NBFC stock jumps 5% after reporting 1,181% YoY growth in net profit

Synopsis:

Kreon Financial Services Ltd surged 5% after Q2 results: Revenue rose 65% YoY to ₹9.78 Cr, and Net Profit soared 1,181% YoY to ₹2.05 Cr.

The shares of the NBFC Penny stock company, specializing in providing a range of tech-enabled financial services and digital lending solutions, primarily in India, jumped upto 5 percent following their results with a 1,181 percent rise in Profit.

With a market capitalization of 75.83 Crores on Friday, the shares of Kreon Finnancial Services Ltd jumped upto 4.5 percent, reaching a high of Rs. 38.99 compared to its previous close of Rs. 37.32.

What Happened

Kreon Finnancial Services Ltd, engaged in providing a range of tech-enabled financial services and digital lending solutions, primarily in India, has announced its Q2 results as fol