Audited Standalone Financial Result of the company for the year ended 31st March 2025
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Hasti Finance Limited, a non-deposit taking NBFC, reported a sharp swing to losses for FY25. Total income stayed flat at Rs. 45.02 lakhs, while total expenses ballooned to Rs. 860.56 lakhs (from Rs. 105.78 lakhs in FY24), driven mainly by a Rs. 533.44 lakh write-off of NPAs and Rs. 236.40 lakhs in impairment charges. The company posted a net loss of Rs. 815.48 lakhs versus a net profit of Rs. 49.56 lakhs in FY24, translating to a loss per share of Rs. 7.80. Total assets shrank to Rs. 1,347.58 lakhs from Rs. 2,183.88 lakhs, and other equity fell to just Rs. 105.45 lakhs. The auditor flagged delays in recovery proceedings and weak documentation around loan write-offs as an Other Matter, but issued an unmodified opinion.
Shareholders face a steep deterioration — the company swung from profit to a deep loss, its equity base has been nearly wiped out, and cash on hand is negligible at Rs. 0.10 lakhs. The stock is likely to react negatively given the magnitude of the write-offs and the erosion of book value.