150 per cent jump in net profit: Mukul Agarwal’s portfolio stock reports impressive quarterly results; stock gained over 400 per cent!

Shares of the company grew by more than 60 per cent in the last six months.

Arman Financial Service Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). The company posted strong Quarterly Results. The revenue of the company stood at Rs 141.21 crore which grew by 78.97 per cent YoY. The operating profit of the company stood at Rs 114.09 crore growing by 133.51 per cent YoY, while the PAT of the company stood at Rs 39.94 crore, with an increase of 154.14 per cent.

The company is currently exploring opportunities to expand its operations to new geographies and diversify its revenue streams. It plans to open 50-70 branches for microfinance and MSME this year.

Arman Financial Service Limited is an RBI-registered category ‘A’ Non-Banking Finance Company. The company provides loans to the unorganized sector residing in rural and semi-rural locales across six states with 170 branches that cater to about 3.73 lakh customers.

Today, the stock opened at Rs 2362.15, with a high and low of Rs 2450.70 and Rs 2362.15. The stock is currently trading at Rs 2398.05, up by 1.26 per cent. The stock has a 52-week high of Rs 2540.30 and a 52-week low of Rs 1189.45. The company has a ROCE of 18.7 per cent and an ROE of 32.4 per cent with a market capitalisation of Rs 2,040 crore. 

Overall, the financial performance of the company showed exceptional growth and also demonstrated improvement in profit margins, indicating better operational efficiency. The stock has shown tremendous growth, and delivered multibagger returns of over 450 per cent in the last five years.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.