Annual Audited Financial Results for FY 31-03-2025
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Kinetic Trust, an RBI-registered NBFC (Loan Company), filed its FY25 audited results with a clean (unmodified) auditor's opinion. Revenue from operations nearly tripled to Rs. 118.24 lakhs from Rs. 48.30 lakhs, while profit after tax almost doubled to Rs. 18.21 lakhs (from Rs. 9.19 lakhs). Total assets expanded to Rs. 2,039 lakhs, driven mainly by growth in the loan book to Rs. 1,805 lakhs. Borrowings climbed to Rs. 1,530 lakhs, pushing debt-to-equity to roughly 3.8x. Operating cash flow swung to a positive Rs. 26.79 lakhs from a negative Rs. 205.50 lakhs in FY24. A key concern flagged by the auditor: Net Owned Fund stands at Rs. 4.02 crore, below the Rs. 5 crore RBI minimum for NBFC-ND, because the company is under a takeover process that prevents raising capital — this has already been disclosed to RBI and SEBI.
Strong revenue and profit growth and a clean audit opinion are positives for shareholders, but the high leverage (~3.8x D/E) and NOF shortfall below the RBI's NBFC-ND threshold are red flags that could attract regulatory scrutiny. The ongoing takeover process is a material event to watch, as it will determine the company's ability to regularise its capital position.