The Company's present business operations are preponderantly that of Loans & Advances, future of which largely depends upon financial and capital markets. The income from the advances/lending business is steadily growing, contributing significant volume to the overall business of the Company. The Management is optimistic, expects to maintain its performance in FY2015 and hopes to grow at a rate faster than the growth of bank credit. The approach would be to continue the growth momentum while balancing risk. As before, it will continue to invest in strengthening risk management practices; and in maintaining its investment in technology and human resources to consolidate its position as a leading NBFC in India.
During the year under review, the interest income from loans granted was Rs.63.56Lacs as against Rs. 62.76lacs for the previous year. The marginal increase in revenues is on account of higher realization of Trade Receivables / earnings of interest on finances made by it. The operations of the Company have resulted in Profit After Tax of Rs17.17Lacs as against Rs. 13.98lacs in the previous year, which is on account of the higher employee benefit expenses and other expenses.
During the year under review, the interest income from loans granted was Rs.63.56Lacs as against Rs.62.76lacs for the previous year. The marginal increase in revenues is on account of higher realization of Trade Receivables / earnings of interest on finances made by it. The operations of the Company have resulted in Profit After Tax of Rs17.17 Lacs as against Rs. 13.98 lacs in the previous year, which is on account of the higher employee benefit expenses and other expenses.
Golechha Global Finance Limited