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BSEPrism Finance Ltd· FinanceHighNeutral
Announced Fri, 30 May, 2025 · 18:28 IST

Audited Financial Results for the year ended on March 31, 2025 along with Auditors'' Report thereon

Qualified audit opinionNet loss reportedRevenue declinedNegative operating cash flowResults View source PDFExplain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction

Awaiting price reaction for this filing.

AI summary

Prism Finance Ltd reported a net loss of ₹101.75 lakh for FY25, a sharp reversal from a profit of ₹516.14 lakh in FY24. Total revenue from operations fell about 38% to ₹571.86 lakh from ₹915.93 lakh, while total expenses surged nearly 5x to ₹842.41 lakh, driven by net loss on fair value changes of ₹375.25 lakh and net loss on derecognition of financial instruments of ₹321.07 lakh. The company swung from operating cash inflow of ₹266.82 lakh to outflow of ₹645.98 lakh. Cash and cash equivalents dropped sharply to just ₹2.38 lakh from ₹34.85 lakh. The statutory auditor (H K Shah & Co.) issued a Qualified Opinion because the company has not provided for impairment on its ₹100 lakh investment in BVM Finance Pvt. Ltd., whose net worth is negative and which is under CIRP. If adjusted, the loss would deepen to ₹201.75 lakh and net worth would fall to ₹2,112.63 lakh.

Likely market impact

Shareholders face a weak year with a swing to loss, sharply negative operating cash flow, and a repeat audit qualification on a dubious investment. The auditor-flagged issue means reported losses are understated, which is a negative signal for the stock and raises concerns about asset quality.