Sachin Bansal's Navi Finserv quadruples standalone PAT in FY24 after subsidiary sale

Quick Summary:

Navi Finserv’s standalone revenue from operations saw a 48.57% increase, reaching Rs 1,906 crore in FY24, compared with Rs 1,283 crore earned in FY23.

It must be noted that profit after tax in FY23 had been impacted by deferred credit charges and tax adjustments related to earlier years.

Employee benefit costs showed the most substantial rise, climbing 77.36% year-on-year to Rs 149.87 crore.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Basis Fy23 Standalone Revenue Fy24 Finserv Crore Navi Personal Profit Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 11:25:35 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22862754

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