Smartlink Holdings' NBFC Registration Cancelled; Q1 Results Show Profit
Smartlink Holdings announced the cancellation of its NBFC registration by RBI and released Q1 financial results. The company voluntarily surrendered its NBFC registration due to not meeting RBI's Principal Business Criteria. In Q1, Smartlink reported standalone revenue growth of 68.29% and turned profitable with Rs. 11.94 lakhs PAT. Consolidated results showed a slight revenue decrease but improved profitability with Rs. 217.51 lakhs PAT.