Finkurve Financial Services Limited, a tech-first gold loan NBFC, reported robust Q1 results. Key highlights include a 66.01% year-over-year increase in Asset Under Management to INR 541.78 crores, 40.47% growth in total income to INR 40.04 crores, and a 16.06% rise in Profit After Tax to INR 5.09 crores. The company expanded its branch network by 29.68% to 83 branches and maintained healthy asset quality with a gross NPA ratio of 0.37%. Finkurve also raised approximately INR 111.50 crores through a preferential issue and entered the Tamil Nadu market with its first branch in Chennai.
Finkurve Financial Services Limited approved the issuance of 2,200 Non-Convertible Debentures (NCDs) worth Rs 22 crore. Each NCD has a face value of Rs 1 lakh, offering an 11.75% coupon rate for a 36-month tenure. The NCDs will be secured against the company's receivables and are proposed to be listed on BSE Limited. Interest payments will be made quarterly, with an additional 1% interest rate applicable in case of default.
Finkurve Financial Services has scheduled a board meeting for August 11 to discuss and potentially approve the issuance of Non-Convertible Debentures (NCDs) through private placement. The proposed debentures have a face value and issue price of Rs. 1,00,000 each and will be offered via an Electronic Bidding Platform. This move is part of the company's strategy to explore funding options and could provide additional capital for operations or expansion.
Finkurve Financial Services Limited obtained BSE approval to trade 1,30,13,100 new equity shares from July 23, 2025. The shares, issued at Rs. 78 each on a preferential basis to non-promoters, have a face value of Re. 1 and a premium of Rs. 77. This development could potentially boost the company's capital base and market liquidity.