Srestha Finvest Ltd., a leader in financial solutions, has announced its earnings for the quarter and year ended 31 March 2024.
For the quarter ended 31 March 2024, the company reported Revenue from operations at Rs. 391.85 Lakhs, a growth of 462.36% YoY. PAT was reported at Rs. 506 Lakhs (Q4FY24), and Net PAT (total comprehensive income) came in at Rs. 1767.74 Lakhs (Q4FY24)
For the year ended 31 March 2024, the company saw astellar269% growth in its revenue from operations, growing from Rs. 274.56 Lakhs (FY23) to Rs. 1013.01 Lakhs (FY24). PAT came in at Rs. 173.86Lakhs (FY24), while the Net PAT (total comprehensive income) stood at Rs. 2404 Lakhs (FY24) Srestha Finvest Ltd is a leader in the field of financial solutions, offering comprehensive solutions to both individuals and businesses. In an Indian financial landscape predominantly reliant on traditional financing avenues, Srestha Finvest recognizes the gaps that stem from a lack of specialized players in the sector. The company, observing the absence of structured financial solutions, limited skill sets, and regulatory constraints that restrict tailored offerings from financial institutions, discerns an opportunity
to innovate and deliver customized solutions. Focusing on the Lending Business segment, Srestha Finvest is committed to providing specialized and comprehensive solutions to both Indian corporates and individuals, nurturing and empowering their growth endeavors.
The company prioritizes structured credit products supported by robust cash flows, ensuring a secure and high-quality wholesale lending portfolio. Within the Wholesale Lending Business, the company facilitates diverse credit solutions encompassing project funding, mezzanine financing, acquisition financing, bridge financing, working capital requirements, and personal finance, among others.
Besides lending, Srestha Finvest invests and trades stocks and shares. These investments are made with both strategic intent and trade purposes, aligning with the company’s goal to evolve its business model towards bespoke product offerings for its clientele soon. The company’s core business activities encompass lending money against various securities, movable and immovable properties, finance, hire purchase, and leasing. Operating as a Category ‘B’ NBFC Company registered with the Reserve Bank of India, the company upholds the highest standards of financial governance and compliance. The Company continues to believe in its philosophy that Corporate Governance envisages the attainment of the highest level of transparency, accountability and equity in all areas of its operations and interactions with customers, shareholders, investors, employees, and government authorities. The Company emphasizes on good Corporate Governance and believes in maintaining highest standards of quality and ethical conduct in all activities of the Company. as it would not only encourage value creation but also provide accountability and control systems commensurate with the risks involved.
With a vision to expand and diversify its business verticals, Srestha Finvest aspires to emerge as a comprehensive hub, offering all-encompassing solutions for finance and investment-related products. The securities of the company are listed on BSE (BSE: 539217).