ICL Fincorp Unlisted Shares FY24 Results: Investing Opportunity | ICL Fincorp Latest News
The FY24 results of ICL Fincorp Pre IPO Shares are out... So, let's get to know everything about it in just 1 minute!
ICL Fincorp's total revenue has increased by 29.3%, reaching ₹146 crore. However, there has been a 97.3% decline in PAT (Profit After Tax). PAT has fallen from ₹3 crore to ₹0.1 crore.
The company's assets have now reached ₹637.65 crore, and its AUM (Assets Under Management) has grown to ₹472.18 crore.
On the operational front, the company has opened 54 new branches, bringing the total to 292 branches. Through gold-backed loans, ICL Fincorp plans to empower rural and semi-urban areas, protecting them from illegal financial systems.
Over the next 5 years, ICL Fincorp has set a target of ₹5,000 crore AUM and 1,000 branches! This is because ICL Fincorp aims to establish a significant name in the NBFC market.
ICL Fincorp's P/B ratio is 1.32, while the industry P/B is 2.18, so you can certainly consider investing in ICL Fincorp Unlisted Shares. And for that, you can connect with Planify.
About ICL Fincorp Limited:
ICL Fincorp Limited operates as a non-banking financial institution (NBFC) that provides various financial solutions to customers in India. The company offers gold loans, business loans, hypothecation loans, property loans, vehicle loans, hire-purchase loans, and home appliance loans; insurance, money transfer, and foreign exchange services; and debenture products, as well as travel and tourism services.
The number of branches of the Company expanded from 203 to 241 across the 5 states in South India, ie. Kerala, Tamil Nadu, Telangana, Andhra Pradesh, and Karnataka including 4 Branches for its subsidiary Company Salem Erode Investments Limited.
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