Allotted 1:1 Bonus Shares: NBFC Below Rs 75 Declares 10% Dividend Payout, Resulting in 91% Increase in FY24 PAT

Paisalo Digital, an NBFC, has returned with another incentive after recently awarding 1:1 bonus shares to its investors. 10% of Paisalo’s dividend has been announced and will be disbursed shortly. When it presented its FY24 profits on April 26, the statement was made. PAT increased by a staggering 91% in FY24, and the NBFC had the largest increase in client franchises ever.

For the fiscal year that ends on March 31, 2024, the board of the firm has proposed a final dividend of 10% on the fully paid-up capital of the company, or Re. 0.10/- (Ten Paisa Only) each fully paid equity share of Re. 1/- each.

It said, “The Dividend recommended by the Board of Director is subject to the approval of Members of the Company at the ensuing Annual General Meeting of the Company.”

This comes after Paisalo paid dividends in 2023 and 2022 that were equivalent to Rs 0.10 apiece.

Paisalo Digital Bonus Shares: As of last month, the 1:1 ratio of bonus shares for Paisalo became ex-bonus on March 20, 2024. This indicates that for every existing Equity Share of Re. 1 each owned by the Company’s shareholders as of the Record Date, the Company issued one new bonus Equity Share of Re. 1.

In accordance with the ratio of one new equity share for every one existing equity share owned in the company, 44,90,21,990 equity shares of Re.1/-each were allotted as bonus shares.

Paisalo Digital Earnings: PAT increased by 91% to Rs 179 crore in FY24 from Rs 93.6 crore in FY2022–2023. In the meanwhile, revenue for FY24 increased by 39% to Rs 658.7 crore from Rs 473.2 crore in the same quarter last year.

Additionally, Paisalo’s payments increased from Rs 2,599.6 crore in the previous fiscal year to Rs 3,590.2 crore in the fiscal year 2023–2024, a 38% increase. As of March 31, 2024, there were 4.29 million franchised customers, up from 1.50 million the previous year.

Furthermore, from ₹ 34,928 million on March 31, 2023, to ₹ 45,860 million on March 31, 2024, assets under management (AUM) increased by 31%. In comparison to GNPA of 0.25% and NNPA of 0.02% as of March 31, 2023, Gross NPA (GNPA) and Net NPA (NNPA) as of March 31, 2024, were, respectively, 0.21% and 0.02%.

In addition, as of March 31, 2024, the global footprint had 2,455 touch points as opposed to 1,052 touch points the previous year. In FY24, the firm gained 1,403 touchpoints.

Paisalo Digital Share Price: On April 26, the smallcap NBFC stock touched its 5% lower circuit, trading at Rs 73.08 a share on the BSE. The stock has traded at a 52-week high of Rs 99.63 per share and a low of Rs 21.01 per share.

Paisalo Digital Limited is a Reserve Bank of India-registered non-deposit-taking nonbank financial institution. a well-known listed NBFC in India’s semi-urban and rural regions with a strong distribution network. With more than 42 lakh borrowers served and 2455 touchpoint branches nationwide, it is now leading the way in co-lending, pioneering seamless credit distribution services, and managing loans for revenue creation.