Ahmedabad, Abans Holdings Limited, a leading global financial services conglomerate with a market capitalization exceeding ₹2800 crores, has announced strong financial results for the June 30, 2024 quarter. The company’s strategic initiatives and operational excellence have led to significant growth across key metrics.The quarter’s highlight is the impressive 57% surge in agency business EBIT, which reached ₹21.75 crores, reflecting the company’s adeptness in navigating market challenges. Additionally, Abans Holdings’ EBITDA witnessed a substantial 37% increase, amounting to ₹43.67 crores, further solidifying its growth trajectory. Revenue from operations also climbed to₹ 296.36 crores, up from₹252.45 crores in the previous quarter.Abhishek Bansal, Chairman and Managing Director of Abans Holdings Ltd., expressed his enthusiasm for the company’s performance, stating: “Our Q1 performance is a testament to the strategic initiatives and unwavering dedication of our team. The impressive growth in our agency income and EBITDA reflects our adeptness in navigating market challenges and seizing opportunities. With our AUM increasing steadily, we are reinforcing our market presence. Trust is the cornerstone of our business, and this performance illustrates the confidence our clients place in us. We are committed to delivering sustained value to our stakeholders.”Further highlighting the company’s success, profit before tax rose to₹28.93 crores, and net profit reached ₹24.21 crores, showcasing the effectiveness of Abans Holdings’ financial strategies. The company’s assets under management (AUM) also grew by 8%, indicating consistent growth and a strong market footprint.Abans Holdings is also making strategic moves to expand globally, with plans to establish a wholly-owned subsidiary in GIFT City and expand its flagship Global Arbitrage Fund to U.S. markets. The company’s subsidiary, Abans Investment Managers Pvt Ltd (AIMPL), was valued at ₹150 crores in a Series A funding round, demonstrating strong market confidence.