Financial Results - 31.03.2025
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MKVentures Capital, a non-banking financial company, reported a sharp slowdown in FY25. Standalone total income fell to Rs 2,752.07 lakhs from Rs 4,139.79 lakhs in FY24, a drop of about 34%. Standalone profit after tax declined to Rs 937.70 lakhs from Rs 2,108.20 lakhs, down roughly 56%. The Q4 standalone results swung to a loss of Rs 534.84 lakhs against a profit of Rs 586.71 lakhs in Q4 FY24, mainly because of a large impairment charge on financial instruments of Rs 857.13 lakhs booked in the quarter. Consolidated FY25 PAT was Rs 949.04 lakhs versus Rs 2,117.40 lakhs the previous year. The board also appointed new secretarial and internal auditors.
Shareholders should note a steep fall in full-year earnings and a Q4 loss driven by impairment in the loan and investment book. The CRAR remains healthy at 83.55%, but cash balances have dropped sharply to Rs 57.52 lakhs from Rs 2,871.12 lakhs a year ago, which may weigh on the stock in the near term.