Submitting the outcome of Board Meeting with approved audited Financials of the Company for the quarter and year ended on 31st March 2025.
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V B Desai Financial Services Ltd's board, meeting on 6 May 2025, approved audited standalone results for FY25. Revenue from operations fell to Rs 283.06 lakh from Rs 311.97 lakh, a decline of about 9.3%. However, total income rose slightly to Rs 332.80 lakh, helped by a sharp jump in other income to Rs 49.74 lakh from Rs 18.16 lakh. Net profit grew to Rs 55.87 lakh (EPS Rs 1.23) from Rs 46.72 lakh (EPS Rs 1.03), up roughly 20%. The auditor (N.S. Shetty & Co) issued an unmodified opinion, indicating no concerns about how the numbers are presented. The balance sheet shows zero borrowings and equity of Rs 1,204.68 lakh against total assets of Rs 1,263.74 lakh.
Earnings growth is decent but largely driven by non-operating income rather than core revenue, which actually shrank. More importantly, operating cash flow swung to a sharply negative Rs (831.16) lakh from positive Rs 32.34 lakh last year, which is a significant red flag for a small financial services firm despite the clean auditor opinion and debt-free balance sheet.