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CSL Finance Ltd Q1FY24; 18% rise in Profit

CSL Finance Limited (CSLFL) (formerly known as Consolidated Securities Limited), incorporated in December 1992, is a non-deposit-taking NBFC headquartered in Delhi. It started its wholesale lending business in 2011 & SME lending in 2017. The company is engaged in lending funds to small and medium-sized businesses engaged in real estate development.
Promotor of the company, Mr. Rohit Gupta, Managing Director has more than 25 years of diverse experience in the field of Merchant Banking, Corporate Finance, Financial Restructuring, Project Finance, Stock Markets, and Secured Lending.

Financial Results:

CSL Finance Ltd reported Revenues for Q1FY24 of ₹35.00 Crores up from ₹25.00 Crore year on year, a rise of 40.0%.

Total Expenses for Q1FY24 of ₹17.00 Crores up from ₹11.00 Crores year on year, a rise of 54.55%.

Consolidated Net Profit of ₹13.00 Crores up 18.18% from ₹11.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.39, up 24.56% from ₹5.13 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: NBFC
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