Sir, Submitting herewith 38th Annual Report of our Company for the Financial year 2024-2025. Kindly acknowledge, For Hybrid Financial Services Limited Company Secretary
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Hybrid Financial Services Limited submitted its 38th Annual Report for FY 2024-25, reporting a net profit after tax of Rs. 205.93 Lakhs, more than doubling from Rs. 88.01 Lakhs in the previous year. Gross income rose to Rs. 352.97 Lakhs from Rs. 209.13 Lakhs, supported by a Rs. 465.07 Lakhs reversal of contingency provisions no longer required. The board declared a 1% dividend on preference shares (Rs. 1.40 Lakhs) but skipped any equity dividend to conserve cash. A major agenda item is the proposed merger of wholly-owned subsidiary Maximus Securities Limited (which earned Rs. 187.76 Lakhs net profit) into the company, pending NCLT approval, which would make stock broking a core business activity. The 38th AGM is scheduled for 12th September 2025 via video conferencing, with resolutions covering director re-appointments, secretarial auditor appointment, and MoA/AoA amendments.
The sharp jump in net profit is largely supported by a one-time reversal of old contingency provisions rather than core operational strength, so retail investors should not assume this earnings level is sustainable. The real long-term catalyst is the pending merger of stock broking subsidiary Maximus Securities into the parent, which could shift the company's business focus and potentially unlock value. No equity dividend means income-seeking investors won't get returns, and the small size of the company means stock price impact from these developments may be limited.