Outcome of the 7th Board Meeting held on 13.11.2025 for the approval of Un-audited Financial Results for the quarter ended September, 2025 and other general matters is attached herewith
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The Board of F Mec International Financial Services approved unaudited financial results for Q2 FY26 (quarter ended September 30, 2025) along with the Limited Review Report from statutory auditor KSJ & Co., who gave an unmodified review conclusion. Total revenue from operations rose to Rs. 217.68 lakhs in Q2 FY26 vs Rs. 168.92 lakhs in Q2 FY25, a jump of about 28.9%; H1 FY26 revenue grew to Rs. 415.40 lakhs from Rs. 315.11 lakhs (up ~31.8%). However, profit after tax fell to Rs. 38.92 lakhs (Q2) from Rs. 56.42 lakhs in Q2 FY25, a decline of about 31%, as finance costs more than doubled to Rs. 37.25 lakhs from Rs. 15.04 lakhs. Operating cash flow remained deeply negative at Rs. (450.17) lakhs for H1 FY26, continuing a multi-year trend. Borrowings rose to Rs. 1,299.16 lakhs from Rs. 896.15 lakhs a year ago. Decisions on increasing authorised share capital and a rights issue were deferred for further deliberation.
Revenue growth is encouraging for this small NBFC, but the sharp drop in profit and persistent negative operating cash flow signal margin pressure from rising finance costs. Shareholders should expect no immediate capital action as both the share capital hike and rights issue have been put off, while the auditor change and weak cash generation warrant close monitoring.