RNFI Services Ltd., a leading player in the fintech space has reported stellar performance for the first half of FY25, delivering results that exceeded expectations. Despite challenging market conditions, the company has shown impressive growth across key financial metrics, positioning itself strongly for the future.
Key Highlights:
- Gross Profit surged by a remarkable 59.2%, rising from ₹37.5 Crore in H1FY24 to ₹59.7 Crore in H1FY25.
- EBITDA witnessed an outstanding growth of 79.6%, moving from ₹10.8 Crore in H1FY24 to ₹19.4 Crore in H1FY25.
- PAT grew by an impressive 60%, increasing from ₹5.5 Crore in H1FY24 to ₹8.8 Crore in H1FY25.
Revenue Performance:
While overall Revenue experienced a slight decline of 13.1% (from ₹527.2 Crore in H1FY24 to ₹458.1 Crore in H1FY25) primarily due to a reduction in forex business, Non-Forex Revenue grew strongly by 50.5%, rising from ₹137.5 Crore in H1FY24 to ₹206.9 Crore in H1FY25. This strategic shift towards more profitable, sustainable revenue streams is a testament to RNFI’s forward-thinking approach.
Strategic Growth in Retailer and Financial Institution Base:
- The Average Revenue per Retailer has increased significantly from ₹853 in FY24 to ₹1,278 in H1FY25, reflecting the strong value that RNFI provides to its partners.
- The number of active retailers has grown from 1.41 Lac in FY24 to 1.7 Lac in H1FY25, showcasing expanding reach and demand for RNFI’s services.
- RNFI’s growing network of financial institutions is also a key highlight. The company now works with 70 financial institutions (up from 54 in FY24), including 7 private sector banks, 6 public sector banks, 4 small finance banks, 3 payment banks, 29 NBFCs, 12 MFIs and 9 other financial entities.
Outlook:
RNFI Services Ltd.’s strong financial performance and strategic shifts highlight its resilient growth trajectory. The company’s focus on scaling its non-forex revenue streams and strengthening relationships with financial institutions positions it well for continued success in the coming months and years.
These exceptional results underscore RNFI’s ability to innovate, adapt and deliver sustainable growth in an increasingly competitive fintech landscape. Stay tuned for more updates as RNFI continues to redefine the future of financial services!
