Kreon Finnancial Services Reports Strong Q1 Performance, Approves 31st AGM Arrangements

1 min read Updated on 25 Jul 2025, 06:24 PM

Reviewed by

Naman SharmaScanX News Team

Overview

Kreon Financial Services Limited reported significant improvement in Q1 financial performance. Total income increased to Rs. 1,187.32 lakhs from Rs. 842.19 lakhs in the previous quarter. The company turned a profit of Rs. 377.31 lakhs, compared to a loss of Rs. 78.84 lakhs in Q4. Revenue from operations grew to Rs. 1,020.73 lakhs. Earnings per share improved to Rs. 1.87 from negative Rs. 0.39. The company's 31st AGM is scheduled for August 29 via video conferencing, with book closure from August 23 to 29 and e-voting from August 26 to 28. No interim dividend was declared.

*this image is generated using AI for illustrative purposes only.

Kreon Finnancial Services Limited , a company primarily engaged in the financing business, has reported a significant improvement in its financial performance for the first quarter, along with finalizing arrangements for its upcoming Annual General Meeting (AGM).

Financial Highlights

The company's unaudited financial results for the quarter reveal a remarkable turnaround:

Particulars (in Rs. lakhs)	Q1	Q4	Q1 (Previous Year)
Total Income	1,187.32	842.19	552.25
Revenue from Operations	1,020.73	721.39	479.97
Profit Before Tax	485.11	(74.55)	14.84
Net Profit	377.31	(78.84)	20.80
Earnings Per Share (Rs.)	1.87	(0.39)	0.10

Total income surged to Rs. 1,187.32 lakhs, up from Rs. 842.19 lakhs in the previous quarter.
The company achieved a profit of Rs. 377.31 lakhs, a substantial improvement from a loss of Rs. 78.84 lakhs in the preceding quarter.
Revenue from operations grew to Rs. 1,020.73 lakhs from Rs. 721.39 lakhs.
Fees and commission income increased to Rs. 813.71 lakhs from Rs. 654.61 lakhs.
The company recorded a net gain on fair value changes of Rs. 138.78 lakhs during the quarter.
Total expenses decreased to Rs. 702.22 lakhs compared to Rs. 916.74 lakhs in the previous quarter.
Basic and diluted earnings per share stood at Rs. 1.87, compared to negative Rs. 0.39 in the previous quarter.

Key Financial Metrics

Interest Income: Rs. 13.71 lakhs
Other Operating Income: Rs. 54.54 lakhs
Other Income: Rs. 166.59 lakhs
Finance Costs: Rs. 79.22 lakhs
Employee Benefits Expenses: Rs. 136.26 lakhs

Board Meeting Outcomes

The Board of Directors, in their meeting held on July 25:

Approved the unaudited financial results for Q1, along with an unmodified Limited Review Report from statutory auditors Darpan & Associates.
Approved the final draft of the Board's Report and Corporate Governance Report for the previous financial year.
Finalized arrangements for the 31st Annual General Meeting.

31st AGM Details

Date and Time: Friday, August 29, at 11:00 AM
Mode: Video Conferencing (VC)
Book Closure: August 23 to August 29 (both days inclusive)
E-voting Period: August 26 (09:00 AM) to August 28 (05:00 PM)

The company has not declared any interim dividend.

Kreon Finnancial Services Limited continues to focus on its core financing business, with these results indicating a positive trajectory in its financial performance for the current fiscal year.

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