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India Finsec's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. On a consolidated basis, total income rose to Rs 7,192.32 lakhs (from Rs 6,413.71 lakhs) and profit after tax jumped about 49% to Rs 1,812.85 lakhs (from Rs 1,217.18 lakhs), driven mainly by subsidiary IFL Finance Limited. Statutory auditor Ajay Rattan & Co. issued an unmodified (clean) opinion. On the standalone level, the company is nearly dormant with total income of just Rs 41.17 lakhs and PAT of Rs 2.01 lakhs. The board also approved the appointment of a new Secretarial Auditor (Sarita Singh & Associates), Internal Auditor (Himanshu Sunil & Associates), and re-appointment of Independent Director Purva Mangal via postal ballot.
Shareholders should note two key developments: (1) consolidated earnings nearly grew 50% on the back of subsidiary IFL Finance, and (2) India Finsec plans to surrender its NBFC license and become an unregistered Core Investment Company, while its housing finance subsidiary converts to an NBFC — a significant restructuring that could change the group's risk and growth profile pending RBI approval.