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KLM Axiva Finvest Records Impressive Profit in Last Financial Year
Throughout the year, KLM Axiva Finvest experienced a surge in deposits, reaching an impressive 1314 crores The company achieved a remarkable profit of 24.63 crores, reflecting a substantial increase of 42 per cent in profit before tax payments. This significant growth can be attributed to the success of our microfinance and gold loan divisions. Kochi […]
Throughout the year, KLM Axiva Finvest experienced a surge in deposits, reaching an impressive 1314 crores
The company achieved a remarkable profit of 24.63 crores, reflecting a substantial increase of 42 per cent in profit before tax payments. This significant growth can be attributed to the success of our microfinance and gold loan divisions.
Kochi (Kerala) [India], June 6: KLM Axiva Finvest, a renowned financial services firm, is pleased to announce its exceptional financial performance for the last fiscal year. The company achieved a remarkable profit of 24.63 crores, reflecting a substantial increase of 42 per cent in profit before tax payments. This significant growth can be attributed to the success of our microfinance and gold loan divisions. Furthermore, the firm received a substantial interest income of 275.40 crores, marking a remarkable 53% increase compared to the previous year. The total handling assets of the company surged to 1719 crores, a testament to our commitment to sustained growth.
Throughout the year, KLM Axiva Finvest experienced a surge in deposits, reaching an impressive 1314 crores, while the total loans disbursed amounted to 1445 crores. To reinforce our financial stability and provide flexibility for future investments, we secured funds from the latest Non-Convertible Debenture (NCD), backed by gold. This strategic financial maneuver has solidified our position and empowered us to seize strategic growth opportunities. The non-current assets of the company constitute a modest 1.84 per cent of the total assets, emphasizing our commitment to long-term stability and steady growth.
