The Board of Directors in the meeting considered and approved following: 1. The Audited Financial Results of the Company for the Fourth quarter and year ended on March 31, 2025 along ....
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Hasti Finance Limited's Board approved audited financial results for Q4 and FY ended March 31, 2025, along with an unmodified audit opinion from the statutory auditor. The company swung from a net profit of Rs. 49.56 lakhs in FY24 to a steep net loss of Rs. 815.54 lakhs in FY25, largely driven by bad debt write-offs. The company wrote off loans of Rs. 10.72 crores (net Rs. 5.65 crores after ECL adjustments) classified as NPAs in earlier periods, plus an additional Rs. 2.72 crores written off as capital advances. Total assets shrank from Rs. 2,183.88 lakhs to Rs. 1,347.58 lakhs, and other equity eroded sharply from Rs. 951.05 lakhs to Rs. 105.45 lakhs. Cash and cash equivalents at year-end stood at a negligible Rs. 0.10 lakhs. The auditor, while issuing a clean opinion, separately highlighted governance concerns including delays in initiating recovery proceedings post default and lack of documentation on enforcement actions.
Sharp swing to a large net loss, heavy NPA write-offs, and significant erosion of shareholder equity are serious red flags for retail investors. Despite a clean audit opinion, the weakened balance sheet and near-zero cash position may weigh on sentiment and pressure the stock price.