Board Meeting Details

The Board of Directors meeting was held on August 12, 2026, commencing at 04:40 p.m. and concluding at 06:02 p.m. The meeting approved:

1. Unaudited Standalone and Consolidated Financial Results with limited review report for Q1 FY27

2. Grant of 3600 stock options under "Arman-Employee Stock Option Plan 2023"

3. Appointment of Mr. Pushpendrakumar as Head - Internal Audit

Financial Results - Consolidated (₹ in Lakhs)

Income Statement:

  • Total Income: ₹20,181.69 lakhs (Q1 FY27) vs ₹15,100.30 lakhs (Q1 FY26)
  • Profit before tax: ₹5,716.76 lakhs (Q1 FY27) vs (₹1,116.79) lakhs (Q1 FY26)
  • Net tax expense: ₹1,199.62 lakhs (Q1 FY27)
  • Profit for the period: ₹4,517.15 lakhs (Q1 FY27) vs (₹1,458.41) lakhs (Q1 FY26)
  • Total Comprehensive Income: ₹4,451.38 lakhs (Q1 FY27)

Key Metrics:

  • Basic EPS: ₹42.96 (Q1 FY27) vs (₹13.90) (Q1 FY26)
  • Diluted EPS: ₹42.69 (Q1 FY27) vs (₹13.79) (Q1 FY26)
  • Paid-up equity share capital: ₹1,051.48 lakhs (face value ₹10 each)

Revenue Breakdown (Q1 FY27):

  • Interest Income: ₹18,295.53 lakhs
  • Gain on assignment of financial assets: ₹733.90 lakhs
  • Fees and Commission income: ₹968.16 lakhs
  • Net Gain on Fair Value Changes: ₹180.20 lakhs
  • Other Income: ₹3.89 lakhs

Expense Breakdown (Q1 FY27):

  • Finance cost: ₹6,428.00 lakhs
  • Impairment losses on financial assets: ₹1,950.03 lakhs
  • Employees benefits expenses: ₹4,259.72 lakhs
  • Depreciation and amortisation: ₹47.29 lakhs
  • Other expenses: ₹1,779.90 lakhs

Financial Results - Standalone (₹ in Lakhs)

Income Statement:

  • Total Income: ₹6,595.96 lakhs (Q1 FY27) vs ₹5,078.32 lakhs (Q1 FY26)
  • Profit before tax: ₹1,877.47 lakhs (Q1 FY27) vs ₹1,558.16 lakhs (Q1 FY26)
  • Net tax expense: ₹418.38 lakhs (Q1 FY27)
  • Profit for the period: ₹1,459.09 lakhs (Q1 FY27) vs ₹1,244.99 lakhs (Q1 FY26)
  • Total Comprehensive Income: ₹1,549.54 lakhs (Q1 FY27)

Key Metrics:

  • Basic EPS: ₹13.88 (Q1 FY27) vs ₹11.87 (Q1 FY26)
  • Diluted EPS: ₹13.79 (Q1 FY27) vs ₹11.77 (Q1 FY26)
  • Paid-up equity share capital: ₹1,051.48 lakhs (face value ₹10 each)

Revenue Breakdown (Q1 FY27):

  • Interest Income: ₹6,146.12 lakhs
  • Fees and Commission Income: ₹260.92 lakhs
  • Net Gain on Fair Value Changes: ₹180.20 lakhs
  • Other Income: ₹8.71 lakhs

Expense Breakdown (Q1 FY27):

  • Finance cost: ₹1,979.05 lakhs
  • Impairment on Financial Assets: ₹520.74 lakhs
  • Employees benefits expenses: ₹1,543.10 lakhs
  • Depreciation and amortisation: ₹13.21 lakhs
  • Other expenses: ₹662.39 lakhs

ESOP Grant Details

The Board granted 3600 stock options (convertible to 3600 equity shares) to an eligible employee under the "Arman-Employee Stock Option Plan 2023":

  • Exercise price: ₹500 per share
  • Vesting schedule: 10% after 1st year, 20% after 2nd year, 30% after 3rd year, 40% after 4th year
  • Exercise period: Within 2 years from vesting date
  • The scheme is compliant with SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021

Management Appointment

Mr. Pushpendrakumar was appointed as Head - Internal Audit effective August 12, 2026, confirming his interim appointment from June 09, 2026. He has over 16 years of experience in banking, NBFC, and NBFC-MFI sectors.

Auditor Review

M/s. Laxminiwas & Co., Statutory Auditors, conducted a limited review of both standalone and consolidated financial results. Their review report states that nothing has come to their attention that causes them to believe the statements contain any material misstatement.

Subsidiary Information

The consolidated results include wholly-owned subsidiary Namra Finance Limited, whose financial information was reviewed by other auditors and reflects:

  • Total revenues: ₹1,37,71,21,383
  • Net profit after tax: ₹29,61,76,997
  • Total comprehensive income: ₹28,05,54,651

Capital Structure Impact

During the quarter, the company allotted 1000 equity shares pursuant to ESOP scheme-2016 and 840 equity shares pursuant to ESOP scheme-2023.

Financial Ratios (Consolidated)

  • Net worth: ₹97,889.10 lakhs
  • Operating margin: 22.38%
  • Net profit margin: 2.76%
  • Stage III loan assets to Gross loan assets: 0.84%

Financial Ratios (Standalone)

  • Net worth: ₹64,898.36 lakhs
  • Net profit margin: 22.12%
  • Stage III loan assets to Gross loan assets: 3.14%
  • Net Stage III loan assets to Gross loan assets: 0.71%
  • Capital to risk-weighted assets ratio: 33.57%