We wish to inform you that the Board of Directors of Minolta Finance Limited, at their meeting held today i.e. May 31, 2025 inter-alia approve: 1. The audited financial statements of the ....
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Minolta Finance's Board approved the audited financial results for FY25 (year ended March 31, 2025) along with an unmodified (clean) opinion from auditor Khandelwal Prem & Associates. Total income grew about 34% YoY to ₹101.88 lakhs (from ₹76.11 lakhs), driven mainly by interest income, but net profit fell sharply by roughly 76% to just ₹1.22 lakhs (from ₹5.16 lakhs) as expenses and impairment on financial instruments rose faster than income. The balance sheet expanded dramatically — loans grew over 5x to ₹5,804.50 lakhs and borrowings surged from ₹132.69 lakhs to ₹4,752.51 lakhs, pushing the debt-to-equity ratio to about 4.4x. Cash flow from operations was negative at ₹(25.99) lakhs and cash on hand dropped to ₹11.18 lakhs. The Board also appointed M/s. Amruta Giradkar & Associates as Secretarial Auditor for a second 5-year term (FY26–FY30) and elevated Mrs. Shefali Gupta from Compliance Officer to Company Secretary.
Strong top-line and loan-book growth signals aggressive scaling of the lending business, but collapsing profits, very high leverage, and negative operating cash flow raise concerns about earnings quality and balance-sheet risk — shareholders should watch how this rapid expansion translates into sustainable profitability.