Aryaman Financial Q1 Results: Net profit up 1%, revenue falls 31%
Aryaman Financial Services posted a Q1 net profit of ₹101 million, slightly higher than the ₹100 million reported in the prior year. Revenue, however, dropped sharply to ₹199 million from ₹288 million, indicating a 31% contraction in sales. The stability in profit amidst falling revenue suggests effective cost management or margin preservation during the quarter.
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.