The board meeting was held today at the registered office of the company to approve the audited financial results for the quarter and year ended 31st March, 2025. The meeting commenced ....
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Kanungo Financiers Limited submitted its audited financial results for Q4 and full year FY25 to BSE. Total income for FY25 rose about 45% year-on-year to Rs. 161.79 lakhs, driven mainly by higher other income (which includes interest income for this NBFC). However, profit after tax dipped roughly 10% to Rs. 23.55 lakhs from Rs. 26.22 lakhs last year, because finance costs nearly doubled to Rs. 114.95 lakhs from Rs. 57.82 lakhs. Q4 alone saw PAT fall about 51% to Rs. 7.01 lakhs versus Rs. 14.29 lakhs in the year-ago quarter. Total assets grew to Rs. 2,890.36 lakhs from Rs. 1,861.58 lakhs, with borrowings rising sharply to Rs. 2,123.14 lakhs from Rs. 1,113.47 lakhs. The statutory auditor HSK & Co LLP issued an unmodified (clean) audit opinion.
Higher top-line growth is positive, but shrinking profits despite rising income show rising borrowing costs are eating into margins — a watch-out for shareholders. The sharp increase in borrowings combined with negative operating cash flow may raise concerns about the company's leverage and cash generation, though the clean audit opinion provides some comfort.