Pursuant to Reg 33 of the SEBI (LODR) Reg, 2015 financial results for quarter and year ended 31st March 2025
Awaiting price reaction for this filing.
Nicco Uco Alliance Credit Limited (BSE: 523209), a Kolkata-based NBFC, submitted its audited standalone and consolidated results for Q4 and FY25 ended 31 March 2025. Standalone total income collapsed sharply to Rs. 16.71 lakhs from Rs. 65.81 lakhs in FY24, a steep drop of about 75%. Net loss widened to Rs. 1,383.18 lakhs (FY24 loss: Rs. 1,150.39 lakhs), translating to a basic EPS of Rs. -1.71. The balance sheet shows deeply negative net worth of Rs. -67,116.50 lakhs, with current borrowings of Rs. 10,476.64 lakhs and other financial liabilities of Rs. 56,305.37 lakhs against total assets of just Rs. 496.16 lakhs. The auditor, M/s Basu Chanchani & Deb, issued a qualified opinion flagging going concern issues (RBI cancelled the company's NBFC licence in 2005, appeal still pending), non-confirmation of bank balances on NPA accounts, and non-provision of interest of Rs. 2,044 crores on bank dues since April 2015, alongside a material uncertainty note that the company cannot meet its liabilities as they fall due.
This is a deeply distressed micro-cap stock with negative net worth, a qualified audit opinion, NBFC licence cancellation under appeal, SFIO proceedings, and bank loan defaults — shareholders face very high risk of further value erosion or even liquidation, and retail investors should treat the stock as essentially uninvestable.