Audited Financial Results for the Quarter and year ended 31st March 2025

Going ConcernQualified OpinionRevenue Growth 20pctPat Growth 25pctRelated Party TransactionsResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-5.2% vs market

Non Banking Financial Company (NBFC) peers, median of 195sector-0.1%-4.8% vs sector

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AI summary

Dharani Finance Limited, a Chennai-based NBFC, submitted its audited financial results for Q4 and FY25 on May 28, 2025. The company posted a strong turnaround with Profit Before Tax of Rs. 84.54 lakhs in FY25, compared to a loss of Rs. 30.40 lakhs in FY24, translating to Basic EPS of Rs. 1.68 vs a loss of Rs. 0.61 per share. Total revenue from operations grew to Rs. 142.43 lakhs in FY25 from Rs. 79.24 lakhs in FY24, nearly an 80% jump year-on-year. Despite this operational recovery, statutory auditor Srivatsan & Associates issued a Qualified Opinion and a separate 'Material Uncertainty Relating to Going Concern' paragraph. The recurring qualification (8th year running) relates to an inter-corporate deposit of Rs. 200 lakhs given to M/s Aryav Exports in 2017 from which no interest has been received, with total doubtful exposure standing at Rs. 272 lakhs.

Likely market impact

The auditor has warned that if provisions are made for these doubtful dues, the company's net owned funds could fall below the RBI's minimum threshold required to operate as an NBFC, putting its license and continuing operations at risk without fresh capital infusion. Shareholders should view the earnings turnaround positively but watch closely for capital-raising plans and recovery progress on the Aryav Exports exposure before drawing confidence from the headline numbers.