Un-audited Financial Standalone & Consolidated Results for the Quarter ended June 30, 2025
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Ekam Leasing & Finance reported weak Q1 FY26 results with standalone interest income falling sharply to ₹6.02 lakhs from ₹15.91 lakhs a year ago, a drop of about 62%. Standalone loss for the quarter widened to ₹11.16 lakhs (from ₹1.12 lakh loss in Q1 FY25), while the consolidated loss was ₹5.36 lakhs versus a ₹3.65 lakh profit last year. EPS stood at -₹0.19 (standalone) and -₹0.09 (consolidated). The auditor issued a qualified conclusion, flagging that the company's Net Owned Fund is below the RBI's mandatory ₹5 crore threshold for NBFCs, which could impact its NBFC licence. Two emphasis-of-matter items relate to unprovided interest on loans to/from struck-off companies. The board also noted a BSE warning letter (fine withdrawn) over delayed annual report disclosure.
Negative for shareholders — revenue is shrinking, losses are widening, and the auditor has raised a serious red flag about the company's NBFC status due to insufficient Net Owned Funds, which could attract regulatory action. The BSE warning and persistent losses add to governance and financial health concerns.