Kindly take reference to our letter dated 7th April, 2025. At the Board Meeting held today i.e. 15th April, 2025, the Board has considered and approved the following: 1) The Audited ....
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The Swastik Safe Deposit and Investments Limited held its board meeting on April 15, 2025, and approved audited financial results for Q4 and FY ended March 31, 2025, with an unqualified auditor's opinion. Revenue from operations was nearly flat at Rs. 94.67 lakhs (vs Rs. 94.43 lakhs last year), but expenses more than tripled to Rs. 65.88 lakhs (vs Rs. 19.15 lakhs), dragging full-year PAT down sharply to Rs. 11.82 lakhs from Rs. 121.75 lakhs (a ~90% drop). Q4 alone swung to a loss of Rs. 31.98 lakhs versus a profit of Rs. 10.11 lakhs in the year-ago quarter, with EPS at Rs. (13.33). The board recommended a dividend of Rs. 1 per share (10%) and approved the surrender of its NBFC license, signaling a strategic shift away from its core NBFC identity.
Shareholders see a steep fall in profitability and a sharp swing to quarterly losses despite a maintained dividend, while the NBFC license surrender marks a major strategic change that could reshape the company's future business model. The negative operating cash flow and compressed margins suggest earnings quality has weakened meaningfully, which may weigh on investor sentiment.