AUDITED ( STANDALONE AND CONSOLIDATED ) FINANCIAL RESULTS OF THE QUARTER AND YEAR ENDED 31ST MARCH 2025
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Ltd, a Kolkata-based NBFC, reported a standalone loss after tax of Rs. 1,383.18 lakh for FY25, widening from Rs. 1,150.39 lakh loss in FY24. Revenue from operations was nil in FY25 versus Rs. 9 lakh last year, with total income falling sharply to Rs. 18.71 lakh from Rs. 65.81 lakh. The company carried a deeply negative net worth of about Rs. 671 crore against share capital of Rs. 16.56 crore, with current borrowings and other financial liabilities aggregating roughly Rs. 668 crore. The statutory auditor issued a Qualified Opinion, flagging that the company's NBFC licence was cancelled by RBI in 2005 (appeal pending), bank balances are unconfirmed, and interest on bank/IFC dues of Rs. 2,044 crore has not been charged since April 2015, which materially understates losses. Operating cash flow was negative at Rs. 76 lakh versus a positive Rs. 57 lakh in FY24.
The stock remains effectively a shell NBFC trading on BSE with no operating business, massive negative net worth, and ongoing RBI/SFIO litigation. The true loss position is hidden by Rs. 2,044 crore of unprovided interest, so any adverse ruling on the RBI appeal or one-time settlement with lenders could trigger sharp value erosion for shareholders. This is a high-risk, low-liquidity name unsuitable for retail investors seeking genuine operating exposure.