Pursuant to Regulation 33 and Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors at its Meeting held today i.e., Thursday, 29th May, 2025 ....
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Ushakiran Finance Limited's board met on 29 May 2025 and approved audited financial results for Q4 and FY ended 31 March 2025. Total income for FY25 rose to Rs. 55.40 lakhs from Rs. 45.91 lakhs in FY24, while profit after tax nearly tripled to Rs. 24.38 lakhs from Rs. 8.16 lakhs, pushing EPS to Rs. 0.96 vs Rs. 0.32. The Q4 standalone result, however, was a loss of Rs. 5.54 lakhs (vs loss of Rs. 0.69 lakhs in Q4 FY24), mainly due to mark-to-market losses on investments. Operating cash flow improved to Rs. 18.71 lakhs (from negative Rs. 2.04 lakhs), and cash balance stood at Rs. 28.89 lakhs. The board also appointed new Internal Auditors (Venkataratnam & Associates, after the previous firm declined reappointment) and new Secretarial Auditors (P. S. Rao & Associates) for five years, subject to shareholder approval. The statutory auditor (NSVR & Associates LLP) issued an unmodified (clean) opinion on the results.
Full-year performance is materially better year-on-year on both top line and profits, supported by a swing to positive operating cash flow. However, the Q4 quarterly loss and the negative other comprehensive income (Rs. 243.70 lakhs hit to reserves from investment revaluation) are negatives for shareholders. No debt on the books and clean auditor opinion are positive signals; no immediate red flags on going concern.