Audited financial results as on 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manipal Finance Corporation Ltd has submitted its audited financial results for FY ending March 31, 2025. The statutory auditor, Sriramulu Naidu & Co., has issued a Qualified Opinion on the results, with the same qualification repeating since 1999-2000. The auditor flagged a material doubt about the company's ability to continue as a going concern, noting that the company has incurred losses and most of its funds are stuck in Non-Performing Assets. The company reported a net loss for the year, though the bottom line was propped up by exceptional income — without it, the loss would have been larger. Operating cash flow worsened sharply, turning to a negative ₹743.58 lakhs from a negative ₹31.59 lakhs in the prior year.
This is a significant red flag for shareholders. The repeated qualified audit opinion for over two decades, combined with the going concern doubt and worsening cash burn, raises serious concerns about the company's long-term viability. Investors should treat this stock with extreme caution.