Outcome of Board Meeting held on May 16, 2025 along with financial Results.
Awaiting price reaction for this filing.
Sammaan Capital (formerly Indiabulls Housing Finance) reported a consolidated net loss of Rs. 1,807.46 crores for FY25, a sharp swing from a profit of Rs. 1,216.97 crores in FY24, driven mainly by a massive jump in loan impairment provisions to Rs. 5,068.50 crores (vs Rs. 768.44 crores last year). Total revenue from operations inched up modestly to Rs. 8,623.33 crores from Rs. 8,474.87 crores. For Q4 FY25 alone, the company swung to a profit of Rs. 324.04 crores (vs Rs. 319.43 crores in Q4 FY24) on total income of Rs. 2,132.45 crores. The loan book shrank to Rs. 44,914.85 crores from Rs. 52,748.86 crores, while investments nearly doubled to Rs. 14,218.99 crores. Operating cash flow was strongly positive at Rs. 8,771.63 crores, supported by Rs. 3,777.24 crores raised via equity issuance. Joint statutory auditors Nangia & Co LLP and M Verma & Associates issued an unmodified (clean) opinion on the results. The company also transferred the legacy wholesale loan business from its wholly-owned subsidiary Sammaan Finserve for Rs. 530 crores during the year.
The Rs. 1,807 crore annual loss is a significant negative for shareholders, mainly due to sharply higher loan loss provisions, though quarterly profitability and strong operating cash flow provide some comfort. Investors should watch for asset quality trends and provisioning in coming quarters, as the elevated impairments suggest continued stress in the loan book.