Reliance Home Finance Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
RHFL · price
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On the reaction day the stock moved 8.7 pts more than Nifty Microcap 250 and 9.3 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Reliance Home Finance Limited reported audited FY25 results with a qualified opinion from auditors Tambi & Jaipurkar, who flagged material uncertainty about the company's ability to continue as a going concern. The company had already transferred its business to Reliance Commercial Finance Limited under a Supreme Court-approved resolution plan, surrendered its housing finance licence to the RBI, and is exploring voluntary liquidation. An IBC petition by Invent Assets Securitisation claiming Rs 7.81 crore is pending at NCLT Mumbai. Headline PAT swung to a profit of Rs 2,417.34 lakhs versus a loss of Rs 354.88 lakhs in FY24, but this was entirely driven by exceptional items of Rs 2,823.05 lakhs (liabilities written back). Underlying operations remained loss-making with a loss before exceptional items of Rs 412.31 lakhs. Net worth is deeply negative at Rs (5,300.80) lakhs with a debt-equity ratio of (0.99). SEBI has also imposed penalties and trading restrictions on the company and its former KMPs.
The company is essentially a shell post-resolution plan with negative net worth, pending IBC proceedings, and regulatory action from SEBI. The going concern qualification and ongoing IBC case pose significant risk to existing shareholders, who are unlikely to see recovery. The stock remains highly speculative and risky.