OUTCOME OF BOARD MEETING
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Rita Finance and Leasing Ltd's Board of Directors approved the audited standalone financial results for the quarter and financial year ended March 31, 2025. Statutory auditors M/s J Singh & Associates issued an unmodified (clean) audit opinion on the results. The company swung from a profit of Rs. 60.31 lakhs in FY24 to a net loss in FY25, with negative EPS of Rs. (0.17). Despite this, interest income grew roughly 77% year-on-year to Rs. 30.46 lakhs from Rs. 17.19 lakhs. Total expenses nearly doubled to Rs. 79.77 lakhs from Rs. 41.59 lakhs, driving the bottom line into the red.
A clean audit opinion is reassuring for credibility, but the sharp swing to a loss despite strong revenue growth points to cost pressures or one-time charges. Shareholders should watch for clarity on expense drivers and the path back to profitability in upcoming quarters.