Please find enclosed financial results for the quarter and year ended 31st March, 2025
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Purple Finance Limited reported audited results for FY25 with revenue from operations tripling year-on-year from Rs 442.24 lakhs to Rs 1,472.00 lakhs, driven mainly by interest income rising to Rs 1,137.29 lakhs from Rs 290.44 lakhs. Despite strong top-line growth, the company remained in the red with net loss widening to Rs (1,554.82) lakhs versus Rs (761.27) lakhs in FY24, giving an EPS of Rs (4.02). Employee benefit expenses nearly doubled to Rs 2,156.45 lakhs and finance costs jumped to Rs 573.14 lakhs, eating into the revenue gains. The statutory auditor issued an unmodified opinion on the results, while the company prepares a Rs 42 crore rights issue and continues to fund operations through fresh debt and share issuances (Rs 4,372.63 lakhs raised via equity in FY25).
Sustained losses and deeply negative operating cash flows raise concerns about near-term profitability even as the loan book grows sharply, though the upcoming rights issue and debt drawdowns provide liquidity cushion. Shareholders should watch whether management can convert the rapid revenue scaling into bottom-line recovery and contain employee and borrowing costs.