Arohan Financial Services Limited (Arohan) is a non-banking financial company (NBFC) headquartered in Kolkata, India. The company was incorporated in 2006 and started operations in 2008 with the objective of providing financial services to the underbanked and underserved population in India. Arohan focuses on providing microfinance loans to low-income individuals and microenterprises in rural and semi-urban areas.
Over the years, Arohan has expanded its operations and today, it has a presence in 16 states in India, serving over 2 million customers through a network of 648 branches. The company's business model is based on a joint liability group (JLG) lending model, where a group of borrowers jointly take a loan, and each member of the group is responsible for the repayment of the loan. Arohan also offers individual loans and loans to microenterprises.
Arohan Financial Services Limited recently released its Q3FY23 results, which showed a decrease in revenue and an increase in net profit. The total revenue for Q3FY23 was INR 241.95 Cr, a decrease of INR 37.26 Cr from the previous quarter. The company's revenue for 9MFY23 was INR 767.88 Cr, compared to INR 698.33 Cr for the same period last year. The decrease in revenue in Q3FY23 was due to a decrease in the interest income and fee income.
The company's total expenses for Q3FY23 were INR 231.16 Cr, a decrease of INR 28.65 Cr from the previous quarter. The decrease in expenses was primarily due to a reduction in finance costs and impairment of financial instruments. However, employee benefits and other expenses increased in Q3FY23. The company's net profit for Q3FY23 was INR 8.79 Cr, compared to INR 16.97 Cr in the previous quarter. The company's net profit for 9MFY23 was INR 49.09 Cr, compared to INR 46.59 Cr for the same period last year.
The earnings per share (EPS) for Q3FY23 was INR 1.41, a decrease of 47.5% compared to the previous quarter. The company's EPS for 9MFY23 was INR 4.15, compared to INR 3.97 for the same period last year. The company's net worth for Q3FY23 was INR 1061.28 Cr, compared to INR 1070.07 Cr in the previous quarter.
Overall, the Q3FY23 results show a mixed performance for Arohan Financial Services Limited. The decrease in revenue was primarily due to a decrease in interest income and fee income. However, the decrease in expenses was mainly due to a reduction in finance costs and an impairment in financial instruments. The increase in net profit was due to the reduction in expenses. The decrease in EPS was mainly due to the decrease in revenue. The company's net worth remained stable.
Arohan Financial Services Limited Share Price:
Arohan Financial Services Limited is currently an unlisted company, and its shares are traded in the unlisted market of India. The current share price of Arohan Financial Services Limited is around INR 170 per share in the unlisted market of India. As an unlisted company, the share price of Arohan Financial Services Limited is not publicly available and is mainly traded among private investors.