submission of audited financials for quarter and year ended31-03-2025
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Awaiting price reaction for this filing.
Magnanimous Trade & Finance Ltd, a Jaipur-based NBFC, reported audited standalone results for FY25 with total revenue from operations surging to Rs 1,042.15 lakhs from Rs 104.07 lakhs in FY24, driven mainly by sales income of Rs 970.17 lakhs. However, total income fell to Rs 1,079.74 lakhs from Rs 3,717.03 lakhs because FY24 had a one-time profit on sale of investment of Rs 3,539.50 lakhs that did not repeat. Profit after tax dropped to Rs 468.85 lakhs (from Rs 1,827.65 lakhs), translating to EPS of Rs 39.42 versus Rs 153.67. The company's loan book expanded sharply from Rs 1,001.84 lakhs to Rs 2,281.76 lakhs, while cash balances plunged from Rs 1,846.96 lakhs to Rs 157.34 lakhs, leading to negative operating cash flow of Rs 1,594.14 lakhs. CRAR stood at 105.15% (vs 207.81%), still well above the 15% RBI minimum. The statutory auditors issued an unqualified report.
While core lending/investment activity scaled up significantly, the sharp drop in profitability and negative operating cash flow may weigh on sentiment. Shareholders should note the heavy deployment into loans has drained cash reserves, even though the balance sheet remains well-capitalised and the audit is clean.