Abans Holdings Limited, a leading diversified financial services company, announced strong financial performance for the fourth quarter (Q4) and fiscal year 2023. The company showcased significant growth across various financial metrics, reinforcing its position as a key player in the industry.
Abans Holdings Limited aims to expand beyond its current holding company status and act as sponsors and investment managers for managing schemes floated by AIFs. It has achieved 83% YoY growth in agency income, expanded into remittance services, and acquired the SATCO Growth and Momentum Portfolio.
These mergers and acquisitions will strengthen the group’s presence and fuel its growth trajectory. Company reported net profit of Rs. 70.3 crore, operating profit of 15%, revenue of Rs. 1,150.97 crore, agency income of 83%, and EPS of Rs. 14.81 per share in FY23. Net NPA remains at Zero. Risk management is strong. Mr. Abhishek Bansal, Managing Director of Abans Group, “As we move forward, our strategic focus on Asset & Wealth Management will further strengthen our position in the industry and deliver long-term value to our stakeholders.”
