Non-Banking Financial Company (NBFC) Baid Finserv has reported stellar numbers in the April-June quarter of the financial year 2022-23 and also declared 5 per cent dividend per share. The company's quarterly net profit in the first quarter came in at Rs 5.61 crore, showing an increase of 131 per cent year-on-year basis. The company posted a net profit of Rs 2.66 crore for the period ended March 31, 2023.

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The firm has reported a total income of Rs 18.30 crore during the period ended June 30, 2023, up 33 per cent from Rs 13.7 crore in the same quarter of the previous financial year. The revenue on March 2023 quarter stood at Rs 15.11 crore, the company said in an exchange filing.

The loan demand remained strong across product categories in the quarter. Asset quality remained stable, as the NBFC experienced healthy collection efficiencies during the quarter. Earnings before interest, taxes, depreciation, and amortization (EBITDA) of the company in the quarter under review stood at Rs 12.90 crore, up 73 per cent YoY.

Incorporated in 1991, Baid Finserv is a financial services company. The small-cap stock has a market cap of Rs 494 crore.

The company's board has declared a 5 per cent dividend per share to its shareholders. The 5 per cent dividend translates into Rs 0.10 per equity share having a face value of Rs 2 each. 

According to an exchange filing, the record date for ascertaining the eligibility of shareholders to whom the dividend will be paid is August 31.

The NBFC major is one of the multibagger stocks in 2023. According to exchange data, the NBFC company's shares have delivered a return of 108 per cent in 2023 so far as against nearly 8 per cent return generated by benchmark Sensex. The stock has delivered a return of more than 950 per cent in two years.