ANNUAL REPORT
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.3 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Swati Projects Limited, a Kolkata-based non-deposit taking NBFC, filed its 42nd Annual Report for FY ending March 31, 2025. On a standalone basis, total income fell 18.76% to around Rs. 97.70 lakhs, and profit after tax dropped sharply to Rs. 11.53 lakhs from Rs. 57.90 lakhs in the previous year. Revenue from operations nearly halved to Rs. 91.06 lakhs from Rs. 172.87 lakhs. On a consolidated basis, total income fell 3.39% and the company swung into a loss of Rs. 15.21 lakhs against a profit of Rs. 55.11 lakhs earlier. No dividend was declared and no transfer was made to statutory reserves due to losses on a consolidated basis. During the year, the company acquired a 76% stake in real estate firm Radhashree Apartments Private Limited, diversifying beyond NBFC activities. There were changes in the CFO and appointment of two independent women directors in March 2025.
Sharp decline in standalone revenue and profit, along with a consolidated loss, is negative for shareholders and may pressure the stock. The acquisition into real estate signals diversification but adds execution risk, while the absence of dividend is a disappointment for income-focused investors.