Williamson Magor & Company Limited — Results, 28-05-2025: Integrated Filing- Financial

Williamson Magor & Co. has announced a board meeting on 28th May 2025 to approve the financial results for the quarter and half-year.

**Revenue Performance:**

Consolidated revenue stood at Rs. 47.55 Cr, largely flat compared to last year. Income mainly comes from interest and service sales, with no notable growth drivers highlighted.

**Profitability and EPS:**

The company reported a consolidated net loss of Rs. 229.87 Cr versus a loss of Rs. 39.40 Cr last year. EPS worsened sharply to negative Rs. 165.56 from negative Rs. 34.61. The losses are mainly due to large provisions for doubtful assets (Rs. 271.53 Cr) and claims on guarantees (Rs. 34.40 Cr).

**Operational Costs:**

Finance costs halved to Rs. 1.29 Cr, while employee expenses remained steady at around Rs. 0.33 Cr. Significant provisions related to bad debts and legal fees (up to Rs. 0.36 Cr) drove expenses higher, reflecting operational challenges.

**Key Metrics:**

Net worth weakened deeply to a negative Rs. 228.75 Cr from negative Rs. 79.56 Cr. Deferred tax assets of Rs. 140.36 Cr remain but may be overstated due to uncertainty.

**Balance Sheet / Cash Flow:**

Total financial liabilities are Rs. 617.13 Cr with borrowings stable around Rs. 520.72 Cr. Cash reserves fell to Rs. 0.10 Cr. Operating cash flow was positive at Rs. 44.65 Cr, but financing activities show net outflows of Rs. 44.82 Cr, indicating ongoing debt repayments.

**Management Outlook:**

Liquidity remains strained with defaults on loans and interest. Disputes with lenders are active, though management expects resolution backed by promoter and lender support. They aim to improve cash flows through profitable operations, but NBFC registration cancellation issues add uncertainty.

**Final Takeaway:**

Williamson Magor is in deep financial stress with rising losses, defaults, and erosion of net worth. While management sees hope for turnaround, significant risks and restructuring challenges persist, signaling caution for retail investors.