RNFI Services (RNFI) Q2 24/25 earnings summary

Executive summary

• PAT grew 59% for H1 FY25, with EBITDA margin at 4%, and active Sahayaks up 19% for the period.

• Board approved unaudited standalone and consolidated financial results for the half year ended September 30, 2024, and the limited review report from the statutory auditor.

• Business model leverages a vast Sahayak network for last-mile financial services, with diversified offerings and strong technology integration.

• Listed on NSE SME Board in July 2024, expanding partnerships with major banks and financial institutions.

• IPO proceeds utilization certificate adopted, confirming no deviation in use of funds.

Financial highlights

• Non-Forex business revenue rose 50.5% year-over-year to ₹206.9 Cr in H1 FY25; gross profit up 71.8% to ₹55.9 Cr.

• Standalone revenue from operations rose to ₹12,916.73 lakhs, up from ₹6,469.97 lakhs year-over-year.

• Consolidated net profit for the half year was ₹876.80 lakhs, compared to ₹552.01 lakhs in the same period last year.

• Forex business revenue declined 35.5% to ₹251.2 Cr; PAT dropped 75% to ₹0.2 Cr as capital was reallocated to higher-margin segments.

• Overall business revenue for H1 FY25 was ₹458.1 Cr, with EBITDA at ₹19.4 Cr and PAT at ₹8.8 Cr.

Outlook and guidance

• Plans to expand into new industries beyond current financial services.

• Focus on capital efficiency by reducing exposure to capital-intensive Forex business.

• No deviations or variations in the use of IPO proceeds; unutilized funds are temporarily parked in bank accounts and deposits.