Upper circuit alert: This small-cap NBFC reports an impressive 122 per cent jump in net profit; hits fresh 52-week high!

Shares of the company grew by more than 30 per cent in the last one month.

Shares of Arman Financial Services Limited were locked in the upper circuit on Wednesday, gaining 20.00 per cent. In the last five trading sessions, the stock has gained about 22 per cent. On Wednesday, the stock also made a fresh 52-week high at Rs 1,895.15.  

The company posted strong Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 144.06 crore which grew by 106.22 per cent YoY. The operating profit of the company stood at Rs 112.45 crore growing by 139.48 per cent YoY, while the PAT of the company stood at Rs 36.20 crore, with an increase of 122.35 per cent.   

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 1684.95, with a high and low of Rs 1895.15 and Rs 1653.85. The stock closed trading at Rs 1895.15, up by 20.00 per cent. The stock has a 52-week high of Rs 1,895.15 and a 52-week low of Rs 971.65. The company has a ROCE of 12.8 per cent and an ROE of 15.9 per cent with a market capitalisation of Rs 1,614 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 investors should keep a close eye on this stock.

DSIJ offers a product ' Flash News Investment' with recommendations for Profit-making Ideas for You (Weekly) based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the product details pdf here download the product details pdf here