In Short – Srestha Finvest is making a significant move towards sustainability by partnering with Felix. This collaboration aims to enhance eco-friendly financial solutions, reduce carbon footprints, and promote green investments. Together, they are committed to fostering a more sustainable future, demonstrating leadership in environmental responsibility within the financial sector.
In Details – Investment company Srestha Finvest is betting big on renewable energy and sustainability initiatives and has entered into a facility agreement with Felix Industries Ltd. The partnership is a significant step towards advancing renewable energy and sustainability initiatives. By combining our strengths and resources, we aim to provide robust financial support to a diverse range of Renewable Energy and water-related projects, fostering sustainability and marking a significant move towards Green Environment and sustainable projects,” the company said in an exchange filing. The company said that it will fund Rs 250 million for targeting the mission in the next 1-2 years and also expand its footprint in new technology sectors.
Earlier, the micro-cap company announced its Q4 results. According to an exchange filing, the company’s operating revenue in the fourth quarter of FY2024 was Rs 5.63 crore. It was Rs 3.35 crore in the previous quarter and Rs 69 lakh in the Q4 of the last financial year. The company also said that its profit before tax in the fourth quarter of the last financial year was Rs 5.19 crore. It was -46 lakh rupees in the third quarter of FY2024 and -4.59 crore rupees in the fourth quarter of the last financial year. The net profit of Srestha Finvest Limited in the fourth quarter of the financial year 2024 was Rs 5.06 crore.
