Please find attached Audited Financial Results for March 2025
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GCM Securities Ltd has filed its audited financial results for FY25, reporting zero revenue from operations for the year. Total income stood at ₹39.96 lakhs (down from ₹46.67 lakhs in FY24), coming entirely from other income like fixed deposit interest. The company posted a sharply wider net loss of ₹(265.94) lakhs for the year, compared to a loss of ₹(37.99) lakhs in FY24, driven by a sharp jump in total expenses to ₹308.32 lakhs from ₹82.00 lakhs, including ₹105.88 lakhs in trading losses on futures/options and higher depreciation. Q4 alone saw a loss of ₹(104.78) lakhs versus ₹(4.54) lakhs in the year-ago quarter. The auditor (Maheshwari & Co.) issued an unmodified opinion but flagged an Emphasis of Matter around pending reconciliations of loans, advances and dormant bank accounts, plus retrospective ECL provisioning treated as a prior period error.
Negative for shareholders — the company is loss-making with widening losses, negative reserves of ₹(437.66) lakhs, no core operating revenue, and fresh long-term borrowings of ₹322.14 lakhs being added to the books, signalling continued reliance on debt to fund operations.