Join our Whatsapp channel
Abans Holdings has announced its financial results for the quarter and nine months ended 31st December 2024, showcasing strong performance across key business segments. The company’s agency business recorded impressive revenue growth and profitability, reflecting its strategic expansion and operational efficiency.
The agency business experienced a significant surge in revenue, demonstrating strong market demand and the company’s continued momentum:
- Q3 FY24-25 Revenue: ₹4,682.88 lakhs, marking a 37% increase from ₹3,419.32 lakhs in Q2 FY24-25 and a 71.3% rise from ₹2,733.70 lakhs in Q3 FY23-24.
- 9M FY24-25 Revenue: ₹11,512.80 lakhs, reflecting a 61.4% increase compared to ₹7,134.51 lakhs in 9M FY23-24.
The Earnings Before Interest and Taxes (EBIT) for the agency business exhibited remarkable growth, underlining the company’s strong profitability:
- Q3 FY24-25 EBIT: ₹2,995.91 lakhs, reflecting a 43.4% increase from ₹2,089.57 lakhs in Q2 FY24-25 and an 84.9% rise from ₹1,620.63 lakhs in Q3 FY23-24.
- 9M FY24-25 EBIT: ₹7,260.87 lakhs, registering a 62.5% growth from ₹4,468.36 lakhs in 9M FY23-24.
Abans Financial Services Ltd., a subsidiary of Abans Holdings, also reported a strong performance in its profit before tax (PBT):
- Q3 FY24-25 PBT: ₹3,524.98 lakhs, indicating a 36.4% growth compared to ₹2,584.33 lakhs in Q3 FY23-24.
- 9M FY24-25 PBT: ₹9,925.36 lakhs, showing a 32.7% increase from ₹7,476.76 lakhs in 9M FY23-24.
The company’s outstanding financial results underscore its strategic growth initiatives and operational resilience. With sustained momentum in revenue and profitability, Abans Holdings is well-positioned for continued expansion in the financial services sector.
The company remains committed to strengthening its agency business, enhancing profitability, and capitalising on emerging opportunities to drive long-term value for stakeholders.
