Outcome of the Board Meeting held on 15th May, 2025
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The Board of Lerthai Finance Ltd approved the audited financial results for the quarter and year ended March 31, 2025, with the statutory auditor B. D. Jokhakar & Co. issuing an unmodified (unqualified) opinion. The company reported total income of Rs. 46.93 lakhs for FY25, sharply lower than Rs. 162.29 lakhs in FY24, as there was no revenue from operations and other income fell significantly. The company slipped into a net loss of Rs. 1.88 lakhs for the full year against a profit of Rs. 75.94 lakhs last year, with Q4 FY25 alone posting a loss of Rs. 18.75 lakhs. The balance sheet remains strong with total equity of Rs. 1,012 lakhs, investments of Rs. 317 lakhs, and cash and bank balances of Rs. 724 lakhs, though operating cash flow stayed negative at Rs. (43.32) lakhs. The company operates in a single investment segment and has no debt on its books.
Short-term negative for shareholders as the company moved from profit to loss and saw a steep drop in income, but the clean audit opinion and debt-free, cash-rich balance sheet provide stability. Investors should watch whether the company can revive income generation, as it is currently dependent entirely on investment returns.