Audited Financial Results for the Fourth quarter and financial year ended 31st March, 2025
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Asia Capital Limited, a BSE-listed NBFC, announced its audited financial results for FY25 on May 29, 2025. Total income rose modestly to ₹58.29 lakhs from ₹54.45 lakhs in FY24, driven mostly by a jump in other income (₹10.30 lakhs vs ₹0.17 lakhs), while interest income dipped to ₹47.99 lakhs. Total expenses fell sharply to ₹17.65 lakhs from ₹26.91 lakhs, mainly due to lower employee costs. As a result, profit after tax grew strongly to ₹30.02 lakhs (₹0.97 EPS) from ₹20.46 lakhs (₹0.66 EPS), a ~47% jump. The statutory auditor (Shankarlal Jain & Associates LLP) issued an unmodified (clean) opinion. The board also appointed a new secretarial auditor and accepted the resignations of Independent Director Mr. Nirav Mamniya and Director Mr. Manoj Jain.
PAT grew nearly 47% year-on-year with a clean audit opinion, which is positive for shareholders. However, the actual lending business appears to be shrinking (interest income down ~12%) and the profit boost comes from cost cuts and other income, so underlying core performance remains weak. Two board resignations may also be worth monitoring.