The 'record date? will be fixed by the board and the said bonus issue of equity shares is subject to all necessary approvals.

Paisalo Digital?s board has approved the un-audited financial results for quarter and nine months ended 31 December 2023.

The company has reported 102% rise in consolidated net profit to Rs 56.46 crore on a 49% increase in total income to Rs 182.59 crore in Q3 FY24 over Q3 FY23.

Total expenses rose by 25% YoY to Rs 106.59 crore during the period under review.

Profit before tax in Q3 FY24 stood at Rs 76 crore, up by 105% from Rs 37.05 crore in Q3 FY23.

The company?s board has also approved the issuance of non-convertible debt securities (NCD?s), subject to the borrowing limits of Rs 4,500 crore. The board has authorized its operation and finance committee to finalize the terms and conditions for issuance, allocation and allotment of NCDs in one or more tranches.

Paisalo Digital is a non banking financial company engaged in providing loans. It is primarily focusing on financing self employed borrowers, a segment which is still unserved, driven by rising affluence, aspirations and favorable demographics. The company operates through three divisions, namely Financial Services division, microcredit division and alternate energy.

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