CSL Finance Limited - Quarterly & yearly Update for period ended 31st March 2024

CSL Finance Limited has announced business updates for Quarter & Year ended 31 March 2024.

- The Company witnessed y-o-y growth of 30% with an Assets under management (AUM) of approximately INR 1040 cr (including DA of INR 40 cr and co-lended (without recourse) of INR 65cz) as at Mar'24, as compared to INR 750 ct (including DA of INR 14 cx) as at year ended Mar'23.

- During this Quarter the company have been assigned A- stable; from Acuite Ratings & Research Limited.

- Cumulatively the company raised debt of INR 360 cr during the Financial year 2023-24 from existing banks and financial institutions.

- New lenders on-boarded during the quarter DCB Bank, Indian Overseas Bank, Avanse (DA transaction).

- Company raised fresh debt of INR 112 cr (in Q4 from existing and new lenders) majorly due to the delay in the outcome of the rating which came only by the end of March'24.

- New loans disbursed during the quarter were INR 225 cr and collections of INR 213 cr.

- The Company maintains a strong Liquidity surplus with approximately INR 78 cr ( including undrawn sanctions of INR 11.50 cr) as at year ended Mar'24.

- The Company is maintaining a well-capitalized capital adequacy ratio (CAR) of approximately 50% for year ended Mar'24.

- Shift of portfolio mix from Wholesale to SME, i.e of 54:46 (WSL: SME) as at year ended Mar'24 vis-à-vis 60:40 as at year ended Mar'23.

The above information with reference to March'24 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. 482.20 as compared to the previous close of Rs. 451.55. The total number of shares traded during the day was 6461 in over 495 trades.

The stock hit an intraday high of Rs. 501.00 and intraday low of 450.00. The net turnover during the day was Rs. 3107751.00.

Source : Equity Bulls

Keywords

CSLFinance INE718F01018 QuarterlyUpdate Q4 FY2024