The Board of Directors of the Company at its meeting held today i.e. May 26, 2026 inter alia considered and approved the Audited Financial Results (Standalone & Consolidated) of the Company ....
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Asit C Mehta Financial Services Ltd reported its audited financial results for FY 2025-26 ending March 31, 2026. On a standalone basis, revenue from operations increased to Rs 482.50 Lakhs from Rs 416.05 Lakhs in the previous year, while the net loss narrowed to Rs 265.41 Lakhs from Rs 281.72 Lakhs. On a consolidated basis, the company reported revenue of Rs 6,123.00 Lakhs compared to Rs 7,264.08 Lakhs in FY 2024-25, representing a decline of about 16%. However, the consolidated net loss improved significantly to Rs 160.11 Lakhs from Rs 276.30 Lakhs. The statutory auditors Manek & Associates issued an unmodified opinion. The board also approved the sale of the Mutual Fund Business through a Slump Sale to Wealth Company Private Limited for Rs 659 Lakhs, expected to strengthen the financial position of the material subsidiary.
The company continues to operate at a loss but shows improvement in profitability. The consolidated revenue decline of 16% is a concern, though the narrowing losses indicate better cost management. The upcoming divestment of the mutual fund business could provide a strategic boost to the subsidiary's financials.