Arohan Financial Services Q4 net rises 377% to Rs 103.16 cr

Kolkata: Microlender Arohan Financial Services on Friday said its net profit jumped by a whopping 377 per cent to Rs 103.16 crore in the fourth quarter of the 2023-24 fiscal.

The company posted a net profit of Rs 21.62 crore in the year-ago period.

The gross loan portfolio of the microfinance institution (MFI) surpassed Rs 7,112 crore, with zero net NPA, a company statement said.

The net profit of Arohan stood at Rs 313.82 crore in the 2023-24 fiscal (FY'24), as compared to Rs 71 crore in the previous year.

In the January-March quarter of FY'24, the revenue of the MFI touched Rs 435.56 crore, registering a growth of 38.47 per cent over Rs 314.56 crore in the corresponding period of the previous fiscal.

The company operates in 16 states in the country with 957 branches.