Approved the financial result for the quarter ended June 2025
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Asia Capital Limited, a BSE-listed NBFC, approved its unaudited financial results for Q1 FY26. Total income fell sharply to ₹5.26 thousand from ₹13.53 thousand in the same quarter last year, a drop of about 61%, driven mainly by a collapse in interest income (₹1.77 thousand vs ₹13.37 thousand). Net profit after tax shrank to just ₹0.85 thousand from ₹8.70 thousand in Q1 FY25, with EPS of ₹0.03. On the balance sheet, the company fully repaid all its borrowings (₹15,066.12 thousand to zero) and saw total assets decline to ₹51.71 thousand from ₹66.91 thousand at March 2025. However, operating cash flow turned sharply negative at -₹22.44 thousand, reflecting a big increase in short-term loans and advances. The statutory auditor, Shankarlal Jain & Associates LLP, issued an unqualified limited review report.
Sharp year-on-year decline in both revenue and profit signals weak core lending activity, while the negative operating cash flow is a concern. On the positive side, the company has completely de-leveraged by repaying all borrowings, strengthening the balance sheet, though the overall scale of operations is very small.