Kochi (Kerala) [India], November 16 (ANI/NewsVoir): KLM Axiva Finvest, one of the leading Gold Loan NBFCs, announced its Q2 results for FY 22-23. The company posted a profit of Rs 15.51 crore in the second quarter of FY 22-23. The profit for the same quarter last year was Rs. 9.03 crore. The PAT for H1 FY 22-23 stood at Rs. 11.13 crore. For this quarter, a large share of KLM's revenue has come from the income generated from the interest, which was Rs. 132.40 crores. A robust recovery measure in place at KLM helped to reduce NPAs (non-performing assets) to 2.42%. With this, the total assets of the company stood at Rs 1,449 crore. Meanwhile, the investments have reached Rs. 1147 crores, whereas the debt stood at Rs. 1272 crores. Commenting on the company's performance, Manoj Ravi, CEO, KLM Axiva Finvest, said, "We are happy to close this quarter on a positive note. The rise in the gold mortgages and microfinance business has helped us to secure a notable profit for this quar
Kochi (Kerala) [India], November 14 (ANI/PNN): KLM Axiva Finvest, one of the leading Gold Loan NBFCs, announced its Q2 results for FY 22-23. The company posted a profit of Rs 15.51 crore in the second quarter of FY 22-23. The profit for the same quarter last year was Rs 9.03 crore. The PAT for H1 FY 22-23 stood at Rs 11.13 crore. For this quarter, a large share of KLM's revenue has come from the income generated from the interest, which was Rs. 132.40 crores. A robust recovery measure in place at KLM helped to reduce NPAs (non-performing assets) to 2.42 per cent. With this, the total assets of the company stood at Rs 1,449 crore. Meanwhile, the investments have reached Rs 1147 crores, whereas the debt stood at Rs 1272 crores. Commenting on the company's performance, Manoj Ravi, CEO, KLM AxivaFinvest, said, "We are happy to close this quarter on a positive note. The rise in the gold mortgages and microfinance business has helped us to secure a notable profit for this quarte