NBI Industrial Finance Q1 Results Loss of ₹26.86 Lakhs

N.B.I. Industrial Finance had a tough time financially in the first quarter of 2024. They made ~35.48 lakhs from its main activities. This includes ~0.56 lakhs from interest and ~12.24 lakhs from dividends. They also made ~22.68 lakhs from changes in the value of their investments. When we add up all these sources of money, their total income was ~35.48 lakhs.

However, their costs were high. They spent ~66.64 lakhs on various expenses, like employee salaries, other operating costs, and a small amount on depreciation. Because their expenses were more than their income, they had a loss before taxes of ~31.16 lakhs. After accounting for taxes, their loss for the quarter was ~26.86 lakhs.

In addition, their other comprehensive income, which includes changes in the value of their investments and other items, was positive, adding ~18,776.61 lakhs. When combining the profit/loss with other comprehensive income, their total comprehensive income was ~18,749.75 lakhs.

Source: Here 

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NBI Industrial Finance Q1 Results 2024-2025

This table provides a snapshot of NBI Industrial Finance's financial performance for the first quarter of 2024, showing their earnings, expenses, and overall financial health.

(Figures in Lakhs)

NBI Industrial Finance Fanancial Metrics

NBI Industrial Finance’s market capitalization is ₹587 crore, which is the total value of its outstanding shares. The current stock price is ₹2,390. The stock has reached a high of ₹2,779 and a low of ₹1,526. The Price-to-Earnings (P/E) ratio is 152, meaning the stock is quite expensive compared to its earnings.

Here is the financial information presented in a table format:

Quarterly Results 

NBI Industrial Finance's table shows financial data for three periods: December 2023, March 2024, and June 2024. In December 2023, the NBI Industrial Finance had sales of 0.97, with expenses of 0.45, resulting in an operating profit of 0.52 and a profit before tax of 0.53. 

Here are the financial results for the NBI Industrial Finance for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About NBI Industrial Finance

N.B.I. Industrial Finance started as a bank on December 21, 1936, with the name "The New Bank Limited." It changed its name to "The New Bank of India Limited" on November 4, 1941. In 1980, the Indian government took over the bank’s operations. After this, the NBI Industrial Finance was renamed "N.B.I. Industrial Finance" on May 26, 1951. Since then, it has been known as a Non-Banking Financial.

NBI Industrial Finance no longer operates as a bank. Instead, it focuses on investing in shares and securities. This means it buys and sells stocks and other financial assets to make money. It is also involved in other financial activities but does not provide traditional banking services like savings accounts or loans.

NBI Industrial Finance is registered with the Reserve Bank of India (RBI) as an NBFC with the registration number 5.00252. This registration allows it to operate under specific financial rules set by the RBI. Since 1981, NBI Industrial Finance has not undergone any major changes like reorganization or merging with other companies. It continues to operate in its current capacity, focusing on investments and financial activities.