SUBMISSION OF RESULTS FOR THE QUARTER AND FINANCIAL YEAR ENDED 31ST MARCH 2025
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Vani Commercials Limited's board approved standalone and consolidated audited financial results for the quarter and year ended 31 March 2025. Statutory auditor M/s MKRJ & Co. issued an unmodified/unqualified opinion on both sets of results. Profit before tax for FY25 stood at around Rs. 26 lakh, down from Rs. 60 lakh in FY24. Borrowings came down to Rs. 3,080 lakh (from Rs. 4,022 lakh), while equity rose modestly to Rs. 1,376 lakh, keeping the company highly leveraged. Operating cash flow turned sharply negative at Rs. (3,161) lakh, driven mainly by movement in loans and tax payments. Subsidiary Silverlink Fintech ceased to be a subsidiary from 12 February 2025. The board also flagged a cyber fraud involving a fake website 'VANI CASH' and reported it to the Cyber Crime Cell.
Clean audit opinion is reassuring, but weak profitability and a large negative operating cash flow signal stress in core lending operations. Shareholders should watch loan book quality and the pending tax disputes (over Rs. 3.7 crore in arrears for AY 2019-20 plus new contingent liabilities for AY 2024-25) as key risks, even as the company expands into Bokaro and reshuffles its board.