We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., May 29, 2025, has, inter alia, considered and approved the Audited Financial Results (Ind-AS) ....
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India Home Loan Ltd reported audited FY25 results with revenue from operations of Rs 1,360.17 lakhs (up ~13% from Rs 1,201.83 lakhs in FY24) and a turnaround to a net profit of Rs 27.28 lakhs, compared to a loss of Rs 344.46 lakhs in FY24. Q4 FY25 PAT was marginal at Rs 1.12 lakhs versus a loss of Rs 210.99 lakhs in Q4 FY24. Finance costs fell sharply to Rs 767.89 lakhs from Rs 956.80 lakhs, helping drive profitability. However, the statutory auditor (H K Shah & Co.) issued an unqualified opinion with an explicit Emphasis of Matter stating that the 'going concern view of the company is now marginally existing.' Assets under Management shrank from Rs 56.08 Cr (Dec 2024) to Rs 49.61 Cr (March 2025), and the company disclosed it is in talks with bankers to convert outstanding NCDs (Rs 20 Cr raised in 2020) into a term loan or secure a moratorium. Gross NPA stood at 3.22% and Net NPA at 2.31%, with a debt-equity ratio of 1.28 and total debt-to-assets at 49.43%.
Although the company returned to profit, the auditor's going-concern warning, shrinking loan book, and ongoing NCD restructuring talks signal underlying stress. Shareholders should view the profitability as fragile and closely watch debt resolution progress and AUM trends, as these could materially affect the stock and debenture holders.