hit an intraday high of Rs 31.80 and a low of Rs 30.84. Earlier, the company said that it has serviced over 59 lakh customers by initiating transactions worth more than Rs 3,400 crore. This has been achieved within two years with its strong network of business correspondents' collaborations with prominent banking partners, including State Bank of India (SBI) and Bank of India, Paisalo Digital said in a statement. It demonstrates the company's commitment towards financial inclusion by leveraging technology and robust partnerships with leading financial institutions to provide seamless banking facilities to India's under-banked population, it said. Santanu Agarwal, Deputy Managing Director of Paisalo Digital, said, 'As we look ahead, this success lays the foundation for achieving our ambitious vision for 2025 – to further expand our outreach, innovate our offerings, and contribute meaningfully to India's financial ecosystem.' With PTI inputs
Business Upturn
21-07-2025
- Business
- Business Upturn
Paisalo Digital Q1 results: Revenue rises 17% YoY to Rs 218.7 crore, Net profit up 14% YoY
Paisalo Digital Limited reported a strong financial performance for the quarter ended June 30, 2025 (Q1 FY26), achieving its highest-ever total income and crossing a significant milestone of 11 million customers. For Q1 FY26, the company's consolidated net profit increased 14% year-on-year (YoY) to ₹47.2 crore, compared to ₹41.5 crore in Q1 FY25. The company also reported a robust 17% YoY rise in total income to ₹218.7 crore, up from ₹186.6 crore last year. Net Interest Income (NII) rose by 20% YoY to ₹124.4 crore, from ₹103.5 crore in Q1 FY25. The company's Assets Under Management (AUM) stood at ₹5,230.2 crore, marking a 14% increase YoY. Disbursements grew 16% YoY to ₹758.1 crore during the quarter. In terms of asset quality, Paisalo Digital maintained healthy levels with Gross Stage 3 (GNPA) at 0.85% and Net Stage 3 (NNPA) at 0.68%, albeit slightly higher than the previous year. The collection efficiency remained high at 99.8%, underscoring the company's robust credit practices. Operational highlights: Return on Assets (RoA): 3.7% vs 4.0% YoY Return on Equity (RoE): 11.9% vs 12.0% YoY Net Worth: ₹1,574.6 crore, up 15% YoY Capital Adequacy Ratio: 39.5% (Tier 1: 30.4%) During the quarter, the company added approximately 1.5 million customers, bringing the total customer base to ~11 million, and expanded its footprint to 3,997 touchpoints across 22 states with 401 branches. It also extended its co-lending partnership with SBI to jointly fund MSME and SME loans, strengthening its inclusive growth initiatives. Deputy MD Santanu Agarwal commented, 'Q1 FY26 marks a good start to the year as we delivered our highest-ever total income and added 1.5 million customers in a single quarter. We remain focused on scaling responsibly, innovating continuously, and empowering millions more in the quarters ahead.' The company will host an earnings call on July 22, 2025, at 4:00 PM IST to discuss the results in detail. Disclaimer: The information provided is for informational purposes only and should not be construed as financial or investment advice. Stock market investments are subject to market risks. Please consult a financial advisor or conduct your own research before making any investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
27-06-2025
- Business
- Business Standard
Paisalo Digital surges on co-lending tie-up with SBI
Paisalo Digital rallied 5.72% to Rs 33.25 after the company announced that it has entered into a co-lending loan arrangement for SME products with the State Bank of India (SBI). The agreement, formalized on 26 June 2025, marks a significant expansion of the existing SBIPaisalo partnership and further reinforces their joint digital platform for inclusive credit delivery. Under this arrangement, SBI and Paisalo will jointly fund loans for small and medium enterprises (SMEs). This initiative will improve access to formal credit, especially in tier-2 and tier-3 cities and rural areas. The SBI-Paisalo co-lending platform offers a fully digital process for loan origination, disbursement, servicing, and recovery, ensuring efficiency and transparency throughout. This new SME-focused collaboration builds on their existing co-lending platform, which started in 2021. It follows the Reserve Bank of Indias co-lending framework released on November 5, 2020. This framework aims to increase credit flow to priority sectors like MSMEs by utilizing the strengths of both banks and non-banking financial companies. Santanu Agarwal, deputy managing director of Paisalo Digital, said, This new arrangement with SBI underlines our shared vision to expand affordable and timely credit access to the backbone of the Indian economy. By leveraging our integrated physical and digital approach and SBIs robust banking infrastructure, we are positioned to scale our impact, drive entrepreneurship, and contribute meaningfully to employment generation across the country. Since its inception, the SBI-Paisalo co-lending platform has served over 94 lakh customers through 3,565 touchpoints. With the addition of SME products, the platform is expected to speed up lending to priority sectors and meet the financing needs of underserved business segments. Paisalo Digital is a non-deposit-taking, non-banking financial company. The registered office of the company is in Delhi, and the head office is in Agra. State Bank of India (SBI) is an Indian multinational, public-sector banking, and financial services statutory body. As of 31 March 2025, the Government of India held a 57.43% stake in the bank. Shares of State Bank of India rose 0.99% to Rs 804.90 on the BSE.
Mint
27-06-2025
- Business
- Mint
LIC-owned NBFC stock under ₹50 jumps over 7%; inks co-lending loan agreement with SBI
Shares of LIC- and SBI Life-backed Paisalo Digital rose over 7 percent on Friday, June 27, after the smallcap NBFC announced the signing of a fresh co-lending loan agreement with the State Bank of India (SBI). The agreement marks a significant expansion in the collaboration between the two institutions, aimed at improving credit access for small and medium enterprises (SMEs) across India. The stock gained as much as 7.3 percent intraday to hit ₹ 33.75 before settling with modest gains. Paisalo Digital Limited, a systemically important non-deposit-taking NBFC, formalised a new co-lending loan agreement with SBI on June 26, 2025. The agreement targets SME products and is an extension of their existing co-lending partnership launched in 2021. It aligns with the Reserve Bank of India's November 2020 guidelines on co-lending, which promote greater credit flow to priority sectors by leveraging the complementary strengths of banks and NBFCs. The new arrangement is designed to jointly fund SME loans, with SBI and Paisalo sharing responsibilities across origination, disbursement, servicing, and recovery—all via a seamless digital platform. The platform aims to serve businesses in Tier 2, Tier 3, and rural markets, thereby extending the reach of formal credit to underbanked regions. Commenting on the development, Santanu Agarwal, Deputy Managing Director of Paisalo Digital, said, 'This new arrangement with SBI underlines our shared vision to expand affordable and timely credit access to the backbone of the Indian economy.' He added that by combining Paisalo's integrated physical and digital network with SBI's scale, the partnership is well-positioned to catalyse entrepreneurship and employment nationwide. According to the company, the SBI–Paisalo digital lending platform has already serviced over 94 lakh customers through 3,565 touchpoints across the country. With the inclusion of SME lending in its portfolio, the platform is expected to drive stronger growth in priority sector financing and help address the credit gap in underserved business segments. Paisalo Digital enjoys the backing of two major financial institutions. As per December 2024 BSE data, LIC holds a 1.35 percent stake in the company, while SBI Life Insurance owns a larger 9.87 percent stake. This strategic ownership not only strengthens the company's credibility but also signals long-term institutional confidence in its growth roadmap. Despite Friday's positive move, the stock has had a turbulent year. Shares of Paisalo Digital have corrected sharply, falling more than 59 percent from their 52-week high of ₹ 81.95 touched in July 2024. The stock recently rebounded from its 52-week low of ₹ 29.40 earlier this month. While it has gained 3.6 percent in June so far, this comes after a prolonged streak of declines—falling for six straight months. The stock dropped 5 percent in both April and May, 8 percent in March, 14 percent in February, 13 percent in January, and 2.4 percent in December 2024.
Mint
27-06-2025
- Business
- Mint
LIC-owned NBFC stock under ₹50 jumps over 7%; inks co-lending loan agreement with SBI
Shares of LIC- and SBI Life-backed Paisalo Digital rose over 7 percent on Friday, June 27, after the smallcap NBFC announced the signing of a fresh co-lending loan agreement with the State Bank of India (SBI). The agreement marks a significant expansion in the collaboration between the two institutions, aimed at improving credit access for small and medium enterprises (SMEs) across India. The stock gained as much as 7.3 percent intraday to hit ₹ 33.75 before settling with modest gains. Paisalo Digital Limited, a systemically important non-deposit-taking NBFC, formalised a new co-lending loan agreement with SBI on June 26, 2025. The agreement targets SME products and is an extension of their existing co-lending partnership launched in 2021. It aligns with the Reserve Bank of India's November 2020 guidelines on co-lending, which promote greater credit flow to priority sectors by leveraging the complementary strengths of banks and NBFCs. The new arrangement is designed to jointly fund SME loans, with SBI and Paisalo sharing responsibilities across origination, disbursement, servicing, and recovery—all via a seamless digital platform. The platform aims to serve businesses in Tier 2, Tier 3, and rural markets, thereby extending the reach of formal credit to underbanked regions. Commenting on the development, Santanu Agarwal, Deputy Managing Director of Paisalo Digital, said, 'This new arrangement with SBI underlines our shared vision to expand affordable and timely credit access to the backbone of the Indian economy.' He added that by combining Paisalo's integrated physical and digital network with SBI's scale, the partnership is well-positioned to catalyse entrepreneurship and employment nationwide. According to the company, the SBI–Paisalo digital lending platform has already serviced over 94 lakh customers through 3,565 touchpoints across the country. With the inclusion of SME lending in its portfolio, the platform is expected to drive stronger growth in priority sector financing and help address the credit gap in underserved business segments. Paisalo Digital enjoys the backing of two major financial institutions. As per December 2024 BSE data, LIC holds a 1.35 percent stake in the company, while SBI Life Insurance owns a larger 9.87 percent stake. This strategic ownership not only strengthens the company's credibility but also signals long-term institutional confidence in its growth roadmap. Despite Friday's positive move, the stock has had a turbulent year. Shares of Paisalo Digital have corrected sharply, falling more than 59 percent from their 52-week high of ₹ 81.95 touched in July 2024. The stock recently rebounded from its 52-week low of ₹ 29.40 earlier this month. While it has gained 3.6 percent in June so far, this comes after a prolonged streak of declines—falling for six straight months. The stock dropped 5 percent in both April and May, 8 percent in March, 14 percent in February, 13 percent in January, and 2.4 percent in December 2024. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
