K Z Leasing and Finance Reports 62.62 Lakh Quarterly Profit Amid Fair Value Losses
KZ Leasing & Finance Limited reported a 14.02% increase in net profit to 62.62 lakh for Q1 FY2024. Revenue from operations surged by 114.22% to 14.46 lakh. Other income rose to 155.98 lakh, boosting total income. However, the company faced a total comprehensive loss of 25.75 lakh due to fair value changes in equity investments amounting to 119.43 lakh. Expenses increased by 66.54% to 85.62 lakh. The basic and diluted EPS improved to 2.06 from 1.81 in the previous quarter.