Please find the attached Outcome of Board Meeting
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Brijlaxmi Leasing & Finance's board approved audited results for Q4 and FY ended March 31, 2025 on May 30, 2025. Total revenue jumped to Rs 634.40 lakh from Rs 317.53 lakh, and net profit more than doubled to Rs 158.29 lakh (vs Rs 75.95 lakh), with EPS at Rs 2.45 (vs Rs 1.18). However, the bulk of the revenue came from a one-time gain of Rs 501 lakh on derecognition of a purchased loan portfolio (bought for Rs 20.5 cr, recovered Rs 25.51 cr); core interest income actually fell to Rs 130.73 lakh from Rs 244.77 lakh. The auditor issued a Qualified Opinion flagging non-compliance with TDS rules and Ind AS-19, unverifiable Rs 140.87 lakh in investments (no demat statements), and Rs 71.01 lakh in waived loan interest with poor documentation. Other equity remains negative at Rs -54.26 lakh, though improved from Rs -212.56 lakh.
Headline profit growth looks strong, but it is largely driven by a one-off loan portfolio gain rather than core lending business, which actually shrank. The qualified audit opinion and repeated compliance failures (TDS, Ind AS-19, unverifiable investments) are red flags on governance and internal controls that retail investors should weigh carefully.