Outcome of Board Meeting for approval of Audited (Standalone and Consolidated) financial results for the fourth quarter and financial year ended on 31st March 2025 along with Independent ....
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Banas Finance's board approved audited standalone and consolidated financial results for Q4 and FY ended 31 March 2025, with the auditor giving an unmodified (clean) opinion. FY25 standalone total income fell sharply to Rs 4,348.27 lakhs from Rs 7,364.36 lakhs in FY24, a decline of about 41%. The company swung from a standalone net profit of Rs 224.86 lakhs in FY24 to a net loss of Rs 2,584.09 lakhs in FY25, with Q4 alone showing a loss of Rs 798.57 lakhs. The loss was driven mainly by a net loss on fair value changes of Rs 1,985.73 lakhs, sharply higher credit loss provisions of Rs 1,340.41 lakhs (vs a write-back earlier), and bad debts of Rs 673.98 lakhs. On a consolidated basis, the net loss was Rs 1,956.96 lakhs, partly cushioned by a Rs 627.13 lakhs share of profit from associate Tilak Ventures. EPS turned negative at Rs (2.885) from Rs 0.468, and operating cash flow remained negative.
Despite a clean audit opinion, shareholders face a deeply negative year with revenue contraction, sharp swing to losses, and continued negative operating cash flow, signaling weak core performance and asset quality concerns at the NBFC. Negative EPS and elevated provisions may weigh on the stock and investor sentiment.