Audited Financial results for the quarter and year ended March 31, 2025
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Paragon Finance Limited reported its audited financial results for FY2024-25, with total income from operations falling to ₹279.85 lakhs from ₹363.24 lakhs in FY2023-24, a decline of roughly 23%. Net profit for the full year dropped sharply to ₹31.46 lakhs from ₹85.90 lakhs, translating into basic EPS of ₹0.74 versus ₹2.02 last year. The March 2025 quarter alone slipped into a net loss of ₹81.59 lakhs compared with a profit of ₹44.73 lakhs in the year-ago quarter. Total assets grew modestly to ₹3,212.31 lakhs, while loans on the book shrank to ₹1,097.40 lakhs and investments rose to ₹1,685.59 lakhs. Operating cash flow turned positive at ₹122.25 lakhs versus a negative ₹542.45 lakhs in FY24, and the company reported zero outstanding debt or defaults. The statutory auditor Mandawewala & Co. issued an unmodified opinion, and Mrs. Rupal Patel was appointed as secretarial auditor for FY2024-25.
The sharp drop in full-year profit and the swing to a quarterly loss are negative signals for shareholders, though the loan book contraction and zero debt position reflect a more conservative balance sheet. The decline in revenue and profit, alongside significant related-party lending activity, may weigh on investor sentiment in the near term.