Srestha Finvest Announces Q4FY24 Financial Results; Details Inside

Srestha Finvest Limited, a micro-cap company providing financial services, has informed the stock market that its Board of Directors met on Thursday, May 30, in which the results of the fourth quarter of the last financial year have been approved.

Srestha Finvest Limited has told the stock market that the company's operating revenue in the fourth quarter of the last financial year was Rs 5.63 crore, which was Rs 3.35 crore in the previous quarter and Rs 69 lakh in the fourth quarter of the last financial year.

Srestha Finvest Limited has informed the stock market that its profit before tax in the fourth quarter of the last financial year was Rs 5.19 crore, which was -46 lakh rupees in the previous quarter and -4.59 crore rupees in the fourth quarter of the last financial year. Talking about the net profit of the company, the profit of Srestha Finvest Limited in the fourth quarter of the last financial year was Rs 5.06 crore.

Amid good stock market performance, the shares of Srestha Finvest Limited were trading 7.63 per cent higher in early trade and the shares of the company with a market cap of Rs 74 crore reached the level of Rs 1.27. The 52-week high of the shares of micro-cap financial services company Srestha Finvest Limited is Rs 1.50 while the 52-week low is Rs 1.

In the last 6 months, the shares of Srestha Finvest Limited have given an 11% return to the investors, while in the last 1 year, this stock has given a return of per cent. From the level of Rs 1.04 on March 28, 2024, the shares of Srestha Finvest Limited have given a return of 25 per cent to the investors.

In Q3FY24, The company generated a net income of Rs 2.10 Cr in the September 2023 quarter compared to Rs 0.29 Cr in the September 2022 quarter. Its net expenses reached Rs 4.05 Cr in Q2FY24 which was Rs 0.42 Cr in Q2FY23. It booked a negative EBIT of Rs -1.95 which was Rs -0.13 in the year-ago quarter. Srestha Finvest reported a net loss of Rs 3.30 Cr in Q2FY24 compared to a net loss of Rs 0.14 Cr in Q2FY23.

The market capitalization of Srestha Finvest Ltd., a micro-cap company, is Rs 83 Cr as of Tuesday's closing session. Srestha Finvest Limited is a public limited company that is registered with the Registrar of Companies in Tamilnadu, and it has its registered office in Chennai, Tamil Nadu. The company's main business activities include leasing, hire purchase, financing, immovable and moveable property, and lending against securities. The company's shares are traded on the Bombay Stock Exchange Limited and the Metropolitan Stock Exchange Ltd. The firm is registered with the Reserve Bank of India as a category 'B' NBFC.