Annual Report for FY 2024-2025
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Step Two Corporation Ltd, a non-deposit taking NBFC registered with RBI, has filed its 31st Annual Report for FY 2024-25. Revenue from operations grew to Rs. 130.31 lacs from Rs. 84.15 lacs in FY 2023-24, an increase the company claims of over 1,249% (actual math shows ~55% growth). The company reported a loss after tax of Rs. 2.39 lacs, a sharp improvement from a loss of Rs. 29.86 lacs in the previous year. EBITDA loss narrowed to Rs. 2.29 lacs from Rs. 46.35 lacs, and net worth stood at Rs. 562.19 lacs (down 10.04% YoY). No dividend has been recommended. Statutory auditors (M.K. Kothari & Associates) and secretarial auditors issued clean reports with no qualifications. AGM is scheduled for 25th September 2025.
The company continues to be loss-making, though losses have shrunk meaningfully and revenue has grown. For shareholders, the key positives are reduced losses, clean audit reports, and zero debt. However, the small scale (revenue ~Rs. 1.3 crore, ~6 employees), continued losses, and no dividend mean there is little near-term catalyst for the stock price.