PHF Leasing Limited announces Q3 results for FY 2023-2024

Quarterly Revenues up 153% on YoY basis and up 27.31% on QoQ basis PAT up 58.98% on QoQ basis Revenues in Nine Months up 112.46%, while PAT up by 406.67%

Press Release, Feb 15, 2024, 1:02 PM IST

PHF Leasing Limited, the Metropolitan Stock Exchange listed (PHF / INE405N01016), deposit accepting NBFC, headquartered in Jallandhar, Punjab, announced their Quarter 3 results for FY 2023-24. The Company is a category “A” Deposit taking Non-Banking Financial Company registered with Reserve Bank of India since 1998.

Some of the key highlights are:

On a Quarterly basis:

Total Revenues in Q3 of 2023-24 stood at Rs. 978.15 Lakh, as against Rs. 386.49 Lakh of Q3 of 2022-23 – marking a growth of 153% on YoY basis
Total Revenues in Q3 of 2023-24 stood at Rs. 978.15 Lakh, as against Rs. 768.34 Lakh of Q2 of 2022-23 – marking a robust growth of 31% on QoQ basis
PAT grew to Rs. 141.38 Lakh in Q3 of 2023-24, up from a loss of Rs. 18 Lakh in Q3 of 2022-23
PAT grew to Rs. 141.38 Lakh in Q3 of 2023-24, up 58.98 % on a QoQ basis

On a Nine Month basis (Q1 to Q3):

Total Revenues in Nine Months Ended 31^st December 2023 stood at 2375.52 Lakh, up from Rs 1118.11 Lakh as on 31^st December 2022, marking an increase of 112.46%
PAT in the nine month ended December 31, 2023 at Rs. 296.30 Lakh, up 406.67 % in the Nine Month ended December 31, 2023

Financials at a glance:

(Rupees in Lakhs except EPS)

		Quarter ended			–		Nine Month Ended
	Dec 31, 2023		Dec 31, 2022	Sept 30, 2023		Dec 31, 2023		Dec 31, 2022
Total Income	978.15		386.49	768.34		2375.52		1118.11
PBT	117.45		(45.37)	78.61		251.77		57.44
PAT	141.38		(18)	88.93		296.30		58.48
EPS	1.14		(0.33)	0.72		2.39		1.06

Commenting on the results, Mr. Shalya Gupta, CEO, PHF Leasing said “This quarter has seen us maintain the scorching pace of growth that was set in motion in the past year and our results reflect that. Our AUM has crossed the Rs.195 crore mark. We have ensured that our systems are in place and in the quest for growth, we do not compromise on the quality of lending. We also are emerging as one of the top lenders in the Light Commercial EV segment. We are hopeful of maintaining this growth going forward”.

About PHF Leasing:

Incorporated in 1992, PHF Leasing Limited is a Metropolitan Stock Exchange of India listed, deposit accepting NBFC, headquartered in Jallandhar, Punjab. The Company is a category “A” Deposit taking Non-Banking Financial Company registered with Reserve Bank of India since 1998. The product portfolio includes Mortgage loans against immovable property (LAP) and financing E-vehicles primarily E-rickshaws, E-loaders and EV – 2 wheelers.

Operating in Nine states & UT, PHF Leasing is operating in 100+ Locations and employs 400+ people.

For more information, please visit: www.phfleasing.com

SAFE HARBOUR STATEMENT:

This release may include certain ‘forward looking statements’, based on current expectations, forecasts and assumptions within the meaning of applicable laws and regulations. They are subject to risks and uncertainties which could cause actual outcomes and results to differ materially from these statements. The Company disclaims any obligation to revise any forward-looking statements.

For Media/Analyst enquiries:

Sunil Kumar Singh

Finese PR

+91-11-27013586 / 27018630 / 27022460

+91 9818363518

[email protected] / [email protected]

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.