Akme Fintrade (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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Awaiting price reaction for this filing.
Akme Fintrade, an NBFC focused on vehicle and business loans, announced its audited results for FY25. Total income grew about 40% year-on-year to Rs. 10,272 lakhs, driven by a 41.5% rise in revenue from operations to Rs. 9,858 lakhs. Net profit jumped nearly 79% to Rs. 3,323 lakhs, while profit before tax rose about 80% to Rs. 4,289 lakhs. The loan book expanded about 45% to Rs. 56,491 lakhs and total assets grew 55% to Rs. 67,536 lakhs, supported by the Rs. 13,200 lakh IPO completed in June 2024. EPS rose to Rs. 8.28 from Rs. 5.85. Statutory auditor Valawat & Associates issued an unmodified (clean) opinion, and the company noted that its ECL-based provisions exceed RBI IRACP norms, with no transfer to impairment reserve required.
Strong top-line and profit growth reflect healthy loan book expansion post-IPO, likely to be viewed positively by investors. However, operating cash flow turned sharply negative at -Rs. 17,710 lakhs (vs. positive Rs. 3,598 lakhs last year) due to heavy loan disbursements, which is being funded by borrowings and equity — worth monitoring for leverage and liquidity. The clean audit opinion and conservative provisioning are reassuring signals.