Inox Finance & Leasing Ltd. announced its FY24 results

21 October 2024

• Inox Leasing and Finance Limited (ILFL), a systemically important non-deposit-taking Non-Banking Financial Company (NBFC-ND-SI), faced a challenging FY24.
• The company's consolidated revenue dropped by 11.84%, from ₹6,330 Cr in FY23 to ₹5,581 Cr in FY24, reflecting a contraction in core operations. This decrease in revenue highlights the impact of external factors such as market volatility and changes in the business environment, affecting overall income from its leasing and financial services operations.
• The company’s Profit After Tax (PAT) plummeted by 37.6% due to increased expenses.