Audited Financial Results for the Quarter and Year ended on March 31, 2025
Awaiting price reaction for this filing.
Mahan Industries Ltd, a registered NBFC based in Ahmedabad, announced its audited financial results for FY25 along with Q4 FY25. Total assets grew from Rs. 658.67 lakhs to Rs. 873.53 lakhs, and total equity improved from Rs. 304.77 lakhs to Rs. 516.09 lakhs. The company raised Rs. 225 lakhs through a preferential issue of 9 lakh equity shares to non-promoters during the quarter, with proceeds earmarked for working capital, RBI NBFC capital adequacy, and general purposes. Statutory auditor M/s. SDPM & Co. issued an unmodified (clean) opinion on the results. Net cash from operating activities was negative at approximately Rs. 224 lakhs, while loans on the balance sheet rose from Rs. 395.49 lakhs to Rs. 567.71 lakhs.
Positive for shareholders — a clean audit opinion, equity infusion, and improved net worth signal strengthening of the NBFC's capital position. However, negative operating cash flow is a watchpoint, suggesting the company is funding loan growth through equity raises rather than internal accruals.