1. At a Glance
Abirami Financial Services (AFSL) is an NBFC so small you could fit its market cap in Bajaj Finance’s petty cash. Still, it posted ₹12.8 Lakh profit in Q1 FY26 and is doling out a 7.5% dividend, because why not?
2. Introduction
Imagine running a finance company where “sales” are basically zero, but you still declare dividends to keep shareholders awake. Welcome to AFSL – the NBFC that survives on other income and nostalgia from the 90s.
3. Business Model – WTF Do They Even Do?
- Core: Hire purchase, lending against securities, movable & immovable property.
- Revenue Model: Mostly interest & other income, not actual lending.
- USP: Survives in a niche where big NBFCs don’t even bother to look.
4. Financials Overview
- Q1 FY26 Profit: ₹12.8 Lakh
- FY25 PAT: ₹0.5
