Audited Standalone Financial Results for the quarter and year ended March 31, 2025 along with Independent Audit Report issued by M/s Jayantilal Thakkar & Co., Chartered Accountants.
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Savani Financials Limited (an NBFC, traded as SAVFI on BSE) reported audited results for FY25 with total revenue rising sharply to around Rs. 1,229 lakhs from Rs. 515 lakhs in FY24, more than doubling year-on-year. However, the company posted a net loss of Rs. 875.60 lakhs for FY25, significantly wider than the Rs. 200 lakh loss in FY24. Cash flow from operating activities was also negative at Rs. (529.31) lakhs, though closing cash and equivalents improved to Rs. 651.86 lakhs aided by a rights issue and share premium inflow of Rs. 27.93 crore. The statutory auditor M/s Jayantilal Thakkar & Co. issued an unqualified/unmodified opinion on the financial results. The Board also approved plans to raise funds through various modes including secured NCDs up to Rs. 15 crore on private placement basis, and issuance of 9,60,000 sweat equity shares to the CEO. Capital risk adequacy ratio remains strong at 10,856% with networth of Rs. 39.96 crore.
While revenue growth is impressive, the deepening losses and negative operating cash flow raise concerns about the company's near-term profitability. Existing shareholders may face dilution from the proposed fund-raising and sweat equity issuance, though the strong capital adequacy ratio and unmodified audit opinion provide some comfort.