India Finsec Ltd — Updates, 22-05-2025: Company Update

India Finsec Limited has announced a board meeting to approve the financial results for the quarter and half-year. The Board approved the audited standalone and consolidated financial results for the year ended March 31, 2025, with unmodified audit opinions. Key operational highlights include allotment of 42.5 lakh equity shares on warrant conversion at Rs 80/share, increasing equity capital, and a rise in subsidiary IFL Finance Limited’s shareholding from 62.72% to 71.01%. The company also plans to surrender its NBFC-ICC registration to operate as an unregistered Core Investment Company. New appointments include M/s Himanshu Sunil & Associates as Internal Auditors and M/s Sarita Singh & Associates as Secretarial Auditors. Independent Director Mrs. Purva Mangal is proposed for re-appointment for another five years, subject to shareholder approval via postal ballot. The postal ballot process for shareholder consents has been initiated.

Financial snapshot (standalone, Rs in Lakhs): Revenue from operations was Rs 41.12 lakh; total income Rs 41.17 lakh. Expenses stood at Rs 38.37 lakh, yielding a profit after tax of Rs 2.01 lakh. Equity share capital increased to Rs 2,919.17 lakh.

Consolidated results (Rs in Lakhs) showed revenue from operations of Rs 7,115 Cr and total income of Rs 7,192 Cr. Profit after tax was Rs 1,812.74 Cr, reflecting solid growth compared to previous periods. Total assets consolidated stood at Rs 36,304 Cr, with borrowings at Rs 18,780 Cr. The subsidiary, IFL Finance Limited, contributed significantly with Rs 7,137 Cr revenue and over Rs 1,800 Cr PAT.

Cash flows (consolidated) included net cash outflow from operations at Rs 2,861 Cr, offset by financing activities of Rs 3,516 Cr due to equity and borrowings. Cash and equivalents increased to Rs 1,209 Cr.

This strategic repositioning, capital raise, and strengthening of governance through new audits and director continuity support the company’s growth and regulatory compliance plans, benefiting shareholders through enhanced operational scale and transparency.