Advik Capital Ltd. (BSE: 539773), a Delhi NCR based emerging Non-Banking Financial Company (NBFC), has announced its earnings for quarter and half year ended 30 September 2024.
For H1FY25 (Cons), the revenue was reported at Rs. 33016.60 Lakhs. PAT was reported at Rs. 210.84 Lakhs. For Q2FY25 (Standalone), the revenue was reported at Rs. 394.10 Lakhs, with PAT coming in at Rs. 41.88 Lakhs.
For H1FY25 (Standalone), the revenue was reported at Rs. 891.02 Lakhs, with PAT growing 29% YoY to Rs. 263.48 Lakhs.
Recently, the company announced its strategic entry into supply chain financing. This initiative aims to broaden the company’s product offerings and provide essential financial support to businesses across diverse sectors, including agri-food, FMCG, FMCD, metals, and engineering goods. Designed to enhance operational efficiency, this program is set to drive sustainable growth within targeted industry supply chains. As part of this initiative, Advik Capital has signed a Memorandum of Understanding with a leading agri-product FMCG company. While name of its esteemed partner could not be disclosed due to business confidentiality, the company can assure all the stakeholders that this collaboration lays the groundwork for expanding its supply chain financing model.