Results for the Financial Year Ended 31.03.2025
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Northlink Fiscal and Capital Services Ltd, an RBI-registered NBFC based in Ludhiana, announced its audited financial results for FY ended March 31, 2025. Total income from operations fell to ₹39.63 lakhs from ₹50.34 lakhs in the previous year, a decline of about 21%. The company swung to a loss as total expenses ballooned to ₹116.24 lakhs (from ₹50.82 lakhs), largely due to an impairment loss on financial assets of ₹48.83 lakhs and higher depreciation. Total assets shrank to ₹6.38 crore from ₹7.38 crore, while loans outstanding dropped to ₹3.32 crore from ₹4.50 crore. The statutory auditor M/s Rajiv Rajinder & Co. issued an unmodified (clean) opinion but flagged several emphasis-of-matter items including missing internal audit reports, SEBI penalties on directors/promoters, pending balance confirmations, and non-filing of income tax audits for prior years.
Shareholders should note the company reported a loss for FY25 driven by a sharp ₹48.83 lakh impairment on financial assets, alongside a notable revenue decline. The SEBI penalty on promoters/directors and corporate governance concerns (no internal audit, pending tax audits) are red flags that may weigh on investor sentiment despite the clean audit opinion.