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Hasti Finance Ltd, a small NBFC, reported audited results for FY26 with total revenue of Rs. 17.58 Lakhs, down significantly from Rs. 45.02 Lakhs in the previous year (61% decline). The company posted a net loss of Rs. 625.95 Lakhs for the year, though improved from Rs. 815.48 Lakhs loss in FY25. A major loan write-off of Rs. 455.71 Lakhs was made for NPA accounts. Total assets halved to Rs. 698.53 Lakhs, with loans declining to Rs. 364.87 Lakhs from Rs. 910.38 Lakhs. Critically, Other Equity turned negative at Rs. (520.49) Lakhs from positive Rs. 105.45 Lakhs previously. The auditors issued an unmodified opinion and the board approved related party transactions under Section 188 of Companies Act 2013.
The significant revenue decline, large loan write-offs, shrinking asset base, and negative shareholder equity signal serious financial stress for this small NBFC. Despite clean audit opinion, the deteriorating capital position and near-zero operating cash flow are concerning for shareholders.