Financial Results for the quarter ended 30th June, 2025
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Classic Leasing & Finance Ltd reported Q1 FY26 (quarter ended 30 June 2025) results with total income of Rs. 26.57 lakhs, nearly doubling from Rs. 13.42 lakhs in the same quarter last year. Profit after tax surged to Rs. 16.99 lakhs from Rs. 6.22 lakhs year-on-year, translating to EPS of Rs. 0.57 versus Rs. 0.22 earlier. The statutory auditor (Agarwal Khetan & Co.) has expressed a qualified opinion on these results. Despite the strong quarterly profit growth, the company's net worth remains deeply negative at Rs. (401.28) lakhs and other equity stands at Rs. (701.30) lakhs, with a debt-to-total-assets ratio of 1.67, signalling significant balance-sheet stress. The board also approved the Board's Report for FY25, appointed a new secretarial auditor, and fixed the 42nd AGM for 20 September 2025.
The sharp YoY jump in revenue and profit is encouraging, but the deeply negative net worth, high leverage, and qualified auditor opinion are serious red flags that investors should weigh carefully before taking a positive view on the stock.