Financial Result for the quarter and year ended 31st March 2025
Price
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Ekam Leasing & Finance Company Ltd announced its FY25 audited results on May 30, 2025. On a standalone basis, the company reported a total income of Rs 12.45 lakhs, total expenditure of Rs 69.98 lakhs, and a net loss of Rs 65.68 lakhs (EPS of Rs -1.09). On a consolidated basis, total income was Rs 40.46 lakhs with a net loss of Rs 97.08 lakhs (EPS of Rs -1.62). Consolidated net worth stood at Rs 792.46 lakhs with total assets of Rs 1,030.13 lakhs. The auditor (M.B. Gupta & Co.) issued a Qualified Opinion on both sets of results. A new qualification flags that the company's Net Owned Fund (NOF) is below the RBI-mandated Rs 5 crore threshold for NBFCs as of March 31, 2025, which could have regulatory implications for its NBFC status. A repetitive qualification notes that two subsidiaries (Jet Air Securities and Rex Overseas) are not yet registered with RBI as NBFCs. Emphasis-of-matter notes also flag loan and interest transactions with struck-off companies (NKJ Securities and Alsan Buildcon).
Shareholders should view this negatively: the company is loss-making at both standalone and consolidated levels, and the audit qualifications point to potential regulatory non-compliance as an NBFC. Falling short of RBI's NOF requirement could threaten the company's NBFC license and future operations, posing material risk to the business.