Annual Report for FY 2024-25.
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Vibrant Global Capital, an RBI-registered NBFC, filed its FY2024-25 Annual Report. Consolidated revenue grew about 16.8% to INR 28,243 Lakhs from INR 24,182 Lakhs, but the company swung to a loss after tax of INR 47 Lakhs from a profit of INR 4,767 Lakhs in FY24, as total expenses jumped 46% to INR 28,022 Lakhs. On a standalone basis, revenue collapsed to INR 2,165 Lakhs from INR 6,347 Lakhs and profit after tax fell to INR 786 Lakhs from INR 4,222 Lakhs. Both wholly-owned subsidiaries, Vibrant Global Trading and Vibrant Global Salt, turned loss-making despite revenue growth at the trading subsidiary. The Board skipped dividend, and in January 2025 shifted a significant portion of investments into gold as a defensive hedge. The 30th AGM is scheduled for September 29, 2025 via video conference, and statutory auditors M/s Agrawal & Kedia issued an unmodified opinion.
The sharp swing from a healthy consolidated profit to a small loss, combined with declining standalone earnings and subsidiary losses, signals weak profitability despite top-line growth and may weigh negatively on investor sentiment. The decision to park investments in gold and skip dividend suggests management is prioritising capital preservation over payouts, which could limit near-term shareholder returns.