submission of results 31-03-2025
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Magnanimous Trade & Finance Ltd, a Jaipur-based non-deposit taking NBFC, submitted audited results for FY25. Revenue from operations jumped roughly 10x to Rs 1,042.15 lakhs (vs Rs 104.07 lakhs in FY24), driven mainly by sales of Rs 970.17 lakhs and higher interest income of Rs 71.99 lakhs. However, FY25 Profit After Tax fell sharply to Rs 468.85 lakhs (from Rs 1,827.65 lakhs) because FY24 was inflated by a one-time Rs 3,539.50 lakh profit on sale of investment booked under other income. EPS dropped to Rs 39.42 from Rs 153.67. The Q4 (March 2025 quarter) standalone PAT was a modest Rs 18.58 lakhs versus Rs 1,808.53 lakhs in Q4 FY24, reflecting weak quarter-end activity. The auditor issued an unqualified opinion. Cash on hand collapsed from Rs 1,846.96 lakhs to Rs 157.34 lakhs while loans advanced from Rs 1,001.84 to Rs 2,281.76 lakhs. CRAR remained comfortable at 105.15% (well above the 15% RBI minimum).
The headline PAT plunge is largely a comparison effect from a one-off FY24 investment gain, so core business actually looks healthier this year with revenue from operations growing tenfold. However, the steep cash erosion (about Rs 1,689 lakhs gone) and rising loan book with negative operating cash flow warrant caution, though the company's strong capital adequacy (CRAR 105%) limits near-term solvency risk for shareholders.