Q2 FY24 Result
- Asset Under management grew by 60.5% YoY at Rs. 2304 Cr.
- Gross Income grew by 73% YoY at 160 Cr.
- PAT grew by 105% YoY at Rs. 41Cr. From H1 this growth is 126% at 81Cr.
- FY23 PAT was Rs. 93.81 Cr, out of this Arman Finance has already earned Rs. 81 Cr in H1 FY24.
- No of Shares 94.28 Lakhs
- Collection efficiency at 98.2%
o Microfinance segment – 98.3%, PAT is >25% for this segment
o MSME segment – 98.6%, PAT is >25% for this segment
o 2W segment – 96.3%, PAT is >25% for this segment - GNPA at 2.48%
- P/B value is at 5.5 (2369/428) at for Bajaj Finance is 9.
- Capital Adequacy Ratio at 25.57%
Management Commentary:
“The microfinance industry has exhibited remarkable strength in the face of prevailing volatility and geopolitical tensions. The resilience of India’s rural economy has contributed significantly to India’s economic engine.
Company operational in 10 States with 385 branches. 42 branches added in Q2 FY24 and 49 in H1 FY24.
While staying committed to their core strategy of prioritizing asset quality over business volumes, they plan to further expand their presence in new states as an essential and strategic growth lever for the future.
GNPA improved by 99 basis points to 2.48%.
All values in Rs. Lakhs
Disc: Invested
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