Audited Financial Result for March 31, 2025
Awaiting price reaction for this filing.
Geetanjali Credit and Capital Ltd, an NBFC, reported practically zero revenue from operations of Rs. 0.86 lakhs for FY25, identical to FY24. The company swung to a net loss of Rs. (3.44) lakhs in FY25 from a marginal profit of Rs. 0.09 lakhs in FY24, with EPS turning negative at Rs. (0.08). The statutory auditor (S K Bhavsar & Co.) issued a Qualified Opinion flagging two major issues: (1) Loans & Advances of Rs. 256.27 lakhs lack balance confirmations from borrowers, and the company has not followed RBI NPA provisioning norms, and (2) an outstanding Income Tax demand of Rs. 529.75 lakhs with no documented appeal evidence. Reserves remain deeply negative at Rs. (132.72) lakhs, and net cash from operating activities was negative Rs. (0.90) lakhs in FY25.
This is a significant red-flag filing for shareholders — the qualified audit opinion, unrecoverable-looking loans, a large unprovided income tax liability exceeding the company's total assets, negative reserves, and negative operating cash flow collectively raise serious going-concern and regulatory-compliance concerns. Investors should treat this stock with high caution as the company appears non-operational with material unresolved liabilities.