Aryaman Financial Services Reports Mixed Q1 Results
By ScanX News Team
Aryaman Financial Services Limited (AFSL) announced unaudited Q1 results. Standalone revenue decreased to Rs 348.09 lakhs from Rs 1,170.30 lakhs, with net profit at Rs 133.76 lakhs. Consolidated revenue fell 27% to Rs 2,878.92 lakhs. Despite revenue decline, consolidated profit before tax increased to Rs 1,513.19 lakhs from Rs 1,258.95 lakhs. The company's income streams include fees and commission, stock sales, and investment and dividend income.
*this image is generated using AI for illustrative purposes only.
Aryaman Financial Services Limited (AFSL) has announced its unaudited financial results for the first quarter, revealing a mixed performance across its standalone and consolidated operations.
Standalone Performance
On a standalone basis, AFSL reported a significant decrease in revenue from operations, which stood at Rs 348.09 lakhs, down from Rs 1,170.30 lakhs in the previous quarter. Despite the revenue decline, the company managed to post a net profit of Rs 133.76 lakhs, although this was lower than the Rs 361.17 lakhs recorded in the prior quarter.
Consolidated Results
The consolidated financial results, which include the performance of AFSL's three subsidiaries - Aryaman Capital Markets Limited, Escorp Asset Management Limited, and Aryaman Finance (India) Limited - painted a broader picture of the company's operations.
Total revenue from operations on a consolidated basis was Rs 2,878.92 lakhs, compared to Rs 3,945.33 lakhs in the previous quarter. This represents a quarter-on-quarter decrease of approximately 27%.
Financial Highlights
| Particulars (Consolidated) | Q1 (Rs. in Lakhs) | Q4 (Rs. in Lakhs) |
|---|---|---|
| Revenue from Operations | 2,878.92 | 3,945.33 |
| Total Income | 3,003.75 | 4,172.85 |
| Total Expenses | 1,490.56 | 2,913.90 |
| Profit Before Tax | 1,513.19 | 1,258.95 |
| Net Profit | 782.43 | 859.20 |
Segment Performance
The company's revenue streams showed varied performance:
- Fees and Commission Income: Rs 269.95 lakhs
- Income from Sales of Stock in Trade: Rs 207.75 lakhs
- Investment & Dividend Income: Rs 1,398.20 lakhs
Board Meeting and Approval
The financial results were reviewed by the audit committee and subsequently approved by the Board of Directors in their meeting. The board meeting commenced at 3:00 PM and concluded at 4:20 PM.
About Aryaman Financial Services Limited
Aryaman Financial Services Limited operates in the financial services segment, offering a range of services through its parent company and subsidiaries. The company continues to navigate the dynamic financial landscape, adapting to market conditions as reflected in its Q1 performance.
Investors and stakeholders can access the detailed financial results on the company's website at http://afsl.co.in/investor-relation.html .
Note: All figures are based on the unaudited financial results for the quarter as reported by Aryaman Financial Services Limited.
Historical Stock Returns for Aryaman Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.37% | +16.52% | +14.86% | +77.96% | +142.04% | +1,614.17% |
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