To consider and approve the unaudited financial results for the quarter ended June 30, 2025.
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Sakthi Finance, a Coimbatore-based NBFC, reported Q1 FY26 total revenue from operations of ₹5,374.56 lakhs, up about 1% year-on-year from ₹5,320.51 lakhs. Profit after tax rose to ₹411.92 lakhs (₹0.64 per share) from ₹388.81 lakhs (₹0.60 per share) in Q1 FY25, a roughly 6% YoY increase, though net profit margin slipped to 7.66% from 8.69% in the previous quarter due to higher finance costs (₹3,126 lakhs vs ₹2,943 lakhs YoY). Asset quality improved: Net NPA fell to 2.17% from 2.82% a year earlier, and provision coverage ratio rose to 54.87% from 49.67%. Capital adequacy stood healthy at 18.43%. The company raised ₹100 crore via a public NCD issue during the quarter and redeemed prior NCDs worth ₹4,395 lakhs on time, with no defaults reported. The auditor changed from M/s CSK Prabhu & Co. to M/s P N Raghavendra Rao & Co., who issued an unmodified limited review opinion.
Stable quarter with modest earnings growth and improving asset quality, though rising borrowing costs are squeezing margins. The auditor change is worth noting but the new auditor's clean opinion and the company's comfortable capital adequacy (18.43%) and 1.11x security cover on NCDs are reassuring for debenture holders and shareholders.