Goenka Business & Finance Ltd — Results, 21-05-2025: Result
Goenka Business & Finance Ltd. has announced a board meeting on which approved the financial results for the quarter and half-year. The company reported total income of ₹774.46 lakh for the quarter, driven by interest income and gains from sale of shares. Total expenses stood at ₹770.95 lakh, resulting in a marginal profit before tax of ₹3.51 lakh. For the year, the company posted a loss before tax of ₹507.3 lakh, impacted by higher expenses and inventory adjustments. Loans increased to ₹1,648 Cr, and investments rose to ₹116.23 Cr as of year-end. The company made a ₹5 Cr investment in a distressed asset carried at cost due to valuation uncertainty. An income of ₹3 Cr was earned from non-core activities. The audit report was unmodified, confirming fair presentation of financials.
