Capital India Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.3 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with an unmodified auditor's report from V. Sankar Aiyar & Co. On a standalone basis, total income fell to Rs 18,445.32 lakhs (from Rs 19,466.34 lakhs in FY24), while profit after tax dropped sharply to Rs 1,178.10 lakhs from Rs 2,010.27 lakhs, a decline of roughly 41%. On a consolidated basis, the company swung to a net loss of Rs 1,022.45 lakhs versus a loss of Rs 643.45 lakhs in FY24, with revenue down about 10% to Rs 61,453.28 lakhs. The board recommended a modest final dividend of Rs 0.02 per share (1% on Rs 2 face value). Outstanding qualified borrowings rose to Rs 665.17 crores from Rs 550.49 crores, with credit rating at A/Stable. The board also re-designated Mr. Subhendu Bhanja from Senior Management Personnel to Chief of Service Delivery and noted that the sale of housing finance subsidiary Capital India Home Loans Limited to Weaver Services for Rs 266.53 crores awaits regulatory approvals.
Shareholders should note a significant drop in standalone profitability and ongoing consolidated losses, partly driven by a weak forex business segment. The Rs 266.53 crore pending divestment of the home loans subsidiary is a positive catalyst if approvals come through, but the very small dividend and weak Q4 PAT (Rs 113.41 lakhs vs Rs 541.03 lakhs year-on-year) suggest limited near-term earnings momentum.