Financial Result for the quarter and year ended 31st March 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Ekam Leasing & Finance approved the audited financial results for FY25 on May 30, 2025. On a standalone basis, the company reported a total income of ₹12.45 lakhs and a net loss of ₹65.68 lakhs (EPS of negative ₹1.09). On a consolidated basis (including 3 subsidiaries and 1 associate), total income was ₹40.46 lakhs with a net loss of ₹97.08 lakhs (EPS of negative ₹1.62). Net worth stood at ₹266.59 lakhs (standalone) and ₹792.46 lakhs (consolidated). The auditor issued a qualified opinion on both sets of results, flagging that the company's Net Owned Fund (NOF) is below the ₹5 crore minimum required by RBI for NBFCs (new qualification). On the consolidated side, the auditor also noted that two subsidiaries are required to register with RBI as NBFCs but haven't, a recurring issue since FY22. The auditor further highlighted that the company has lent to and borrowed from companies that have been struck off the registrar of companies.
This is a negative signal for shareholders — the company is loss-making, and the qualified audit opinion raises serious regulatory concerns. Falling short of RBI's mandatory ₹5 crore NOF threshold could threaten the company's NBFC licence status. Investors should monitor whether management successfully raises capital to meet the NOF requirement and resolves the subsidiary registration issues.