We hereby declare the audited financial statements for the year ended March 31, 2025 with unmodified opinion.
Awaiting price reaction for this filing.
Minolta Finance Ltd, a small Kolkata-based NBFC, declared its FY25 audited results with an unmodified (clean) opinion from auditor Khandelwal Prem & Associates. Total income grew about 34% year-on-year to Rs. 101.88 lakhs, driven by interest income. However, net profit for the year fell sharply to just Rs. 1.22 lakhs (vs Rs. 5.16 lakhs in FY24), and the company actually posted a net loss of Rs. 4.14 lakhs in Q4 FY25. The main drags were a sharp rise in finance costs (Rs. 12.71 lakhs vs Rs. 0.01 lakh) and a fresh Rs. 12.94 lakh impairment on financial instruments. The loan book expanded nearly 5x to Rs. 5,804.50 lakhs, funded by borrowings that ballooned from Rs. 132.69 lakhs to Rs. 4,752.51 lakhs, pushing the debt-to-equity ratio to roughly 4.4x.
Despite top-line growth, sharply higher finance costs and new impairment provisions crushed profitability, and the steep increase in leverage raises concerns about asset quality and sustainability for shareholders. Operating cash flow also turned more negative, signaling cash strain as the company aggressively scales its lending book.