AD-Manum Finance Appoints New CFO and Reports Strong Q1 Results
AD-Manum Finance Limited has appointed Mr. Dheeraj Bajoliya as its new CFO, effective August 2. The company also reported impressive Q1 financial results with total income increasing by 77.80% to ₹497.82 lakh, profit before tax rising by 89.89% to ₹450.68 lakh, and net profit growing by 113.04% to ₹377.80 lakh. Earnings per share more than doubled from ₹2.36 to ₹5.04. The finance segment remains the primary revenue driver, generating ₹315.44 lakh, while the wind energy generation segment contributed ₹3.86 lakh.
*this image is generated using AI for illustrative purposes only.
Ad-Manum Finance Limited, a prominent player in the financial services sector, has made a significant leadership change and reported robust financial performance for the first quarter.
New CFO Appointment
The company has appointed Mr. Dheeraj Bajoliya as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 2. The Board of Directors approved this appointment based on recommendations from the Audit Committee and Nomination and Remuneration Committee.
Mr. Bajoliya brings approximately 9 years of experience in finance, accounting, taxation, and auditing to his new role. He is a commerce graduate and is currently pursuing an MBA, which should provide him with a strong foundation to guide AD-Manum's financial strategy.
Q1 Financial Highlights
AD-Manum Finance also released its unaudited financial results for the quarter ended June 30, showcasing impressive growth:
| Particulars (₹ in Lakhs) | Q1 Current | Q1 Previous | YoY Growth |
|---|---|---|---|
| Total Income | 497.82 | 279.98 | 77.80% |
| Profit Before Tax | 450.68 | 237.34 | 89.89% |
| Profit After Tax | 377.80 | 177.34 | 113.04% |
| Earnings Per Share (₹) | 5.04 | 2.36 | 113.56% |
The company's performance shows significant year-over-year growth:
- Total income surged by 77.80% to ₹497.82 lakh, primarily driven by increased interest income and other income.
- Profit before tax nearly doubled, rising by 89.89% to ₹450.68 lakh.
- Net profit saw an impressive growth of 113.04%, reaching ₹377.80 lakh.
- Earnings per share (EPS) more than doubled from ₹2.36 to ₹5.04.
Segment Performance
AD-Manum Finance operates in two segments:
- Finance: This segment generated revenue of ₹315.44 lakh, contributing significantly to the company's top line.
- Wind Energy Generation: Although smaller, this segment added ₹3.86 lakh to the revenue.
The finance segment remains the primary driver of the company's performance, aligning with its core business model.
Management Commentary
While specific management comments were not provided, the strong financial results suggest that AD-Manum Finance's strategies are yielding positive outcomes. The appointment of Mr. Dheeraj Bajoliya as CFO is likely aimed at further strengthening the company's financial management and supporting its growth trajectory.
As AD-Manum Finance continues to navigate the dynamic financial services landscape, investors and stakeholders will be keen to see how the new CFO contributes to the company's financial strategy and performance in the coming quarters.
Historical Stock Returns for Ad-Manum Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.95% | -2.84% | -4.28% | +3.58% | -50.70% | +368.97% |
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