Unaudited Financial Results for the Quarter and nine months ended 31st December, 2025
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Awaiting price reaction for this filing.
Williamson Financial Services, an NBFC, reported unaudited results for Q3 FY26 with total income of Rs. 1.46 crore, almost entirely driven by a one-time write-back of provisions worth Rs. 1.90 crore related to the McNally Bharat loan. Core operating revenue (interest plus dividend) was just Rs. 54,000, essentially flat versus Rs. 49,000 a year ago. The company posted a loss after tax of Rs. 45.5 lakh for the quarter and Rs. 47.7 lakh for the nine-month period. The statutory auditor issued a qualified conclusion, flagging that the net worth has been fully eroded, the Net Owned Fund is negative at around Rs. 21.2 crore (breaching the RBI minimum NOF requirement for NBFCs), and interest expenses of Rs. 2.64 crore on inter-corporate borrowings have not been recognised. Additionally, an ICC arbitration award dated September 29, 2025 has imposed a joint liability of Rs. 50.9 crore on the company and seven other respondents, which the company is challenging in the Delhi High Court.
This is a deeply distressed filing for shareholders. The auditor has explicitly flagged a material uncertainty on going concern, the company is non-compliant with RBI's minimum Net Owned Fund requirement, and a contingent liability of over Rs. 50 crore from the arbitration award dwarfs the company's entire balance sheet. Expect significant negative price reaction and heightened regulatory risk.