Financial Results for the FY ended 31-03-2025
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Easy Fincorp Limited reported its audited financial results for the quarter and financial year ended March 31, 2025. Total income remained nearly flat at Rs 9.74 lakhs versus Rs 9.66 lakhs in FY24, while total expenses fell slightly to Rs 27.35 lakhs (from Rs 28.54 lakhs). The company posted a net loss after tax of Rs (10.76) lakhs, an improvement from Rs (15.41) lakhs in FY24, partly aided by tax adjustments. However, total comprehensive income jumped to Rs 755.46 lakhs (vs Rs 461.52 lakhs), driven largely by a Rs 663.61 lakh fair-value gain on its investment portfolio. Total assets stood at Rs 3,138.52 lakhs, with investments of Rs 2,987.24 lakhs forming the bulk. Statutory auditors Ray & Ray issued an unmodified (clean) opinion on the results.
The core business continues to generate losses on minimal operating income, meaning shareholder value is sustained almost entirely by mark-to-market gains on the company's investment book rather than operating profitability. The stock is unlikely to see a positive re-rating unless the company shifts to a revenue-generating business model.