Board Meeting for the consideration and approval of the Audited Consolidated and Standalone Financial Results for the Quarter and Financial Year ended 31st March, 2025.
Awaiting price reaction for this filing.
Inditrade Capital's board approved its audited FY25 results on 21st August 2025, but the statutory auditor (Kirtane & Pandit LLP) issued an Adverse Opinion on both standalone and consolidated statements. On a standalone basis, the company swung to a net loss of Rs. 297.86 lakhs versus a Rs. 67.52 lakh profit in FY24, with revenue from operations falling sharply to Rs. 779.09 lakhs from Rs. 1,429.60 lakhs. On a consolidated basis, revenue collapsed to Rs. 5,330.22 lakhs (vs Rs. 16,232.04 lakhs), and the group posted a massive loss after tax of Rs. 10,566.87 lakhs, driven by Rs. 6,168.62 lakhs of impairment on financial instruments and losses across nearly all segments (Client Financing, Commodity Trade Support, Sale of Goods). The auditor flagged serious concerns: material going-concern uncertainty due to problems in subsidiaries (whose loans and investments make up ~90% of standalone assets), non-compliance with Ind AS 36 on impairment, questionable recognition of Rs. 309.21 lakhs (standalone) / Rs. 2,180.70 lakhs (consolidated) in deferred tax assets, and disproportionate related-party lending. Other red flags include Rs. 3,024 lakhs of subsidiary funds attached by enforcement agencies, an RBI qualifying-assets breach at Inditrade Microfinance, Rs. 214.89 lakhs in unpaid statutory dues, and cancelled GST registration in Kerala.
This is a deeply negative filing for shareholders. The Adverse Opinion, going-concern flag, and consolidated loss exceeding Rs. 105 crore indicate severe financial stress at both the company and its subsidiaries, and could weigh heavily on the stock. Investors should expect significant governance, asset-quality, and solvency scrutiny going forward, and the possibility of further impairments or restructuring cannot be ruled out.