Abans Financial Services Limited

828 crore

sset management and investment advisory services. Our assets under management have increased from 828 crore in FY21 to Rs. 2,100 crores in the first half of financial year 2024. Finance business focuses on

Rs. 2,100 crore

nvestment advisory services. Our assets under management have increased from 828 crore in FY21 to Rs. 2,100 crores in the first half of financial year 2024. Finance business focuses on lending, catering to indiv

359 crore

s for Q2 and the first half of financial year 24. In quarter 2, our consolidated revenues reached 359 crores, marking a 43% year-on-year growth. EBITDA for the quarter was 33 crores or 94% year-on-year inc

43%

half of financial year 24. In quarter 2, our consolidated revenues reached 359 crores, marking a 43% year-on-year growth. EBITDA for the quarter was 33 crores or 94% year-on-year increase with EBITD

33 crore

idated revenues reached 359 crores, marking a 43% year-on-year growth. EBITDA for the quarter was 33 crores or 94% year-on-year increase with EBITDA margins at 9.19%, net profit stood at 23 crores reflect

94%

es reached 359 crores, marking a 43% year-on-year growth. EBITDA for the quarter was 33 crores or 94% year-on-year increase with EBITDA margins at 9.19%, net profit stood at 23 crores reflecting a 21

9.19%

growth. EBITDA for the quarter was 33 crores or 94% year-on-year increase with EBITDA margins at 9.19%, net profit stood at 23 crores reflecting a 21% year-on-year growth. For the first half of FY24

23 crore

rter was 33 crores or 94% year-on-year increase with EBITDA margins at 9.19%, net profit stood at 23 crores reflecting a 21% year-on-year growth. For the first half of FY24 consolidated revenues were at 6

21%

4% year-on-year increase with EBITDA margins at 9.19%, net profit stood at 23 crores reflecting a 21% year-on-year growth. For the first half of FY24 consolidated revenues were at 611 crores, showing

611 crore

es reflecting a 21% year-on-year growth. For the first half of FY24 consolidated revenues were at 611 crores, showing an 89% year-on- year increase. EBITDA has doubled to 66 crores with EBITDA margins at 10

89%

r-on-year growth. For the first half of FY24 consolidated revenues were at 611 crores, showing an 89% year-on- year increase. EBITDA has doubled to 66 crores with EBITDA margins at 10.8% for the half

66 crore

olidated revenues were at 611 crores, showing an 89% year-on- year increase. EBITDA has doubled to 66 crores with EBITDA margins at 10.8% for the half year. Net profit for half year was at 44 crores or 33%

“The business is yet in its very initial stages because we got licensed only last year and we are setting up the technology infrastructure and the requisite human capital to scale this business to requisite level, but obviously the remittance business is doing it's business with the captive customer base that ABANS Holdings has, but we intend and we have the intent to take this business to huge heights and scale this business coming forward.”

Moderator

5

Management

4

Krupesh Shah

3

Anuj Sonpal

1

Abhishek Bansal

1

Nirbhay Vassa

1

Sahil Jain

1

Anuj Sonpal

Thank you. Good evening, everyone and very warm welcome to you all. My name is Anuj Sonpal from Valorem Advisors. We represent the Investor relations of Abans Holding Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings call for the second quarter and first half of financial year 2024. Before we begin, let me mention a short cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management beliefs as well as assumptions made by an information currently available to management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decision. The purpose of today's earnings call is probably to educate and bring awareness about the company's fundamental b

Abhishek Bansal

Thank you so much Anuj. Good afternoon, everyone. I appreciate your presence on our inaugural earnings call. Before delving into the Q2 financials and operational performance, I would like to provide a concise overview for those new to Abans Holdings Limited. ABANS Holdings is a diversified financial services company engaged in institutional brokering, asset management, financial lending, treasury operations and remittance services. With a global footprint spanning India, United Kingdom, Dubai, Shanghai, Hong Kong and Mauritius we are evolved from a commodity trading firm into a multi asset, multinational financial services entity. Our financial services businesses are segmented into agency, finance and capital operations. Agency business encompasses multi asset global institutional trading, private client broking, asset management and investment advisory services. Our assets under management have increased from 828 crore in FY21 to Rs. 2,100 crores in the first half of financial year

Nirbhay Vassa

Thank you, Abhishek. Good afternoon, everyone. Welcome to the earnings call. Here are some of the financial highlights for Q2 and the first half of financial year 24. In quarter 2, our consolidated revenues reached 359 crores, marking a 43% year-on-year growth. EBITDA for the quarter was 33 crores or 94% year-on-year increase with EBITDA margins at 9.19%, net profit stood at 23 crores reflecting a 21% year-on-year growth. For the first half of FY24 consolidated revenues were at 611 crores, showing an 89% year-on- year increase. EBITDA has doubled to 66 crores with EBITDA margins at 10.8% for the half year. Net profit for half year was at 44 crores or 33% year-on-year increase and PAT margins at approximately 7%. Operationally, we've secured board approval to expand as an asset management company applying for an AMC license which is pending for regulatory approvals. Abans Finance Private Limited, which is our systematically important NBFC a step down subsidiary of AHL awaits regulatory