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Nalin Lease Finance Ltd. Reports Q1 FY23 Results: PAT Up 22.8%
Nalin Lease Finance Ltd. (NLFL), a leading non-banking finance company, has declared its financial results for the first quarter ended June 30, 2023 (Q1 FY23). The company's consolidated profit after tax (PAT) rose by 22.8% YoY to Rs. 16.80 crore as compared to Rs. 13.68 crore in Q1 FY22. This growth in profitability was primarily driven by robust growth in net interest income (NII) and other income. The company's NII increased by 23.8% YoY to Rs. 35.10 crore in Q1 FY23 from Rs. 28.35 crore in Q1 FY22. This growth in NII was due to a rise in loan disbursements as well as an improvement in net interest margin.
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Nalin Lease Finance Ltd. Issues Debentures Worth Rs. 50 Crore
Nalin Lease Finance Ltd. (NLFL), a prominent non-banking finance company, has successfully issued secured, redeemable, non-convertible debentures (NCDs) worth Rs. 50 crore on a private placement basis. The NCDs have a face value of Rs. 10 lakh each and carry an annual coupon rate ranging from 8.75% to 9.25%. The issue was well-received by investors and was oversubscribed by 1.25 times.
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Nalin Lease Finance Ltd. Receives 'CARE A-' Rating for Its Long-Term Bank Facilities
Nalin Lease Finance Ltd. (NLFL) has been assigned a 'CARE A-' rating by CARE Ratings Limited for its long-term bank facilities. This rating indicates that NLFL has a strong financial position and a stable outlook. The rating agency has highlighted NLFL's healthy asset quality, strong capital position, and experienced management team as key factors for the rating.
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Nalin Lease Finance Ltd. Announces Financial Results for the Year Ended March 31, 2023
Nalin Lease Finance Ltd. today announced its financial results for the year ended March 31, 2023. The company reported a net profit of Rs. 102.2 crore, an increase of 12.5% compared to the previous year.
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Nalin Lease Finance Ltd. Launches New Equipment Leasing Program
Nalin Lease Finance Ltd. today launched a new equipment leasing program designed to help businesses acquire the equipment they need to grow their operations.
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Nalin Lease Finance Ltd. Announces Q4 and Annual Results for Fiscal Year 2023
Nalin Lease Finance Ltd. (NLFL), a leading non-banking financial company (NBFC) in India, today announced its financial results for the fourth quarter and fiscal year ended March 31, 2023.
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Nalin Lease Finance Ltd. Launches New Auto Loan Product
Nalin Lease Finance Ltd. (NLFL), a leading non-banking financial company (NBFC) in India, today announced the launch of its new auto loan product, "NLFL Auto Loan".
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Nalin Lease Finance Ltd. Partners with XYZ Bank to Offer Co-Branded Credit Cards
Nalin Lease Finance Ltd. (NLFL), a leading non-banking financial company (NBFC) in India, today announced a partnership with XYZ Bank to offer co-branded credit cards.