Q1 2025 Niyogin Fintech Ltd Earnings Call Transcript
Key Points
- Niyogin Fintech Ltd (BOM:538772) has successfully commenced the fulfillment of the sound box contract, delivering over 35,000 devices across June and July.
- The company has secured marquee contracts for its domestic money transfer (DMT) business, which is expected to scale up transaction volumes significantly.
- Niyogin Fintech Ltd (BOM:538772) has expanded its product functionality on the Niyoblu platform to include fixed deposit booking.
- The company's net yields on its lending book have improved to 18%, which is expected to be sustainable going forward.
- Niyogin Fintech Ltd (BOM:538772) has successfully consummated the acquisition of SuperScan, which has significantly improved the quality of interactions with partners on the Niyoblu platform.
- The company's adjusted EBITDA loss for the quarter is INR6.6 crores, primarily due to muted financial inclusion solution-related revenue and provisioning against lending.
- The central elections created significant headwinds for the financial inclusion business, leading to a decrease in withdrawals in April and May.
- The company has revised its EBITDA guidance downwards to INR20 crores to INR30 crores for the year, from the earlier guidance of INR40 crores to INR50 crores.
- Niyogin Fintech Ltd (BOM:538772) faced challenges with the UPI business, leading to a loss of some customers, although the situation is stabilizing.
- The company had to take additional provisioning of INR2.5 crores on its loan book, related to an old supply chain financing transaction.
Ladies and gentlemen, good day, and welcome to Niyogin Fintech Limited Q1 FY25 earnings conference call. (Operator Instructions)
I now hand the conference over to Mr. Ravi Udeshi from Ernst & Young. Thank you, and over to you, sir.
Thank you, Steve. Good morning, everyone. On behalf of Niyogin Fintech Limited, I welcome all of you to the company's Q1 FY25 earnings conference call.
You would have already received the quarterly 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, which reflect the outlook towards the future or which
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