Akme Fintrade Reports 23.3% Increase in Q2 Net Profit to Rs 10 Crore

Akme Fintrade India, a non-banking finance company, has seen its net profit rise by 23.3% to Rs 10 crore for the quarter ending September 2025. This is an increase from the Rs 8.14 crore profit recorded in the same period last year. The company's total income also grew significantly, reaching Rs 34.88 crore, a 45.2% increase from Rs 24 crore in the previous year.

For the first half of the fiscal year, Akme Fintrade India reported a net profit increase of 17.32%, amounting to Rs 19.65 crore compared to Rs 16.75 crore in the same period last year. This growth is attributed mainly to higher disbursals and an increase in net interest income.

Growth in Loan Demand and New Ventures

The company has experienced a steady demand for vehicle loans, contributing to a 10.98% rise in advances, which now total Rs 677.76 crore. Akme Fintrade's total assets under management (AUM) have grown by 54.80%, reaching Rs 767.46 crore compared to Rs 495.79 crore last year.

Akash Jain, CEO of Akme Fintrade, stated, "We have been witnessing a good growth in demand for loans specially in vehicle segment in the semi-urban and rural markets of the country. We are also excited to announce about entering into gold loan business for which we have received the board approval."

Financial Performance Highlights

The company's gross interest income saw a substantial increase of 54.15%, reaching Rs 63.57 crore during April-September, up from Rs 41.24 crore in the same timeframe last year. This boost reflects the company's strong performance and strategic focus on expanding its loan offerings.

Akme Fintrade India's portfolio includes vehicle finance and business finance products tailored for small business owners, particularly in rural and semi-urban areas. This focus has helped drive their recent financial success and positions them well for future growth.

The company's strategic expansion into gold loans marks a new chapter in its growth story, aiming to capitalise on emerging opportunities within India's diverse financial landscape.

With inputs from PTI