Fintech unicorn InCred Finance doubles profit to Rs 298 crore in 9MFY24

Fintech unicorn InCred Finance has more than doubled its profit to Rs 298 crore for the first nine months of financial year 2024 (9MFY24), compared to Rs 129 crore in 9MFY23.

The company saw its revenue expand by 51 per cent, from Rs 615 crore to Rs 929 crore during the same period.

InCred Finance, a non-banking financial company (NBFC), said its loan portfolio is spread across segments such as consumer loans, education loans, and small and medium enterprise (SME) lending.