Baid Finserv Limited — Important, 17-02-2025: Updates

Baid Finserv Limited has submitted the financial results for the quarter and nine months ended December 31, 2024. The company reported a total income of ₹2,135.24 Cr for the quarter, showing a slight increase from ₹1,970.82 Cr in the previous quarter. For the nine-month period, total income reached ₹6,040.98 Cr, compared to ₹5,115.27 Cr for the same period last year.

Expenses for the quarter were ₹1,503.05 Cr, leading to a loss before tax of ₹632.20 Cr, which is an increase in loss compared to the previous quarter's loss of ₹261.59 Cr. The loss for the nine months stands at ₹1,307.94 Cr. The company also reported a basic earnings per share of ₹0.39.

In terms of strategic focus, Baid Finserv continues to concentrate on providing various loans, encompassing car, commercial vehicle, MSME loans, and loans against property. Despite the losses, investors may want to watch closely given the slight uptick in revenue, which could signal potential future recovery.