Jumbo Finance sees sharp revenue drop amid weakness in small NBFC operations

Jumbo Finance reported a 27% year-on-year revenue decline to ₹0.20 crore as lending activity stayed weak in the small NBFC space.

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Jumbo Finance sees sharp revenue drop amid weakness in small NBFC operations

Jumbo Finance sees sharp revenue drop amid weakness in small NBFC operations
Jumbo Finance recorded standalone net sales of ₹0.20 crore for the September quarter, down 27% from ₹0.27 crore reported in the same period last year. Net profit weakened in line with falling revenue as core lending activity remained subdued. Management indicated that portfolio diversification and selective credit expansion will remain priorities to support gradual business recovery.
Companies:
  • Jumbo Finance
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