Gujarat State Financial Corporation — Results, 13-08-2025: Result

Gujarat State Financial Corporation's Board has approved the financial results for the quarter ended June 30, 2025. The company reported a net loss of ₹31.02 Cr. Interest earned was ₹0.09 Cr, significantly lower than interest expended at ₹35.02 Cr. A key concern for investors is the company's asset quality, with both Gross and Net Non-Performing Assets (NPAs) standing at ₹397.52 Cr, effectively 100% of its advances. Auditors issued a qualified opinion, highlighting that the results were prepared assuming the company is a 'going concern,' despite its net worth being fully eroded and facing liquidity issues. The Corporation maintained this assumption due to its statutory nature and ongoing recovery efforts.