Submission of audited financial result for the quarter and year ended 31st march 2025.
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Awaiting price reaction for this filing.
Magnanimous Trade & Finance Ltd re-filed its audited March-quarter and FY25 results with BSE after mistakenly attaching the wrong file in its earlier 30 May submission. The auditor (Gupta & Shah) issued an unmodified (clean) opinion on the standalone results. For FY25, total income fell sharply to Rs. 1,079.74 lakhs from Rs. 3,717.03 lakhs in FY24, as FY24 had a one-time large 'other income' of Rs. 3,612.96 lakhs (profit on sale of investments). Excluding that, revenue from operations actually grew around 10x to Rs. 1,042.15 lakhs from Rs. 104.07 lakhs, driven by a jump in sales (Rs. 970.17 lakhs vs Rs. 79.79 lakhs). Profit after tax dropped to Rs. 468.85 lakhs (EPS Rs. 39.42) from Rs. 1,827.65 lakhs (EPS Rs. 153.67). Q4 standalone PAT was a modest Rs. 18.58 lakhs. The company also reported negative operating cash flow of Rs. 1,594.14 lakhs for FY25 and its cash balance fell to Rs. 157.34 lakhs from Rs. 1,846.96 lakhs.
Clean audit opinion is a positive, but the sharp fall in total income and PAT reflects the absence of last year's one-time investment gain rather than weak operations. The deeply negative operating cash flow and depleted cash balance are red flags for a small NBFC and could concern investors, though equity remains intact.