Abans Financial Services Limited — Important, 10-02-2025: Sale or disposal

The Board of Directors of Abans Financial Services Limited has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. In standalone results, total income was ₹2,094.63 crore, with a profit after tax of ₹1,407.07 crore, marking a significant recovery from previous losses. Employee benefits expenses slightly decreased, while total expenses amounted to ₹211.65 crore.

In consolidated results, the company reported a total income of ₹1,28,048.79 crore, primarily driven by internal treasury operations. The profit before tax was ₹3,524.98 crore, reflecting robust growth attributed to the agency business segment. The total comprehensive income reached ₹4,020.41 crore, showcasing a strong financial position bolstered by strategic initiatives. The board also approved the voluntary winding up of its wholly-owned subsidiary, Abans Agri Warehousing & Logistics Private Limited, and will seek shareholder approval via postal ballot for related party transactions and changes in director remuneration for the upcoming fiscal year.

Investors should note the positive operational outlook stemming from improved profitability across sectors.