Home / Companies / Results / Niyogin Fintech continues to make losses, revenue rises 231% in Sept qtr

Niyogin Fintech continues to make losses, revenue rises 231% in Sept qtr

The company's balance sheet has become debt free and had cash and cash equivalents of Rs 171.4 crore as of the quarter ended September

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The fintech company said that its rural distribution touch points reached 198,593, up 199.9 per cent on a year on year basis in Q2

Deepsekhar Choudhury Bengaluru

2 min read Last Updated : Nov 02 2021 | 1:29 PM IST

Niyogin Fintech posted a loss of Rs 1.78 crore, attributable to shareholders of the company, on a consolidated basis in the quarter ended September, slipping further from Rs 12.4 lakh of loss in the year-ago period and Rs 1.52 crore in the quarter ended June.

However, the company’s revenue was up 230.5 per cent at Rs 26 crore in Q2FY22 compared to the corresponding period last year. Its balance sheet has become debt free and had cash and cash equivalents of Rs 171.4 crore as of the quarter ended September.

“Our credit loan book is down by 71.1 per cent year on

Topics : Fintech Q2 results

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