Audited Financial Results for quarter and year ended March 31, 2025 along with Audit Report thereon
FINKURVE · price
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Finkurve Financial Services reported audited results for FY25 and Q4 FY25, with full-year revenue from operations rising about 56% YoY to Rs 14,047.93 lakhs (vs Rs 9,004.22 lakhs in FY24). Full-year profit after tax grew about 8% to Rs 1,740.73 lakhs (vs Rs 1,607.13 lakhs), while EPS rose to Rs 1.37 from Rs 1.27. For Q4 alone, revenue jumped about 73% YoY to Rs 4,028.40 lakhs, but Q4 PAT slipped to Rs 391.38 lakhs from Rs 489.24 lakhs a year earlier. The loan book expanded sharply from Rs 25,751.54 lakhs to Rs 42,602.24 lakhs, lifting total assets to Rs 47,693.61 lakhs. The company raised Rs 27.70 crore through secured 12% NCDs in Jan-Feb 2025, with an asset cover of 110% and CRAR of 44.94%. Statutory auditor P.D. Saraf & Co. issued an unmodified opinion. Operating cash flow was negative at Rs 13,382.28 lakhs as funds were deployed into lending, while 3,06,223 stock options were granted and the Company Secretary position changed hands.
Strong top-line growth driven by aggressive loan book expansion signals business scaling, but modest PAT growth (much below revenue growth) and a heavy negative operating cash flow show costs and impairments are rising fast. Shareholders should watch the quality of new loans and finance costs; the strong CRAR and 110% NCD cover provide a cushion.