Submission of Annual Report for the Financial Year 2024-25
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Garbi Finvest Ltd, a non-banking financial company (NBFC), has filed its Annual Report for FY 2024-25 along with the notice of its 43rd Annual General Meeting scheduled for September 24, 2025. The company swung back to profitability with a profit after tax of Rs. 138.20 lakhs compared to a loss of Rs. 89.84 lakhs in FY 2023-24. Total revenue from operations and other income stood at Rs. 435.88 lakhs (vs Rs. 430.40 lakhs prior year), while total expenses dropped sharply to Rs. 267.73 lakhs from Rs. 426.16 lakhs. Earnings per share recovered to Rs. 0.12 from a negative Rs. 0.77. The Board has not recommended any dividend and has transferred Rs. 27.64 lakhs to the Statutory Special Reserve as required for NBFCs. The AGM will consider the re-appointment of director Ritu Mahawar and the appointment of M/s KSN & Company as Secretarial Auditor for a five-year term.
For shareholders, the key takeaway is a strong turnaround in profitability, with the company moving from a loss to a comfortable profit on broadly flat revenues and significantly lower expenses. The absence of a dividend means shareholders will not receive any cash distribution, though the firm is reinforcing its reserve position in line with NBFC regulations.