Enclosed the Audited Standalone Financial Results of the Company for the quarter and year ended March 31, 2025
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Moongipa Capital Finance, a small NBFC, reported audited FY25 results with total income of Rs. 909.43 lakhs (down from Rs. 962.18 lakhs in FY24, a ~5.5% decline) and full-year profit after tax of Rs. 137.70 lakhs (down ~21% from Rs. 174.51 lakhs last year). EPS for the year came in at Rs. 3.01 vs Rs. 5.71 previously. The fourth quarter alone swung to a loss of Rs. 53.08 lakhs, compared to a profit of Rs. 2.35 lakhs in Q4 FY24, as total income fell sharply from Rs. 313.21 lakhs to Rs. 120.22 lakhs. The balance sheet expanded dramatically — total assets grew from Rs. 659.78 lakhs to Rs. 3,053.79 lakhs following a Rights Issue that raised Rs. 1,527.40 lakhs in January 2025, while new borrowings of Rs. 700.71 lakhs were added. The Board also withdrew a proposed preferential issue of 25 lakh convertible warrants at Rs. 30 each, citing market volatility. The auditor (Sunil K. Gupta & Associates) issued an unmodified opinion.
Mixed signals for shareholders: the stock base and balance sheet have expanded materially via the Rights Issue, but the Q4 loss, falling annual PAT, and a deeply negative operating cash flow of Rs. (1,164) lakhs suggest underlying business performance is weakening. Withdrawal of the planned warrant issue removes a potential dilution event but also signals management could not find investors at the proposed terms in current market conditions.