The Board of Directors in their meeting held today, have approved the Standalone Audited Financial Results for the financial year 2024-25 ended on 31st March, 2025. Pursuant to Regulation ....
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Prism Finance Ltd's Board approved its standalone audited results for the year ended March 31, 2025. Total revenue from operations fell sharply to ₹571.89 lakh from ₹915.93 lakh in FY24, a decline of about 37.6%. The company swung from a profit of ₹516.14 lakh in FY24 to a net loss of ₹101.75 lakh in FY25, with loss before tax of ₹270.52 lakh versus a profit of ₹741.73 lakh earlier. EPS turned negative at ₹(1.57) versus ₹7.94 previously. Operating cash flow was deeply negative at ₹(645.98) lakh, and cash on hand shrank from ₹34.85 lakh to just ₹2.38 lakh. The statutory auditor issued a qualified opinion, flagging that a ₹100 lakh investment in BVM Finance Pvt. Ltd. (which is under CIRP with negative net worth) was not written down, understating losses — if adjusted, the loss would deepen to ₹201.75 lakh and net worth would fall by ₹100 lakh. The qualification is repetitive, having first appeared in 4QFY24.
Shareholders face a clear deterioration — loss-making year, collapsing revenues, negative operating cash flow, and an auditor qualification that hides an additional ₹100 lakh loss. The investment in the insolvent CIRP company is at serious risk, and management has not yet quantified or acted on the impairment, which raises concerns about asset quality and earnings transparency.