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Stock Report
Kreon Finnancial Services Limited announces financial updates for Q2 FY22
Posted On : 2021-11-09 19:42:51( TIMEZONE : IST )
Kreon Finnancial Services Limited is a BSE Listed Company (BSE Code: KREONFIN; Scrip Code:530139) established in the Year 1994.
Digitalization and Digital India initiative has positively contributed to comprehensive and easy accessibility to every individual citizen in particular to the student community, adding greater social benefit to the economy. It has reached a wider market in the recent years and gives easy and quick access to end users. This has encouraged students to utilize online transaction facilities instantly. StuCred is happy to be part of the Digital market through its app-based lending facility and serve the student community on day to day basis to meet their financial needs. The Company also has a tie up with PayTm which is greater support and has widened the surface in the Digital transactions market.
Financials Updates
- Revenue Growth in Quarter ended Sep'2021:
- 118% compared to previous Half year
- 28% compared to previous quarter
- 147% compared to Q2 of FY 2020-21
- Gross margin for the current quarter improved versus the
- Prior quarter by 34%
- Comparative previous year quarter by 244%
- Revenue Growth in Month ended Oct'2021
- 15.43% compared to last month(Sep'21)
- 298% compared to Oct'20 of FY 20-21
- Continued focus in increasing revenues and customer base across colleges.
- On boarded new colleges onto the app, with a monthly growth of 10%. In the previous rolling 6 month period, we have increased our college database by 60+%.
- On track to manifold disbursements during the year at a steady growth of 20%.
After experiencing continued organic growth during Covid pandemic, the company has confidently expanded marketing during the month of September to expand its user base.
Shares of KREON FINNANCIAL SERVICES LTD. was last trading in BSE at Rs. 49.35 as compared to the previous close of Rs. 47.00. The total number of shares traded during the day was 25042 in over 208 trades.
The stock hit an intraday high of Rs. 49.35 and intraday low of 49.00. The net turnover during the day was Rs. 1235615.00.
