73 | Annual Report | 2023-2024 DIRECTOR’S REPORT Dear Members, Your Board of Directors (the “Board”) takes pleasure in presenting the Annual Report of AROHAN FINANCIAL SERVICES LIMITED (the “Company”) together with the Audited Financial Statements for the Financial Year ended March 31, 2024. In compliance with the applicable provisions of the Companies Act, 2013 and the Rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) (“Act”) and The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), this report covers the financial results and other developments during the financial year ended March 31, 2024. FINANCIAL AND OPERATIONAL HIGHLIGHTS The financial performance of the Company is summarized below: The operational highlights of the Company are summarized below: Year ended March 31 FY 2024 FY 2023 Change (%) Total Revenue (A) 1,63,463.32 1,09,099.52 49.83 Less: Expenditure (B) 1,04,344.05 80,787.56 29.16 Less: Impairment on financial instruments (C) 17,875.97 19,316.60 (7.46) Profit/(loss) before tax (D)= [A-(B+C)] 41,243.30 8,995.36 358.50 Total tax expense (E) 9,861.13 1,923.73 412.60 Profit/(loss) after tax (F)= (D-E) 31,382.17 7,071.63 343.78 Other Comprehensive Income (370.15) (262.65) (40.93) Total Comprehensive income for the year 31,012.02 6,808.98 355.46 Earnings Per Share (EPS) – Basic (in INR) 26.62 6.05 339.96 – Diluted (in INR) 26.57 5.84 354.97 Year ended March 31 FY 2024 FY 2023 Change (%) Number of branches 975 829 17.61 Number of customer (in lakhs) 24 20 20.00 Number of employees 9333 8030 16.23 Gross loan portfolio (in crores) 7112 5357 32.76 (INR in Lakhs) Last year has been very crucial and eventful, considering many significant developments like Expansion of the business to new geographies e.g. organic expansion into South with zonal office and branches in Karnataka, increased disbursement and recovery, “Arohi” first AI bot employee deployed in Recovery, investments from foreign investors leading to capital raise credit rating upgradation, Registration as Corporate Agent under IRDAI, top notch MFI1 grading & COCA C1 rating, launch of "Swagatam" as seamless/paperless recruitment portal, setting up of a Micro Enterprise Loan team etc. The Company has achieved new heights of success in comparison with previous years: crossed the mark of INR 7100 Crores of outstanding portfolio. The Company has witnessed the biggest fund raise in the MFI sector by augmenting a capital raise including funds from Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (“FMO”) & Danish Sustainable Development Goals Investment Fund K/S, represented by Investment Fund for Developing Countries (“IFU”) which has helped in the sustained growth of the business throughout the year. The Company has reported Operational Revenue of about INR 1,59,117.13 lakhs and net profit of INR 31,382.17 lakhs.
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