For the complete monetary yr ending March 31, 2025, the corporate suffered a web lack of Rs 223 crore as in contrast with Rs 450 crore of web revenue within the previous fiscal. Pre-provision working revenue for the yr stood at Rs 868 crore, up 15% year-on-year.
The corporate’s whole revenue for the quarter stood decrease at Rs 556 crore towards Rs 645 crore within the year-ago interval.
Its gross non-performing belongings ratio soared to 4.84% on the finish of the reporting interval from 2.29% a yr again. The Karnataka Micro Mortgage and Small Mortgage (Prevention of Coercive Actions) Ordinance contributed to fluctuations in portfolio efficiency, the corporate stated in a regulatory submitting to inventory exchanges.
Provisions towards dangerous loans through the quarter stood at Rs 652 crore towards Rs 62 crore within the year-ago interval.”There was cases of breach covenants regarding borrowings excellent through the quarter and the yr ended as at 31 March 2025,” the corporate stated in a regulatory submitting to inventory exchanges.The lender’s gross mortgage portfolio rose 1.3% year-on-year to Rs 12,357 crore whereas borrower base grew by 2.3% to 34.3 lakhs.
“With a acutely aware resolution to reasonable disbursements for the fiscal yr, our emphasis remained on conserving tier-1 capital, sustaining sturdy liquidity buffers, resolving asset high quality challenges, and steadily bettering assortment effectivity,” Sayeed stated.
