AFSL
Abans Financial Services share price & financials
- Price
- ₹201.02
- Market cap
- ₹1.0k Cr
- Sector
- Financial Services
- Calls analysed
- 2
Abans Financial Q1 FY26
What went well
- Q1 FY26 Revenues stood at INR 1,895 crores, reflecting strong performance across segments.
- Net profit for Q1 FY26 was INR 32.69 crores, marking a 35% increase quarter-on-quarter year-on-year.
- Assets Under Management (AUM) reached INR 3,500 crores for the first time, indicating robust growth in asset management.
What Abans Financial Services Limited does
Abans Financial Services Limited (AFSL), formerly Abans Holdings Limited, runs a group of regulated financial businesses under one architecture. Its asset management arm manages AIFs, VCCs, CIS and portfolio management schemes, including the Global Arbitrage Fund and two PMS strategies (Smart Beta and Growth & Momentum). Abans Finance Pvt Ltd, an RBI-registered NBFC, provides secured and unsecured loans to individuals and SMEs, while a treasury desk deploys capital into government securities, commodities and interest-rate arbitrage. A brokerage vertical connects clients to Indian and global exchanges, an FCA-regulated UK subsidiary (Abans Global) handles cross-border payment processing and forex transactions, and an advisory desk offers merchant banking, business restructuring, private placements and fund-raising services.
Segments
- Asset Management
- NBFC / Lending & Credit Solutions
- Principal Investment & Treasury
- Brokerage
- Authorised Payment Processing
- Advisory
- Assets Under Management (AUM)
- ₹3,504 crore (Q1 FY26)
- Number of distributors
- 243 (FY25, up from 191 in FY24)
- Number of clients
- 1,004 (FY25, up from 831 in FY24)
- NBFC loan book
- ₹238 crore (Q1 FY26)
- Business verticals
- 6 (Asset Management, NBFC/Lending, Treasury, Brokerage, Authorised Payment Processing, Advisory)
- Regulatory licenses
- SEBI, RBI (NBFC), FCA (UK, money remittance), IFSCA (GIFT City), FSC (Mauritius)
Guidance record · Q1 FY26
what the last two calls moved 4 tracked 0 delivered 0 missed 4 open- Fund size for new AIF in GIFT City on track said Q4 FY25 Promised: $100 million in the next 12-18 months Q1 FY26: Management reiterated the fund has started and should reach approximately $100 million in the coming year.
All 4 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 96.0%, net profit up 100.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 641 | 1,280 | 1,063 | 1,894 | 6,832 +966% | 6,495 +407% | 8,708 +719% | 3,713 +96% |
| EBITDA | 46 | 52 | 48 | 51 | 48 +4% | 44 −15% | 16 −67% | 100 +96% |
| Net profit | 27 | 27 | 30 | 33 | 42 +56% | 34 +26% | -4 −113% | 66 +100% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −6.6% 1Y
1Y: ₹215.2 on 10 Sept 2025 → ₹201. High ₹218.61 (15 Sept 2025), low ₹201 (13 Oct 2025).
Financials, as filed
Revenue grew 317.2% a year over 2 years, FY24 to FY26. Operating margin narrowed to 0.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1.4k Cr | ₹3.3k Cr | ₹23.9k Cr |
| Operating profit | ₹147 Cr | ₹190 Cr | ₹159 Cr |
| Operating margin | 10.7% | 5.8% | 0.7% |
| Interest | ₹52 Cr | ₹59 Cr | ₹42 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Net profit | ₹89 Cr | ₹108 Cr | ₹105 Cr |
| Net margin | 6.5% | 3.3% | 0.4% |
| Cash from operations | ₹33 Cr | ₹-119 Cr | ₹505 Cr |
| Free cash flow | ₹32 Cr | ₹-121 Cr | ₹503 Cr |
| ROCE | 9.0% | 10.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹553 Cr | ₹622 Cr | ₹817 Cr | ₹921 Cr | ₹1.2k Cr | ₹1.2k Cr |
| Borrowings | ₹268 Cr | ₹86 Cr | ₹441 Cr | ₹929 Cr | ₹735 Cr | ₹754 Cr |
| Other liabilities | ₹352 Cr | ₹452 Cr | ₹595 Cr | ₹1.0k Cr | ₹1.8k Cr | ₹897 Cr |
| Total liabilities | ₹1.2k Cr | ₹1.2k Cr | ₹1.9k Cr | ₹2.9k Cr | ₹3.7k Cr | ₹2.9k Cr |
| Fixed assets | ₹20 Cr | ₹20 Cr | ₹19 Cr | ₹21 Cr | ₹22 Cr | ₹33 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹60 Cr | ₹97 Cr | ₹570 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.3k Cr |
| Other assets | ₹1.1k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.9k Cr | ₹2.6k Cr | ₹1.6k Cr |
| Total assets | ₹1.2k Cr | ₹1.2k Cr | ₹1.9k Cr | ₹2.9k Cr | ₹3.7k Cr | ₹2.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +5.01 pp while the public trimmed −4.60 pp. The shareholder count shrank 13% to 14,110.
- Promoters
- 71.1%
- FIIs
- 20.7%
- Public
- 8.2%
Since Jun 2025
- FIIs +5.01 pp
- Public −4.60 pp
- Promoters −0.36 pp
How it drifted, 12 quarters
Over this window FIIs went from 11.7% to 20.7% — +9.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 72.1%, FIIs 11.7%, Public 16.2%.Dec '23: Promoters 72.1%, FIIs 11.6%, Public 16.3%.Mar '24: Promoters 72.1%, FIIs 11.5%, Public 16.4%.Jun '24: Promoters 72.1%, FIIs 10.4%, DIIs 0.0%, Public 17.5%.Sep '24: Promoters 72.0%, FIIs 11.1%, DIIs 0.0%, Public 16.9%.Dec '24: Promoters 71.5%, FIIs 12.9%, DIIs 0.0%, Public 15.6%.Mar '25: Promoters 71.5%, FIIs 15.1%, DIIs 0.0%, Public 13.4%.Jun '25: Promoters 71.5%, FIIs 15.7%, DIIs 0.1%, Public 12.8%.Sep '25: Promoters 71.4%, FIIs 16.1%, Public 12.4%.Dec '25: Promoters 71.4%, FIIs 17.0%, Public 11.6%.Mar '26: Promoters 71.4%, FIIs 19.0%, Public 9.6%.Jun '26: Promoters 71.1%, FIIs 20.7%, Public 8.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Saint Capital Fund FPI fund +0.80 pp 4.63% held
- Meru Investment Fund Pcc-Cell 1 FPI fund +0.74 pp 3.19% held
- Mint Focused Growth Fund Pcc- Cell 1 FPI fund +0.27 pp 2.31% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Abans Financial Services Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Abhishek P Bansal | 70.22% | −0.25 pp |
| Resonance Opportunities Fund FPI fund | 4.87% | unchanged |
| Saint Capital Fund FPI fund | 4.63% | +0.80 pp |
| Meru Investment Fund Pcc-Cell 1 FPI fund | 3.19% | +0.74 pp |
| Mint Focused Growth Fund Pcc- Cell 1 FPI fund | 2.31% | +0.27 pp |
| Antara India Evergreen Fund Ltd FPI fund | 2.02% | unchanged |
| Rita Bhalotia | 1.51% | unchanged |
| Shriyam Abhishek Bansal | 0.69% | unchanged |
| Babita D Chaturvedi | 0.20% | unchanged |
| Prasun Bansal | 0.00% | unchanged |
| Mahima Bansal (Sayani) | 0.00% | unchanged |
| Kaamad Bansal | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (2)
Read the Q1 FY26 call →Learn to analyse Abans Financial Services Limited
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