Abans Holdings Limited reported strong financial performance for the fourth quarter and fiscal year 2023, showing significant growth across various financial metrics, reinforcing its position as a key player in the industry.Abans Holdings Limited reported a net profit of Rs. 70.3 crore in 2023, a 14% increase from the previous year.
Operating profit grew 15% to Rs. 76 crore, and revenue from operation was Rs. 1,150.97 crore. Agency income increased 83% to Rs 43 crore, and EPS was Rs. 14.81 per share. 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 acquisitions will strengthen the group’s presence and fuel its growth trajectory. 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.”