NewsEarningsNorthlink Fiscal Reports Rs 78.20 Lakh Loss, Faces SEBI Penalty and Compliance IssuesNorthlink Fiscal Reports Rs 78.20 Lakh Loss, Faces SEBI Penalty and Compliance Issues
Northlink Fiscal & Capital Services Limited, an NBFC, reported a net loss of Rs 78.20 lakh for Q4 and FY 2025, up from Rs 15.18 lakh loss in the previous year. SEBI imposed a Rs 1.00 lakh penalty on company directors. Auditors highlighted compliance issues including failure to appoint an internal auditor, conduct income tax audits, and confirm balances with various parties. Total income decreased to Rs 39.63 lakhs while expenses more than doubled to Rs 116.24 lakhs. Management is pursuing recovery of outstanding dues without provisioning for doubtful debts.
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Northlink Fiscal & Capital Services Limited , a non-banking financial company (NBFC), has reported a significant increase in net loss for the quarter and year ended March 31, 2025. The company's financial performance has been marred by regulatory penalties and several compliance issues.
Financial Performance
Northlink Fiscal reported a net loss of Rs 78.20 lakh for the quarter and year ended March 31, 2025, compared to a loss of Rs 15.18 lakh in the previous year. This represents a substantial deterioration in the company's financial performance.
SEBI Penalty
The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1.00 lakh on multiple persons associated with the company, including its directors. The penalty was imposed through an order dated September 13, 2023, in response to a notice issued on October 18, 2022.
Compliance Issues
The company's auditors have highlighted several compliance concerns:
Internal Audit: Northlink Fiscal has failed to appoint an internal auditor as mandated under Section 138 of the Companies Act 2013 and Rule 13 of the Companies (Accounts) Rules, 2014.
Income Tax Audits: The company has not conducted income tax audits under section 44AB of the Income Tax Act, 1961, for the financial years 2022-23 (AY 2023-24) and 2023-24 (AY 2024-25).
Outstanding Dues: Management has initiated legal actions for the recovery of outstanding dues and is actively following up with defaulters. However, no provisions for doubtful debts have been made.
Confirmations Pending: Balances of debtors, creditors, security deposits, and the status and activities of MSMEs are subject to confirmation from the respective parties.
Financial Highlights
| Particulars | FY 2025 (Rs in lakhs) | FY 2024 (Rs in lakhs) |
|---|---|---|
| Total Income | 39.63 | 50.34 |
| Total Expenses | 116.24 | 50.82 |
| Profit/(Loss) before Tax | (76.61) | (9.48) |
| Net Profit/(Loss) | (78.20) | (15.18) |
The company's total income decreased from Rs 50.34 lakhs in FY 2024 to Rs 39.63 lakhs in FY 2025, while total expenses more than doubled from Rs 50.82 lakhs to Rs 116.24 lakhs.
Management Commentary
The company's management has not provided any specific commentary on the financial results or the compliance issues. However, they have stated that they are confident of recovering outstanding dues and are actively following up with defaulters.
Investors and stakeholders may want to monitor the company's efforts to address these compliance issues and improve its financial performance in the coming quarters.
Historical Stock Returns for Northlink Fiscal & Capital Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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