Appointment of Secretarial Auditor and Internal Auditor of the company
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Awaiting price reaction for this filing.
Jhaveri Credits & Capital's board met on May 28, 2025 and approved audited financial results for the quarter and year ended March 31, 2025, with statutory auditor KDN & Associates LLP issuing an unmodified opinion. For FY25, total revenue stood at Rs 2,332.12 lakhs (down from Rs 2,641.73 lakhs in FY24), but net profit improved to Rs 240.94 lakhs (vs Rs 161.03 lakhs), translating to a basic EPS of Rs 2.68 (vs Rs 1.79). However, Q4 FY25 was weak, with the company posting a loss of Rs 100.04 lakhs versus a profit of Rs 35.06 lakhs in Q4 FY24. The board also appointed M/s ALAP & Co. LLP as Secretarial Auditor for a 5-year term from FY26, and M/s V V Patel & Co. as Internal Auditor for FY26.
Routine auditor appointments are positive for governance but largely procedural. The mixed FY25 picture — higher annual profit but a sharp Q4 loss and falling revenue — may concern investors and could put short-term pressure on the stock.