Arman Financial Services Limited — Investor Meet, 20-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Arman Financial Services Q1 FY26 saw consolidated AUM at INR 2,156 Cr, down YoY due to MFI slowdown. A consolidated loss of INR 15 Cr resulted from elevated MFI credit costs (INR 59 Cr). Non-MFI businesses, however, grew AUM 29% to INR 602 Cr, contributing INR 12 Cr PAT. Asset quality showed MFI GNPA at 3.43% and improving collection efficiency (MFI 0-bucket 98.8%). Management is cautiously optimistic, expecting MFI recovery in H2 FY26. Strategic shifts include separating MFI credit/recovery functions and CGFMU cover for new loans. Future aims for 50-50 MFI/non-MFI AUM, emphasizing long-term stability.