Ad-Manum Finance Reports 113% Jump in Quarterly Profit, Appoints New CFO
Ad-Manum Finance Limited announced strong Q1 FY2024 results with a 113% increase in net profit to ₹377.80 lakhs. Total income rose to ₹497.82 lakhs, and EPS improved to ₹5.04. The company appointed Mr. Dheeraj Bajoliya as the new CFO. The board approved preparations for the 39th AGM, including the Board Report, Corporate Governance Report, and e-voting arrangements. The company committed to timely submission of financial results and transparency in shareholder communications.
*this image is generated using AI for illustrative purposes only.
Ad-Manum Finance Limited, a financial services company, held a significant board meeting on August 2, making several key decisions that will shape the company's immediate future.
Financial Results
The board of directors approved the unaudited financial results for the quarter ended June 30. Ad-Manum Finance reported:
- Net profit: ₹377.80 lakhs (up 113% from ₹177.34 lakhs year-over-year)
- Total income: ₹497.82 lakhs (up from ₹279.98 lakhs)
- Revenue from operations: ₹319.30 lakhs (up from ₹279.96 lakhs)
- Earnings per share: ₹5.04 (up from ₹2.36)
- Total comprehensive income: ₹552.74 lakhs (up from ₹221.67 lakhs)
The company's income breakdown includes:
- Interest income: ₹315.44 lakhs
- Other income: ₹178.52 lakhs
Segment-wise revenue:
- Finance: ₹315.44 lakhs
- Wind energy generation: ₹3.86 lakhs
Leadership Changes
Ad-Manum Finance appointed Mr. Dheeraj Bajoliya as the new Chief Financial Officer (CFO), strengthening its leadership team.
Annual General Meeting Preparations
The board made decisions regarding the upcoming 39th Annual General Meeting (AGM):
- Approved the Board Report and Corporate Governance Report
- Approved the Notice for the 39th AGM
- Approved the closure of the Register of Members and Share Transfer Books
- Finalized the cut-off date for remote e-voting and e-voting at the AGM
CS Ishan Jain, a Practicing Company Secretary and Proprietor of M/s Ishan Jain & Co., was appointed as the Scrutinizer for conducting the e-voting and poll voting at the AGM.
Transparency and Compliance
Ad-Manum Finance committed to submitting the unaudited standalone financial results in PDF format and Integrated XBRL within the stipulated time. These results will be available on the company's website ( www.admanumfinance.com ) and published in widely circulated English and Hindi newspapers.
Mr. Dharmendra Agrawal, Whole Time Director & CEO, signed the official communication, emphasizing the company's commitment to regulatory compliance and shareholder information.
Further details regarding the 39th AGM, book closure, and the cut-off date for e-voting will be announced in due course.
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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