Akme Fintrade (India) Limited — Investor Meet, 05-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Akme Fintrade (India) Limited reported strong Q2 and half-year results for 2024, with a 24.5% growth in assets under management (AUM) to INR 495 crores. The company achieved a profit of INR 8.14 crores, a 124.16% increase year-on-year. Successful geographical expansion led to the opening of nine new branches. They continue to improve asset quality, targeting a GNPA reduction to 2.75%. Plans include further diversifying away from SME loans to vehicle financing and enhancing digital operations.