What was Arman Financial Services's revenue in Q3 FY26?

Arman Financial Services reported revenue of ₹160 Cr in Q3 FY26, a — change year-over-year.

Did Arman Financial Services management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Arman Financial Services Q3 FY26 Research Workspace: Revenue ₹160 Cr (—)

Q: What guidance did Arman Financial Services management give?

FY27 growth target of ~25%: Management expects consolidated AUM growth of around 25% in FY27, driven by calibrated expansion across segments.

Revenue ₹160 Cr

EBITDA —

PAT ₹22 Cr

EBITDA Margin —

Duration 76 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Arman Financial reported a strong sequential recovery in Q3 FY26, with consolidated AUM growing 7% QoQ to ₹2,274 crore and disbursements surging 30% QoQ to ₹612 crore. The MFI subsidiary returned to profitability after four quarters of losses, posting PAT of ₹13 crore, driven by a sharp decline in impairment costs from ₹76 crore in Q3 FY25 to ₹26 crore. Asset quality improved with GNPA at 3.44% (vs 4.13% YoY) and collection efficiency at 96.3%. Management guided for ~25% growth in FY27, emphasizing calibrated expansion and product innovation (individual loans, solar financing). Key risk: rising rejection rates (still ~77%) and shrinking borrower pool due to past defaults could constrain growth.

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Research workspace

Focused Modules

⚖Claim Ledger 75% answered

Did management answer the analysts?

12 analyst questions audited, 1 evaded or deflected.

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!Risks 3 risks

Risk Intelligence

Shrinking borrower pool due to past defaults

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Quarter Snapshot

AUM ₹2,274 Cr

+7% QoQ

Consolidated assets under management grew sequentially, driven by calibrated disbursements.

Disbursements ₹612 Cr

+30% QoQ

Disbursements accelerated across segments, reflecting improved demand and confidence.

Collection Efficiency (MFI) 96.4%

+0.4pp QoQ

December collection efficiency improved, with X-bucket collections at 99.3%.

GNPA (MFI) 3.44%

-69bps YoY

Gross NPA improved from 4.13% a year ago, reflecting better underwriting and recoveries.

Fast read

Guidance and risk preview

Top guidance FY27 growth target of ~25%

Management expects consolidated AUM growth of around 25% in FY27, driven by calibrated expansion across segments.

Top risk Shrinking borrower pool due to past defaults

Rejection rates remain high (~77%) as past defaulters are auto-rejected, reducing the addressable customer base.