Results as on 31st March 2025
Awaiting price reaction for this filing.
Mega Fin (India) Ltd reported audited FY25 results with total income of Rs 29.94 lakhs (vs Rs 27.09 lakhs in FY24) and net profit of Rs 23.08 lakhs, up from Rs 12.69 lakhs in FY24 — an increase of about 82%. Total expenses dropped sharply to Rs 3.10 lakhs from Rs 8.49 lakhs, which drove the profit jump. EPS rose to Rs 0.28 from Rs 0.16. However, the auditor flagged serious concerns in the Emphasis of Matter: the company has accumulated losses, its operations are at a standstill, and it no longer meets the minimum net worth required to continue as an NBFC. Other Equity stands deeply negative at Rs (669.11) lakhs, and cash on hand is just Rs 0.69 lakhs.
Despite the headline profit growth, the company is in severe financial distress with eroded net worth, a going-concern qualification, and minimal cash. This is a high-risk stock — shareholders should be cautious as the company may struggle to continue as a going concern and regulatory action on its NBFC status is possible.