Niyogin Fintech Ltd (BOM:538772)
₹ 48.58 -0.96 (-1.94%) Market Cap: 4.62 Bil Enterprise Value: 3.69 Bil PE Ratio: 0 PB Ratio: 1.65 GF Score: 54/100
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Q4 2024 Niyogin Fintech Ltd Earnings Call Transcript

May 15, 2024 / 12:00PM GMT
Release Date Price: ₹73.08 (-0.64%)

Key Points

Positve
  • Niyogin Fintech Ltd (BOM:538772) achieved EBITDA breakeven in Q4 FY24, marking a significant milestone.
  • The company reported a 13% QoQ increase in AUM, closing at INR179 crores.
  • The acquisition of SuperScan, an AI-enabled toolkit, is expected to streamline workflows and reduce operational costs for BFSI clients.
  • The fintech channel now contributes nearly 45% of the AUM mix, up from 20% since its launch in October 2023.
  • iServeU, a subsidiary, turned EBITDA positive this quarter, indicating improved internal efficiencies and strong recoveries.
Negative
  • Gross transaction value (GTV) decreased by 2% QoQ in Q4 FY24, indicating a slowdown in transaction volumes.
  • Revenue ex of device sales was down 13% QoQ, reflecting subdued UPI volumes till mid-February 2024.
  • Gross take rates decreased from 34 bps to 29 bps in Q4 FY24, while net take rates decreased from 6 bps to 5 bps.
  • The company faced challenges in scaling up one of its payment offerings, which slowed its stride.
  • The non-GAAP PBT stood at negative INR2.3 crores in Q4 FY24, indicating ongoing profitability challenges.
Operator

Ladies and gentlemen, good day and welcome to the Q4 and FY24 earnings conference call of Niyogin Fintech Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Ravi Udeshi from Ernst & Young. Thank you and over to you, sir.

Ravi Udeshi
Ernst & Young LLP - Analyst

Thank you, Sejal. Good evening, everyone. On behalf of Niyogin Fintech Limited, I welcome all of you to the company's Q4 and FY24 earnings conference call.

You would already have received the quarter results and the investor presentation which is also available on our filings with the exchange. To discuss the company's business performance, we have with us today Mr. Tashwinder Singh, the CEO and Managing Director, Mr. Abhishek Thakkar, the Chief Financial Officer, and Ms. Trivenika Avasthi, the Investor Relations Officer of Niyogin Fintech. Before we proceed with this call, a disclaimer.

Please do note that anything said on this call during the course of the interaction and in our collaterals

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