Stock Report

CSL Finance Limited - Business Update for Q3FY24

Posted On : 2024-01-01 17:08:28( TIMEZONE : IST )

CSL Finance Limited has announced the updates for quarter ended 31st December 2023; the detailed presentation shall follow with the financial results:

- The Company witnessed Q-o-Q growth of 12% with an Assets under management (AUM) of approximately INR 965 cr (including DA of INR 31 cr) as at Dec'23, as compared to INR 858 cr (including DA of INR 46 cr) as at Sept'23.

- New loans disbursed during the quarter were INR 260 cr (INR 150 cr in WSL and INR 110 cr in SME) as compared to INR 296 cr in Q2FY24 (INR 187 cr in WSL and INR 109 cr in SME)

- The Company maintains a strong Liquidity surplus with approximately INR 75 cr as at Q3FY24 (including undrawn CC limits and term loans)

- The Company is maintaining a well-capitalized capital adequacy ratio (CAR) of approximately 51% in Q3FY24

- The Company has raised debt of approx. INR 93 cr in Q3FY24 from new & existing lenders (both Banks and NBFCs), namely Union Bank, Utkarsh small finance bank

- Shift of portfolio mix from Wholesale to SME, i.e of 53:47 (WSL:SME) as at Q3 FY24 vis-à-vis 55:45 as at Q2 FY24

The above information with reference to Dec'23 is provisional and subject to limited review by the statutory auditors of the Company.

Shares of CSL Finance Ltd was last trading in BSE at Rs. 458.15 as compared to the previous close of Rs. 453.95. The total number of shares traded during the day was 1272 in over 115 trades.

The stock hit an intraday high of Rs. 461.90 and intraday low of 447.70. The net turnover during the day was Rs. 580416.00.