Arman Financial Services Ltd Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2015
January 02, 2016 at 05:00 am EST
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Arman Financial Services Ltd. announced unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the standalone company reported net sales of INR 40.984 million compared with INR 35.246 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 24.428 million compared with INR 22.225 million for the same period a year ago. Profit from ordinary activities before tax was INR 10.814 million compared with INR 8.833 million for the same period a year ago. Net profit was INR 6.837 million or INR 0.99 per basic and diluted share before and after extraordinary items compared with INR 6.307 million or INR 0.91 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the six months, the standalone company reported net sales of INR 81.216 million compared with INR 71.188 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 50.598 million compared with INR 46.595 million for the same period a year ago. Profit from ordinary activities before tax was INR 23.732 million compared with INR 22.088 million for the same period a year ago. Net profit was INR 15.577 million or INR 2.25 per basic and diluted share before and after extraordinary items compared with INR 15.146 million or INR 2.19 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the quarter, the consolidated company reported net sales of INR 96.049 million compared with INR 68.397 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 66.146 million compared with INR 44.754 million for the same period a year ago. Profit from ordinary activities before tax was INR 30.719 million compared with INR 21.846 million for the same period a year ago. Net profit was INR 20.277 million or INR 2.93 per basic and diluted share before and after extraordinary items compared with INR 14.704 million or INR 2.12 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the six months, the consolidated company reported net sales of INR 184.725 million compared with INR 135.265 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 129.561 million compared with INR 92.769 million for the same period a year ago. Profit from ordinary activities before tax was INR 61.218 million compared with INR 47.398 million for the same period a year ago. Net profit was INR 40.678 million or INR 5.87 per basic and diluted share before and after extraordinary items compared with INR 31.814 million or INR 4.59 per basic and diluted share before and after extraordinary items for the same period a year ago.
Arman Financial Services Limited is an India-based holding company. The Company is a non-banking finance company (NBFC). The Company operates through the Financing segment. The Company provides lending services primarily in the two-wheeler, micro-enterprise (MSME), and microfinance segments. It provides finance for all models of motorcycles, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha, & Royal Enfield. It operates serves niche rural markets in Gujarat, Madhya Pradesh, Uttar Pradesh, Maharashtra, Uttarakhand, Rajasthan, Haryana, and Bihar through a distribution network of 336 branches, 55+ two-wheeler dealerships spread across 120 districts in eight states serving 6.2 lakh customers. It also focuses on small ticket retail loans to the large underserved informal segment customer in rural and semi urban geographies. The Microfinance division is operated through its wholly owned subsidiary, Namra Finance Ltd.
Arman Financial Services Ltd Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2015