CreditAccess Grameen Ltd., JSW Infrastructure Ltd., and Dixon Tech’s shares saw an increase in trading early in the session. Conversely, Jana Small Finance Bank Ltd., Cyient DLM Ltd., Paytm, and KEI Industries Ltd. witnessed a decline. The shares of Paytm’s parent company, One 97 Communications Ltd., Zensar Technologies Ltd., Dixon Technologies Ltd., Dalmia Bharat Ltd., and United Breweries Ltd. experienced reactions following the first-quarter results announcement. CreditAccess Grameen Ltd., JSW Infrastructure Ltd., and Dixon Tech shares saw upward movement at the beginning of the session. In contrast, Jana Small Finance Bank Ltd., Cyient DLM Ltd., Paytm, and KEI Industries Ltd. observed a decrease.
Due to AI-driven operational leverage, improved cost structure, and higher other income, EBITDA and profit turned profitable. Revenue from the distribution of financial services surged by 100% to Rs 561 crore. This growth in financial services distribution was fueled by an increase in merchant loans, trail revenue from the DLG portfolio, and enhanced collections. Marketing expenses plummeted by 65% year-on-year, while ESOP costs dropped by 88%, positively impacting profitability. Revenue increased by 1.9% to Rs 1,385 crore compared to Rs 1,359 crore (estimated at Rs 1375 crore). The net profit rose by 3.2% to Rs 182 crore from Rs 176 crore (estimated at Rs 172 crore).
In the US region, there was a sequential quarter-on-quarter growth of 4.3%, with the media and technology sectors leading at 5.5% growth. Deal wins for Q1 totaled $172 million, down from $213.5 million in Q4. Attrition for Q1 stood at 9.8% compared to 9.9% in Q4. Net Interest Income (NII) decreased by 2.4% to Rs 595 crore from Rs 609 crore. Net profit plunged by 40.2% to Rs 101.9 crore from Rs 170.5 crore. By signing up, you agree to the Terms & Conditions of NDTV Profit.
