Navi Finserv’s Q1 FY24 Performance: Revenue Steady, Profit Declines

  • Navi Finserv posts a Q1 FY24 revenue of Rs 438.7 crore, largely from interest income, while profit suffers a decrease.
  • The company’s non-operating income fell 97% to Rs 1.56 crore; total loan book stands at Rs 6,444 crore.
  • Amid financial adjustments, Navi aims to raise funds via issue of non-convertible debentures, cuts workforce, and initiates a subsidiary sale.
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