Outcome of the Board Meeting
Price
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Awaiting price reaction for this filing.
The board, at its meeting on May 30, 2025, approved the audited financial results for Q4 and full year ended March 31, 2025. Total income nearly tripled from about Rs. 32,336 in FY24 to about Rs. 94,281 in FY25, with revenue from operations remaining negligible and most income coming from 'other income'. Profit after tax surged from Rs. 758 to Rs. 63,416, lifting basic EPS from Rs. 0.01 to Rs. 0.29. Total assets grew to around Rs. 74 lakhs (from Rs. 62.5 lakhs), while borrowings rose sharply from Rs. 28 lakhs to nearly Rs. 40 lakhs, pushing up the debt-to-equity ratio. Cash flow from operations stayed negative at about Rs. (11.16) lakhs, although improved from Rs. (29.36) lakhs in FY24. The statutory auditor issued an unmodified opinion on the results.
Headline profit growth looks dramatic, but the company is a micro-cap NBFC with virtually no core operating revenue, rising borrowings, and persistently negative operating cash flows, which raises concerns about the sustainability and quality of the earnings.