Kreon Finnancial Services Ltd — Others, 06-08-2025: Others

Kreon Finnancial Services has submitted its Annual Report for FY25, revealing a revenue increase to 26.65 Cr from 16.37 Cr. The company reported a net loss of 4.14 Cr, contrasting with last year's 0.62 Cr profit. This shift is primarily attributed to regulatory adjustments and higher loan write-offs due to a change in bad debt policy. Despite the loss, Kreon expanded its StuCred platform to over 3.12 lakh users across 21,000+ colleges, solidifying its focus on digital lending and financial inclusion. The company is strategically diversifying into new asset classes and enhancing technology for credit assessment and operational efficiency, aiming for sustainable growth.