Annual Report for the Financial year ended March 31, 2025.
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Kreon Finnancial Services Ltd (BSE: 530139) submitted its Annual Report for FY2024-25. Total revenue grew strongly by about 62.8% year-on-year to ₹2,665.05 Lakhs (from ₹1,637.28 Lakhs in FY24), driven by its StuCred digital lending app for students. However, the company swung from profit to loss, posting a Profit After Tax of ₹(414.14) Lakhs compared to ₹62.32 Lakhs in FY24, with EPS turning negative at ₹(2.05). ROE and ROCE were also negative at -13.38% and -2.16% respectively, while cost of funds jumped sharply to 8.6% from 2.26%. On the positive side, Gross NPAs improved significantly to 4.27% from 22.57% in FY24, and the company now serves 21,000+ colleges across India. The AGM is scheduled for August 29, 2025 via video conferencing.
Mixed picture for shareholders: strong revenue growth and improved asset quality are positives, but the swing to a ₹414+ lakh loss, negative ROE/ROCE, and sharply higher cost of funds signal financial stress and may weigh negatively on the stock in the near term.