| Scrip code | 531179 |
|---|---|
| NSE Symbol | ARMANFIN |
| MSEI Symbol | NOTLISTED |
| ISIN | INE109C01017 |
| Name of company | ARMAN FINANCIAL SERVICES LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 27-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 21-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | FINANCE |
| Start date and time of board meeting | 27-05-2026 16:30:00 |
| End date and time of board meeting | 27-05-2026 17:45:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 15,748.71 | 57,720.28 |
| (ii) | Dividend Income | 0.00 | 0.00 |
| (iii) | Rental Income | 0.00 | 0.00 |
| (iv) | Fees and commission Income | 880.33 | 3,196.29 |
| (v) | Net gain on fair value changes | 140.04 | 691.88 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 |
| (vii) | Sale of products (including Excise Duty) | 0.00 | 0.00 |
| (viii) | Sale of services | 0.00 | 0.00 |
| (ix) | Other revenue from operations | ||
| 1 | Gain on assignment of financial assets | 789.26 | 2,978.05 |
| Total other revenue from operations | 789.26 | 2,978.05 | |
| Total Revenue From Operations | 17,558.34 | 64,586.50 | |
| Other income | 0.00 | 0.07 | |
| Total income | 17,558.34 | 64,586.57 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0.00 | 0.00 | |
| Purchases of stock-in-trade | 0.00 | 0.00 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| Employee benefit expense | 4,147.38 | 15,026.09 | |
| Finance costs | 5,278.49 | 20,541.87 | |
| Depreciation, depletion and amortisation expense | 36.72 | 168.82 | |
| Fees and commission expense | 0.00 | 0.00 | |
| Net loss on fair value changes | 0.00 | 0.00 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 | |
| Impairment on financial instruments | 1,724.75 | 14,825.22 | |
| (f) | Other expenses | ||
| 1 | Electricity & fuel charges | 28.76 | 102.97 |
| 2 | Bank Charges | 12.80 | 53.97 |
| 3 | General Charges | 80.57 | 248.00 |
| 4 | Insurance | 666.06 | 1,525.60 |
| 5 | Rent | 200.46 | 751.12 |
| 6 | Stationery & printing | 36.60 | 92.31 |
| 7 | Rates & Taxes | 17.35 | 79.20 |
| 8 | Travelling - Conveyance & vehicle Maintenance | 493.15 | 1,741.60 |
| 9 | Professional fee | 179.10 | 801.04 |
| 10 | Other Expenses | 447.57 | 892.92 |
| Total other expenses | 2,162.42 | 6,288.73 | |
| Total expenses | 13,349.76 | 56,850.73 | |
| 3 | Total profit before exceptional items and tax | 4,208.58 | 7,735.84 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 4,208.58 | 7,735.84 |
| 7 | Tax expense | ||
| 8 | Current tax | 387.07 | 1,535.07 |
| 9 | Deferred tax | (279.84) | 540.24 |
| 10 | Total tax expenses | 107.23 | 2,075.31 |
| 11 | Net Profit Loss for the period from continuing operations | 4,101.35 | 5,660.53 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 17 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 15 | Total profit (loss) for period | 4,101.35 | 5,660.53 |
| 16 | Other comprehensive income net of taxes | (93.65) | (331.70) |
| 17 | Total Comprehensive Income for the period | 4,007.70 | 5,328.83 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 4,105.21 | 5,664.40 | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 4,011.56 | 5,332.70 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 1,051.29 | 1,051.29 | |
| Face value of equity share capital | 10 | 10 | |
| 21 | Reserves excluding revaluation reserve | 92,281.93 | |
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 39.06 | 53.91 | |
| Diluted earnings per share from continuing operations | 38.82 | 53.57 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | 39.06 | 53.91 | |
| Diluted earnings per share | 38.82 | 53.57 | |
| 23 | Debt equity ratio | 1.900 | 1.900 |
| 24 | Debt service coverage ratio | ||
| 25 | Interest service coverage ratio | ||
| 26 | Disclosure of notes on financial results | ||
| 23 | Debt equity ratio | |
|---|---|---|
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| A | Date of start of reporting period | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited |
| D | Nature of report standalone or consolidated | Consolidated |
| Statement of cash flows | ||
| Cash flows from used in operating activities | ||
| Profit before tax | 7,735.84 | |
| Adjustments for reconcile profit (loss) | ||
| Adjustments for finance costs | 20,541.87 | |
| Adjustments for decrease (increase) in inventories | 0.00 | |
| Adjustments for decrease (increase) in trade receivables, current | 0.00 | |
| Adjustments for decrease (increase) in trade receivables, non-current | (49,560.75) | |
| Adjustments for decrease (increase) in other current assets | 3,804.86 | |
| Adjustments for decrease (increase) in other non-current assets | (233.31) | |
| Adjustments for other financial assets, non-current | 0.00 | |
| Adjustments for other financial assets, current | 0.00 | |
| Adjustments for other bank balances | 2,457.74 | |
| Adjustments for increase (decrease) in trade payables, current | 66.96 | |
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |
| Adjustments for increase (decrease) in other current liabilities | (3,663.76) | |
| Adjustments for increase (decrease) in other non-current liabilities | 77.22 | |
| Adjustments for depreciation and amortisation expense | 168.82 | |
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | (3,906.63) | |
| Adjustments for provisions, current | 0.00 | |
| Adjustments for provisions, non-current | 251.50 | |
| Adjustments for other financial liabilities, current | 0.00 | |
| Adjustments for other financial liabilities, non-current | 0.00 | |
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |
| Adjustments for dividend income | 0.00 | |
| Adjustments for interest income | 57,720.28 | |
| Adjustments for share-based payments | 457.68 | |
| Adjustments for fair value losses (gains) | 0.00 | |
| Adjustments for undistributed profits of associates | 0.00 | |
| Other adjustments for which cash effects are investing or financing cash flow | (691.95) | |
| Other adjustments to reconcile profit (loss) | 0.00 | |
| Other adjustments for non-cash items | (2,934.90) | |
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Total adjustments for reconcile profit (loss) | (90,884.93) | |
| Net cash flows from (used in) operations | (83,149.09) | |
| Dividends received | 0.00 | |
| Interest paid | 20,571.94 | |
| Interest received | 58,451.79 | |
| Income taxes paid (refund) | 2,370.98 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) operating activities | (47,640.22) | |
| Cash flows from used in investing activities | ||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |
| Other cash receipts from sales of equity or debt instruments of other entities | 1,72,219.87 | |
| Other cash payments to acquire equity or debt instruments of other entities | 1,76,876.98 | |
| Other cash receipts from sales of interests in joint ventures | 0.00 | |
| Other cash payments to acquire interests in joint ventures | 0.00 | |
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Proceeds from sales of property, plant and equipment | 0.10 | |
| Purchase of property, plant and equipment | 311.00 | |
| Proceeds from sales of investment property | 0.00 | |
| Purchase of investment property | 0.00 | |
| Proceeds from sales of intangible assets | 0.00 | |
| Purchase of intangible assets | 0.00 | |
| Proceeds from sales of intangible assets under development | 0.00 | |
| Purchase of intangible assets under development | 0.00 | |
| Proceeds from sales of goodwill | 0.00 | |
| Purchase of goodwill | 0.00 | |
| Proceeds from biological assets other than bearer plants | 0.00 | |
| Purchase of biological assets other than bearer plants | 0.00 | |
| Proceeds from government grants | 0.00 | |
| Proceeds from sales of other long-term assets | 0.00 | |
| Purchase of other long-term assets | 0.00 | |
| Cash advances and loans made to other parties | 0.00 | |
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Dividends received | 0.00 | |
| Interest received | 0.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) investing activities | (4,968.01) | |
| Cash flows from used in financing activities | ||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |
| Payments from changes in ownership interests in subsidiaries | 0.00 | |
| Proceeds from issuing shares | 105.39 | |
| Proceeds from issuing other equity instruments | 0.00 | |
| Payments to acquire or redeem entity's shares | 0.00 | |
| Payments of other equity instruments | 0.00 | |
| Proceeds from exercise of stock options | 0.00 | |
| Proceeds from issuing debentures notes bonds etc | 0.00 | |
| Proceeds from borrowings | 1,38,840.07 | |
| Repayments of borrowings | 84,306.72 | |
| Payments of lease liabilities | 27.22 | |
| Dividends paid | 0.00 | |
| Interest paid | 0.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) financing activities | 54,611.52 | |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 2,003.29 | |
| Effect of exchange rate changes on cash and cash equivalents | ||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |
| Net increase (decrease) in cash and cash equivalents | 2,003.29 | |
| Cash and cash equivalents cash flow statement at beginning of period | 6,775.03 | |
| Cash and cash equivalents cash flow statement at end of period | 8,778.32 | |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 31-03-2026 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Finanical Asset | ||
| Cash and cash equivalents | 8,778.32 | ||
| Bank Balance other than (a) above | 31,109.22 | ||
| Derivative financial instruments | 0.00 | ||
| Receivables | |||
| (I) Trade Receivables | 0.00 | ||
| (II) Other Receivables | 0.00 | ||
| Loans | 2,21,347.39 | ||
| Investments | 9,246.14 | ||
| Other Financial assets | |||
| 1 | Interest Due but not Received on Loans and Advances | 891.60 | |
| 2 | Interest Accrued but not due on Bank Deposits | 953.00 | |
| 3 | Deposits | 51.48 | |
| 4 | Income Receivable from Direct Assignment | 1,407.07 | |
| 5 | Insurance Claim Receivable | 18.01 | |
| 6 | Other Advances | 59.55 | |
| 7 | Less: Interest Due but not Received on Loans and Advances | (781.81) | |
| Total of Other Financial assets | 2,598.90 | ||
| Total Financial Assets | 2,73,079.97 | ||
| 2 | Non Financial Asset | ||
| Inventories | 0.00 | ||
| Current tax assets (Net) | 633.63 | ||
| Deferred tax Assets (Net) | 2,167.39 | ||
| Investment Property | 0.00 | ||
| Biological assets other than bearer plants | 0.00 | ||
| Property, Plant and Equipment | 2,943.52 | ||
| Capital work-in-progress | 256.14 | ||
| Intangible assets under development | |||
| Goodwill | 0.00 | ||
| Other Intangible assets | 218.44 | ||
| Other non-financial assets | |||
| 1 | Prepaid Expenses | 170.89 | |
| 2 | Balance with Government Authorities | 228.34 | |
| 3 | Advances to staff | 36.49 | |
| 4 | Advance to Suppliers | 46.21 | |
| Total of Other non-financial assets | 481.93 | ||
| Total Non Financial Assets | 6,701.05 | ||
| Total assets | 2,79,781.02 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 1,051.29 | ||
| Other equity | 92,281.93 | ||
| Total equity attributable to owners of parent | 93,333.22 | ||
| Non controlling interest | |||
| Total equity | 93,333.22 | ||
| 2 | Liabilities | ||
| 2.1 | Financial Liabilities | ||
| (a) | Derivative financial instruments | ||
| (b) | Payables | ||
| (I)Trade Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 26.81 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 164.35 | ||
| II) Other Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | |||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | |||
| (C ) | Debt Securities | 84,426.17 | |
| (d) | Borrowings (Other than Debt Securities) | 92,146.08 | |
| (e) | Deposits | 0.00 | |
| (f) | Subordinated Liabilities | 1,000.00 | |
| Other financial liabilities | |||
| 1 | Interest accrued but not due on Borrowings | 1,188.48 | |
| 2 | Salary & wages payable | 299.96 | |
| 3 | Security deposits received from Borrowers | 27.15 | |
| 4 | Micro Insurance Payable | 479.05 | |
| 5 | Hospicash Insurance Payable | 381.51 | |
| 6 | Other Insurance Payable | 172.19 | |
| 7 | CSR Payable | 14.10 | |
| 8 | Other Expenses Payable | 334.49 | |
| 9 | Unpaid dividend | 2.37 | |
| 10 | Dues to the assignees towards collections from assigned receivables | 4,627.21 | |
| 11 | Payable toward ARC transaction | 0.00 | |
| 12 | Lease Liability - Right of Use Assets | 244.59 | |
| Total of Other financial liabilities | 7,771.10 | ||
| Total Financial Liabilities | 1,85,534.51 | ||
| 2.2 | Non-Financial Liabilities | ||
| (a) | Current tax liabilities (Net) | 573.24 | |
| (b) | Provisions | 0.00 | |
| (C ) | Deferred tax liabilities (Net) | 0.00 | |
| Other non-financial liabilities | |||
| 1 | Other statutory dues | 138.83 | |
| 2 | TDS payable | 201.22 | |
| Total of Other non-financial liabilities | 340.05 | ||
| Total Non Financial Liabilities | 913.29 | ||
| Total liabilities | 1,86,447.80 | ||
| Total equity and liabilites | 2,79,781.02 | ||
| Disclosure of notes on assets and liabilities | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| Whether results are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| Total Segment Revenue | |||
| Less: Inter segment revenue | |||
| Revenue from operations | |||
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| Total Profit before tax | |||
| i. Finance cost | |||
| ii. Other Unallocable Expenditure net off Unallocable income | |||
| Profit before tax | |||
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| Total Segment Asset | |||
| Un-allocable Assets | |||
| Net Segment Asset | |||
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| Total Segment Liabilities | |||
| Un-allocable Liabilities | |||
| Net Segment Liabilities | |||
| Disclosure of notes on segments | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement of Defined Benefit Obligations | 3214000 | 4315000 |
| Total Amount of items that will not be reclassified to profit and loss | 3214000 | 4315000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 8.09 | 10.86 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Fair valuation gain / (loss) on financial instruments measured at FVOCI | -15728000 | -48641000 |
| Total Amount of items that will be reclassified to profit and loss | -15728000 | -48641000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (39.58) | (122.42) |
| 5 | Total Other comprehensive income | (93.65) | (331.70) |
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | Laxminiwas & Co | Yes | 31-07-2027 | ||
|---|---|---|---|---|---|