Akme Fintrade (India) Limited announced strong Q1 results with net profit up 27.41% to ₹9.61 crore. Interest income rose 6.14% to ₹30.61 crore, while Assets Under Management grew 9.12% to ₹675.05 crore. The company's Board approved issuance of Non-Convertible Debentures up to ₹30 crore at 12% p.a. for 24 months. M/s. Ronak Jhuthawat & Co was recommended as new Secretarial Auditors. CEO Akash Jain expressed confidence in the company's growth strategy, focusing on MSME and vehicle lending segments.
Akme Fintrade, an Udaipur-based NBFC, plans to issue NCDs worth up to INR 15 crore, with a board meeting scheduled for August 5, 2025, to approve the issuance. Acuité Ratings & Research has reaffirmed its 'ACUITE BBB+' rating for the company's bank facilities and proposed NCDs. The company's financial performance shows improvement, with increased networth, better gearing, enhanced collection efficiency, and improved profitability. Recent management changes are expected to strengthen the company's business profile. However, geographical concentration remains a challenge.