Orbis Financial Corporation Limited has announced its annual report for the financial year ended March 31, 2022. The net profit of the company increased massively to Rs. 48 crore.
The company has registered a massive increase in its total revenue. For the financial year ended March 31, 2022, the total revenue of the company increased 120%, to Rs. 191 crore, as against Rs. 86 crore for the previous financial year.
The total expenses of the company have also witnessed a massive surge of 87%, to Rs. 125 crore in FY22 as against Rs. 67 crore in the previous financial year. For FY22, the PBT of the company increased incredibly 234 %, to Rs. 65 crore as against Rs. 19 crore in FY22.
The PAT of the company increased 200%, to 47 crore in FY22 as against Rs. 15 crore in the previous financial year. The asset under management (AUM) of the company has almost doubled to Rs. 67,369 crore in FY22 as against Rs. 34,128 crore. During FY22, The net worth of the company increased 43%, Rs. 223 crore compared to Rs. 155 crore for previous financial year.
The company declared the dividend of Rs. 0.50 per equity share of Rs. 10 each fully paid-up for FY22, same as previous year.
During FY22 , the Company has invested fresh capital to boost the company’s growth. The company is focusing on the new age technology and expansion of the business by deploying heavy capital in it.
Established in 2005, Orbis Financial Corporation Limited is an established Financial Services Company committed towards Investor servicing in inter-related verticals namely Custody & Fund Accounting services, Equity and Commodity derivatives clearing, Currency derivatives clearing, Registrar and Transfer Agency and Trustee services.
The company is headquartered in Gurugram, Haryana, while the marketing office is situated in Mumbai, Maharashtra, India. Recently, the company has also set up a business development office in GIFT City, Gujarat to strengthen its global outreach. GIFT City is a planned business district and the new business destination offering a competitive edge to Financial services and Technology related activities.