Outcome of Board Meeting of FYNX Capital Limited for quarter ended June 2025
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On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fynx Capital's board approved its Q1 FY26 standalone results on July 23, 2025. Total income from operations rose about 42% year-on-year to Rs 48.68 lakhs (vs Rs 34.31 lakhs in Q1 FY25). Net loss narrowed to Rs 56.65 lakhs (from Rs 68.98 lakhs), with EPS at (Rs 0.28) versus (Rs 1.72) a year ago. However, cash on hand fell sharply from Rs 1,604 lakhs to just Rs 14.68 lakhs as loans on the book grew from Rs 126 lakhs to Rs 699 lakhs, leading to a steep operating cash outflow of Rs 1,585 lakhs. The company's 'Other Equity' remained negative at Rs (139.39) lakhs, meaning accumulated losses continue to outweigh share capital support. Of the Rs 1,600 lakhs rights issue completed in March 2025, Rs 994.95 lakhs is still unutilized and parked in mutual funds pending deployment.
Revenue growth and a narrower loss are mildly positive, but persistent quarterly losses, negative reserves, and an almost-depleted cash balance point to financial weakness. Shareholders should watch for timely deployment of the remaining Rs 995 lakhs of rights-issue proceeds into income-generating assets and a clear path to profitability before the stock narrative improves.