Arman Financial Service Ltd is an RBI-registered category ‘A’ Non-Banking Finance Company. They provide loans to the unorganized sector residing in rural and semi-rural locales across six states with 170 branches that cater to about 3.73 lakh customers.
Headquartered in Ahmedabad, Gujarat. Arman and its subsidiary provide three financial services, Two-Wheeler Finance, Group-Based Microfinance, and Micro-Enterprise (MSME) Loans.
Mr. Jayendra Patel is the MD & CEO and his son Mr. Aalok Patel has been appointed as joint Managing director wef Aug 2019.
Financial Results:
Arman Financial Services Ltd reported Revenues for Q1FY24 of ₹150.00 Crores up from ₹79.00 Crore year on year, a rise of 89.87%.
Total Expenses for Q1FY24 of ₹99.00 Crores up from ₹59.00 Crores year on year, a rise of 67.8%.
Consolidated Net Profit of ₹40.00 Crores up 150.0% from ₹16.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹47.02, up 154.16% from ₹18.50 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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