NBFC stock hits 20% upper circuit after it reports 266% YoY increase in net profits in H1FY25
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NBFC stock has reported an impressive 266% YoY growth in net profit for H1FY25, reaching ?1,886.93 lakh. This remarkable performance was driven by strong business performance, effective cost management, and strategic operations, bolstering revenue and financial stability.
About Nisus Finance:
Nisus Finance Services Co. Ltd. (BSE: 544296) operates in two main segments: Transaction Advisory Services and Fund & Asset Management. With subsidiaries in real estate, urban infrastructure, and NBFC, it manages over INR 1000 Crore AUM, offering tailored financial solutions.
Share price movement of Nisus Finance:
On December 26, 2024, Nisus Finance Services Co Ltd opened at ?349.00, up 9.85% from its previous close of ?317.65. The stock reached a high of ?381.15 and a low of ?339.00. By 12:03 PM, it traded at ?381.15, a 19.99% increase, with a market cap of ?910.11 crore.
Nisus Finance reports 266% profit growth:
Nisus Finance Services Co Limited has posted an impressive 266% YoY surge in net profit for H1FY25, reaching ?1,886.93 lakh, up from ?514.53 lakh last year. This exceptional growth was driven by strong performance across multiple business segments and effective cost control.
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The company also reported a rise in total income to ?3,862.57 lakh for H1FY25, a notable increase from ?3,094.86 lakh in H1FY24. Revenue growth was fueled by higher operational earnings, reduced finance costs, careful expense management, and controlled employee and depreciation costs.
Nisus Finance’s solid performance is reflected in its robust balance sheet, with total assets reaching ?6,729.59 lakh. The company’s equity surged to ?5,175.32 lakh, and it reported a current tax expense of ?657.36 lakh, highlighting its prudent tax management approach.
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