Aneri Fincap Reports No Revenue or Profit for Q1 FY25
The NBFC posted zero revenue and profit for the June quarter, marking a complete halt in its core financing operations.
Aneri Fincap reported zero revenue and profit for Q1 FY25, a sharp decline from the previous quarter. The company's financial performance has been negligible for over a year.
Aneri Fincap Ltd., a non-banking finance company, reported a complete standstill in its operations for the quarter ended June 2024. The company posted zero revenue and zero profit, a sharp decline from the ₹33.06 crore in revenue it generated in the previous quarter.
This quarter's results mark a 100% decline both year-over-year and sequentially. The company's revenue has been negligible for the past year, with only one quarter of significant activity in Q4 FY24. Profit has remained at zero for five consecutive quarters.
Recent Quarterly Performance
Revenue (₹ Cr)
Profit (₹ Cr)
| Metric | CurrentQ1 FY25 | PreviousQ4 FY24 | Same quarter LYQ1 FY24 |
|---|---|---|---|
| Period Ended | June 2024 | March 2024 | June 2023 |
| Revenue (₹ Cr) | 0.00YoY -100% | 33.06 | 0.49 |
| Profit (₹ Cr) | 0.00 | 0.00 | 0.00 |
Key Points
- The company's trailing twelve-month (TTM) revenue stands at ₹34.51 crore, but TTM profit is zero.
- Despite the operational halt, the company's reported return on equity (ROE) is a high 77.44%, a figure that reflects a very small equity base rather than operational profitability.
- The annual results for FY23 also showed zero revenue and profit.
The company's business update cites "major bad-debts combined with trade depression and price fluctuations" as challenges. The latest results suggest these challenges have brought core lending activities to a full stop. The path forward hinges on the company's ability to resolve its asset quality issues and restart its financing operations.
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· ANERI FINCAP
(BSE)
ISIN: INE720D01019
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