Everlon Financials Reports Strong Revenue Growth but Swings to Loss in Q1
Everlon Financials Limited, an NBFC, reported Q1 results with revenue from operations increasing 81.5% to ₹822.93 crore. Despite revenue growth, the company swung to a net loss of ₹40.95 crore compared to a profit of ₹197.71 crore in the same quarter last year. The Board re-appointed Jitendra K. Vakharia as Managing Director and Kiron Basty Shenoy as Independent Director. The company's 36th Annual General Meeting is scheduled for September 5.