This LIC-backed company redeems 1200 NCDs, shares to in focus | Check full details here
GH News July 13, 2025 08:06 PM
Share Market News: LIC-backed NBFC Paisalo Digital will remain in the spotlight on Monday July 14 2025 as the company has announced the partial redemption of non-convertible debentures (NCDs). In a stock exchange filing dated July 13 the company said it has redeemed 1200 NCDs on their scheduled maturity date July 12 2025. These debentures are part of the 9.95% Listed Secured Redeemable Non-Convertible Debentures (Series- PDL042024 ISIN: INE420C07106) each carrying a face value of ₹100000. The company further clarified that the remaining 600 NCDs under the same ISIN will mature on October 10 2025. Paisalo Digital shares closed 2.42% lower at ₹30.68 on Friday compared to the previous close of ₹31.44. The stock has seen a sharp correction declining over 29% in the past six months and nearly 60% over the last one year. Despite the stocks weak performance the company posted strong Q4 FY2024-25 results. Standalone net profit rose 25% year-on-year to ₹45 crore up from ₹36 crore in the same quarter last year. Net Interest Income (NII) surged 41% YoY to ₹96 crore while total interest income increased to ₹178.09 crore from ₹147.73 crore. However asset quality saw some deterioration. Gross and Net NPA rose to 0.99% and 0.76% respectively compared to 0.21% and 0.02% in Q4 FY24. The company said it is working to enhance its debt recovery and management systems to curb rising delinquencies. On a positive note Paisalo Digital reported its highest-ever Assets Under Management (AUM) during the quarter reaching ₹5232.8 crore—a 14.1% increase from ₹4586 crore a year earlier.
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