Lendingkart’s burgeoning profitability run continues in FY24: Nets profit of INR 30CR in Q1 FY24; 99% growth YoY
Lendingkart Group reported a 99% jump in its net profit to INR 30 crore for the June 2023 quarter as compared to the same quarter last year. Starting the year profitably, the positive streak continues for seven quarters in a row, resulting in a remarkable 49% growth vs Q1 FY23. The overall AUM of the Ahmedabad-based lender grew 52% to INR 5,515 crore from INR 3,621 crore a year ago. Lendingkart has a total borrower base of over 200,000 valued customers across 14,500+ pin codes (out of 19,000) pan-India. Of the total disbursal, INR 963… Read More