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Abans Holdings Limited reports strong Results for Q4 and FY23; Unveils Expansion Plans
Dalal Street Investment Journal
|June 05, 2023
Abans Holdings Limited, a leading diversified financial services company, announced strong financial performance for the fourth quarter (Q4) and fiscal year 2023.
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The company showcased significant growth across various financial metrics, reinforcing its position as a key player in the industry. For FY 2023, company reported net profit of ₹70.3 crore, growth of 14 per cent YoY as compared to the net profit of ₹61.8 crore in FY22. Operating profit during FY23 grew 15 per cent YoY to ₹76 crore. Revenue from operation during FY23 was reported at ₹1,150.97 crore, implying a rise of 80.2 per cent YoY as compared to revenue of ₹638.62 crore in FY22.
Agency income surged by 83 per cent YoY, reaching ₹43 crore in March 2023. EPS for FY23 stood at ₹14.81 per share. The company continues to maintain strong risk management with net NPA remaining at zero. In addition to its strong results, Abans Holdings outlined its strategic expansion plans, aiming to drive future growth and strengthen its leadership position in key areas as under:
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