Audited (Standalone and Consolidated) financials for the year ended 31st march, 2025 along with the Independent Auditors Report from the Statutory Auditor of the Company
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Banas Finance Ltd reported a weak FY25 with standalone total income falling sharply to ₹434.83 lakhs from ₹736.44 lakhs in FY24, a decline of about 41%. The company swung from a net profit of ₹22.49 lakhs in FY24 to a net loss of ₹258.41 lakhs in FY25, with Q4 FY25 alone posting a loss of ₹79.86 lakhs. The loss was driven by a ₹198.57 lakhs net loss on fair value changes of investments and a ₹134.04 lakhs provision for expected credit losses, against a ₹229.25 lakhs gain and a ₹25.36 lakhs writeback in FY24. Consolidated results were also negative with a net loss of ₹195.70 lakhs versus a profit of ₹43.94 lakhs last year. EPS turned negative at ₹(2.89) standalone and ₹(2.19) consolidated. Operating cash flow stayed negative, while the company raised ₹415.31 lakhs through fresh share issuance.
Shareholders should note a significant deterioration in profitability with a swing to large losses and negative operating cash flow, though the auditor issued an unmodified opinion and borrowings fell sharply, reducing leverage risk. Near-term stock sentiment is likely weak given the deep losses.