Centrum Capital Limited has informed the Exchange regarding Board meeting held on May 16, 2025.
CENTRUM · price
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Centrum Capital's board approved audited consolidated and standalone results for FY25. Total revenue from operations rose 58% to Rs. 3,49,340 lakhs (FY24: Rs. 2,20,681 lakhs), driven mainly by the Banking Business which grew 76% to Rs. 2,76,233 lakhs. However, the consolidated net loss widened sharply to Rs. 14,850 lakhs (FY24: Rs. 7,119 lakhs), with loss attributable to owners at Rs. 18,748 lakhs and EPS at Rs. (4.51). Impairment on financial instruments surged to Rs. 59,554 lakhs and finance costs rose 53% to Rs. 1,56,360 lakhs. Operating cash flow improved strongly to Rs. 2,53,243 lakhs. The board also approved raising up to Rs. 1,000 crore via NCDs and another Rs. 1,000 crore via rights issue/QIP/private placement, and a Rs. 200 crore preferential issue of warrants to promoter group entity JBCG Advisory Services. Three new directors were appointed.
Despite strong revenue growth, deepening losses and rising impairments are a concern for shareholders. The substantial fund-raising plans (up to Rs. 2,200 crore) and Rs. 200 crore promoter warrants issue point to significant capital infusion, which may lead to equity dilution. The preferential allotment to a promoter group entity could raise governance questions.