1. The Board approved the Unaudited Standalone and Consolidated Financial Results along with the Limited Review Report of the Auditor for the Quarter Ended 30 June, 2025 2. The Board ....
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Srestha Finvest reported Q1 FY26 (quarter ended June 30, 2025) standalone net profit of Rs 217.41 lakhs versus Rs 3,100.62 lakhs in Q1 FY25, though the year-ago quarter was boosted by one-time trading gains of Rs 3,290.77 lakhs on shares. Total income fell to Rs 367.54 lakhs from Rs 3,950.01 lakhs year-on-year, but core interest income from the lending business actually grew modestly to Rs 320.52 lakhs from Rs 310.51 lakhs. The auditor (Darpan & Associates) issued a qualified conclusion because the company did not book Rs 17.06 lakhs of interest owed to Arcadia Shipping Ltd, which has issued recall notices; the company is exploring legal options. The company has negative reserves of Rs 1,700.17 lakhs and its demat account is frozen by a regulatory authority, restricting disposal of equity investments.
The qualified audit opinion, unresolved dispute with Arcadia Shipping, frozen demat account, and negative reserves are serious red flags that could weigh on the stock and signal underlying financial stress, despite the headline swing back to profit this quarter.