Adcon Capital Services Reports 182% Surge in Q1 Profit, Revenue Doubles Aug 14, 2025
More news about Adcon Capital Services
08Aug 25
Adcon Capital Services Reports 607% Surge in Annual Profit, Revises Financial Statements
Adcon Capital Services Limited announced a substantial increase in its annual profit for the fiscal year ended March 31, 2025. Net profit rose to ₹218.35 crore, a 607% increase from the previous year's ₹30.91 crore. Total revenue increased to ₹324.11 crore from ₹167.72 crore. Interest income grew to ₹223.80 crore from ₹165.80 crore. The company's EPS improved to ₹0.07 from ₹0.03. Adcon implemented Expected Credit Loss provisioning and standard asset provisioning as per RBI guidelines. Auditors noted interest income is not recognized on ₹504.44 lakh of outstanding advances due to insufficient documentation.
24Jul 25
Adcon Capital Services Reports 606% Jump in Annual Profit to ₹218.35 Crore, Revenue Surges 93%
Adcon Capital Services Limited, a non-banking financial company, reported impressive financial results for the fiscal year ended March 31. The company's annual profit increased by 606% to ₹218.35 crore, while total revenue grew by 93% to ₹324.11 crore. Interest income rose to ₹223.80 crore, and total assets expanded by 33% to ₹4,387.71 crore. The company received ₹11.69 crore in capital infusion and implemented ECL provisioning. Auditors noted unrecognized interest income on ₹504.44 crore of outstanding advances due to insufficient documentation.