ALFA Finder
| Market Cap | ₹941 CrFinancial Services |
|---|---|
| P/E Ratio | 31.72Sector PE: 21.01 |
| Promoter Holding | 63.92%No pledge |
| RSI | 79.67Overbought Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 35.1 | 19.9 | 19.0 |
| Other Income | 1.0 | 1.0 | 1.7 |
| Total Income | 36.1 | 21.0 | 20.7 |
| Profit Before Tax | 30.1 | 16.9 | 13.2 |
| Net Profit | 24.9 | 14.1 | 10.3 |
| Operating Margin | 83.4% | 80.5% | 63.8% |
| Net Profit QoQ | +76.6% | ||
| Net Profit YoY | +141.7% | ||
Key highlights
- Net profit increased by 141.7% year-on-year to ₹24.9 crore in Q2-27
- Revenue from operations nearly doubled to ₹35.1 crore from ₹19.0 crore in Q2-26
- Operating margins improved substantially to 83.4% from 63.8% a year ago
- Profit before tax stood at ₹30.1 crore, a 78.1% sequential increase from Q1-27
- Half-yearly consolidated revenue for H1 FY27 reached ₹55.02 crore
Operational Scaling and Margin Expansion
Aryaman Financial Services demonstrated sharp operational scaling during the September 2026 quarter, with revenue from operations reaching ₹35.1 crore. This represents a nearly 85% increase over the ₹19.0 crore reported in the corresponding quarter of the previous fiscal year. The growth was accompanied by a significant expansion in operating margins, which climbed from 63.8% to 83.4% year-on-year.
This margin improvement suggests a high degree of operating leverage within the company's fee-based merchant banking and financial services model. Sequentially, revenue grew by 76% from the ₹19.9 crore recorded in Q1-27, maintaining a strong upward trajectory in the first half of the 2027 fiscal year.
Key Business Mandates and Segment Focus
- Appointed as Book Running Lead Manager for AGI Infra Limited's ₹275 crore QIP issue on September 25, 2026
- Operations remain concentrated in the Finance and Merchant Banking segment as per management notes
- Consolidated results include contributions from three main subsidiary companies including Aryaman Capital Markets Limited
- Total comprehensive income for the quarter attributable to owners stood at ₹19.74 crore
- Board meeting concluded that the company operates as a single-segment entity focused on financial services
Market Performance and Valuation Context
The company's stock has recently seen significant momentum, reflected in a month-on-month price change of 22.54%. Currently trading at ₹768.35, the company has a market capitalization of ₹941 crore. Technically, the stock is in an overbought zone with a Relative Strength Index of 79.67.
From a valuation perspective, the trailing twelve-month Price to Earnings ratio stands at 31.72, which is higher than the sector average of 21.01 and the industry average of 24.74. Promoter holdings remain stable at 63.92% with no pledged shares, providing a degree of ownership consistency as the firm pursues its merchant banking mandates.
Segment Reporting Note
The Company has only one business one segment in which it operates viz. Finance services & related activities
| Date | Announcement | Amount |
|---|---|---|
| 14 Aug 2026 | Q1 FY27 consolidated net profitSource: investorfeed.in | ₹14.09 Cr |
| 21 May 2026 | Q4 FY26 consolidated net profitSource: hdfcsec.com | ₹4.59 Cr |
| 13 Feb 2026 | Q3 FY26 standalone net profitSource: scanx.trade | ₹1.87 Cr |
| 14 Nov 2025 | Q2 FY26 consolidated net profitSource: business-standard.com | ₹8.05 Cr |
| 07 Aug 2025 | Q1 FY26 consolidated net profitSource: scanx.trade | ₹10.04 Cr |
| 14 May 2025 | Q4 FY25 consolidated net profitSource: scanx.trade | ₹8.37 Cr |
What to watch next
- Execution progress of the ₹275 crore AGI Infra Limited QIP mandate
- Technical consolidation following the current overbought RSI level of 79.67
- Next quarterly earnings update expected by February 2027
| Share price | ₹768.35 |
|---|---|
| Market capitalisation | ₹941.00 Cr |
| Revenue (annual) | ₹78.19 Cr |
| Net profit (annual) | ₹29.57 Cr |
| Revenue (latest quarter) | ₹19.93 Cr+90.27% vs previous quarter |
| Net profit (latest quarter) | ₹10.13 Cr+121.00% vs previous quarter |
| P/E (TTM) | 31.72×Sector 21.01× |
| Promoter holding | 63.92%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Aryaman Financial Services Ltd announcing its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
