Annual Report of FY 2024-25
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Goenka Business & Finance Ltd, an RBI-registered non-deposit taking NBFC, has submitted its 38th Annual Report for the year ended 31st March 2025. Revenue from Operations fell about 12.7% to ₹7,502.71 lakhs from ₹8,596.07 lakhs, while Other Income of ₹308.30 lakhs boosted total income. Total expenditure rose to ₹7,811.01 lakhs, but PBIDT improved by 12.5% to ₹1,641.63 lakhs, showing better operating efficiency. However, a sharp jump in finance costs to ₹1,690.31 lakhs (from ₹1,118.29 lakhs) pushed the company into a Loss Before Tax of ₹50.73 lakhs and a Net Loss of ₹33.47 lakhs, against a profit of ₹232.90 lakhs last year. No dividend has been recommended and no transfer was made to the Statutory Reserve due to the loss. The 38th AGM is scheduled for 26 September 2025 via video conferencing, with items including adoption of accounts, reappointment of Mr. Bhavikkumar Prajapati, and appointment of M/s Aanal Satyawadi & Co. as Secretarial Auditor for five years.
Shareholders should note that despite better operational performance (PBIDT up 12.5%), higher interest costs dragged the company into a small net loss, reversing last year's profit, so there is no dividend this year. The AGM will also seek approval for a new Secretarial Auditor for a five-year term and a director's reappointment, both of which are routine but require shareholder votes.