Advik Capital Ltd. Reports Q1FY23 Results, PAT jumps 409% QoQ

BSE listed Advik Capital Ltd. (BSE: 539773 has reported a total income of Rs. 109.51 Crore in its financial results forQ1FY23.

This is an increase from Rs. 0.72 Cr (Q1FY22), indicating a 150x jump YoY. PAT also turned positive for the sameperiod, rising from a loss of Rs. 0.11 lakhs (Q1FY22), to a profit of Rs. 92.66 Lakhs (Q1FY23).

The company is registered with Reserve Bank of India, New Delhi and is carrying on the business ofinvesting funds, assisting the financial accommodation by way of loans/advances and undertaking thebusiness of leasing to finance lease operations of all kinds, purchasing, selling, hiring or letting on hire orall kinds of plant and machinery.

The company looks to diversify into personal loans and micro financing segments which offer higherreturns on investments according to a communication from the company.