Arya.ag Reports Stellar Half-Year Financial Performance with Profit Surge

Arya.ag announced a substantial 42.55% increase in net profit at Rs 22.98 crore for the first half of the fiscal year. This growth was driven by strong lending operations and an expanding warehousing network. The platform facilitated a gross trade value of Rs 2,438 crore, enhancing market linkages.

Arya.ag, a grain commerce platform, has posted a remarkable net profit increase of 42.55%, reaching Rs 22.98 crore in the first half of the fiscal year. This impressive growth stems from the company's vigorous lending operations and thriving warehousing network.

Compared to the previous year, when profits were Rs 16.12 crore, Arya.ag's current performance marks a significant leap. Total revenue surged to Rs 299.45 crore from Rs 238.34 crore in the same period, with loan disbursements soaring 50% to Rs 1,301 crore.

The company's loan book expanded by 70% to Rs 987 crore, maintaining a portfolio yield of 12.88%. The expansion in warehousing volumes by over 40% highlights an increased adoption of scientific storage methods. Arya.ag facilitated a gross trade value of Rs 2,438 crore, boosting connections between agricultural producers and buyers.

(With inputs from agencies.)