We wish to inform you that the Board of Directors of the company, at its meeting held today i.e. 27th May, 2025 has inter-alia considered and approved the Audited Standalone Financial Results ....
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The Board of Upsurge Investment & Finance Ltd approved its audited standalone financial results for the quarter and full year ended 31st March 2025. Total income nearly doubled to Rs. 11,367.29 lakhs from Rs. 5,802.21 lakhs in the previous year, a growth of about 96%. Profit after tax rose to Rs. 1,595.35 lakhs from Rs. 1,126.49 lakhs, up roughly 42%, with basic EPS at Rs. 7.45. Statutory auditors M/s Jain & Trivedi issued an unmodified opinion with no qualifications or reservations. The company's main business is NBFC lending, and total assets grew sharply to Rs. 10,733.74 lakhs from Rs. 5,244.24 lakhs.
Strong topline and bottomline growth with a clean audit opinion is positive for shareholders and may support the stock. However, net cash from operating activities was negative, which is worth watching given the NBFC business model.