Baid Finserv Limited , a company specializing in various loan services, has announced its unaudited financial results for the first quarter ended June 30, 2024. The company has shown significant growth in profitability and revenue compared to the previous quarter.

Financial Highlights

• Net Profit: Rs 311.89 lakhs, up from Rs 108.41 lakhs in the previous quarter
• Total Income: Increased to Rs 1,934.91 lakhs from Rs 1,520.56 lakhs in the previous quarter
• Interest Income: Rs 1,888.02 lakhs
• Total Expenses: Rs 1,520.76 lakhs
• Earnings Per Share (EPS): Rs 0.26

Quarterly Performance Comparison

The company's net profit for Q1 FY2025 shows a substantial increase of 187.7% compared to the previous quarter. However, it's lower than the same quarter last year, which stood at Rs 561.01 lakhs.

Business Operations

Baid Finserv operates in multiple loan segments, including:

• Car loans
• Commercial vehicle loans
• MSME loans
• Loan against property services

Dividend Announcement

The company has declared a final dividend of Rs 0.10 per equity share for the financial year 2023-24.

Trading Window

Following the results announcement, the trading window for company shares will reopen 48 hours after the declaration of results, as per regulatory guidelines.

Baid Finserv's performance in Q1 FY2025, particularly in terms of revenue growth and increased profitability compared to the previous quarter, reflects positively on its business operations. The company's diverse loan portfolio appears to be contributing to its financial stability and growth.

Baid Finserv Limited , a non-banking financial company (NBFC), has reported robust financial results for the first quarter ended June 30, 2025, along with several key corporate announcements.

Financial Performance

The company's unaudited financial results for Q1 FY2025-26 show significant growth:

The company's revenue from operations saw a substantial increase of 25.97% year-over-year, rising from Rs. 1,888.02 lakhs in Q1 FY2024-25 to Rs. 2,378.30 lakhs in Q1 FY2025-26. Net profit also showed impressive growth, increasing by 28.77% to Rs. 401.61 lakhs compared to Rs. 311.89 lakhs in the same quarter of the previous year.

Dividend Announcement

The Board of Directors has recommended a final dividend of Rs. 0.10 per equity share (5% on face value of Rs. 2 each) for the financial year 2024-25, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The record date for dividend eligibility has been set as September 5, 2025.

Corporate Governance and Leadership Changes

Several key decisions were made during the board meeting:

1. Re-appointment of Aman Baid: Mr. Aman Baid has been re-appointed as Whole Time Director for a further period of three years, from June 1, 2026, to May 31, 2029, subject to shareholder approval.

2. New Statutory Auditors: The company has appointed M/s. ABSM & Associates (FRN: 015966C) as the new Statutory Auditors for a period of five years, replacing M/s Khilnani & Associates. This appointment is subject to shareholder approval at the upcoming AGM.

Annual General Meeting

Baid Finserv has scheduled its 34th Annual General Meeting for September 12, 2025, to be held virtually through video conferencing or other audio-visual means.

Business Segments and Future Outlook

Baid Finserv's main business focuses on providing various types of loans, including Car Loans, Commercial Vehicle Loans, MSME Loans, and Loans Against Property. The company's strong performance in Q1 FY2025-26 indicates a positive trend in its core lending activities.

The company's financial results and corporate actions reflect its commitment to growth, shareholder value, and strong corporate governance practices. As Baid Finserv continues to expand its operations and strengthen its position in the NBFC sector, investors and stakeholders will be watching closely for sustained performance in the coming quarters.