FynX Capital Reports Q1 Results: Net Loss Narrows, Revenue Rises
FynX Capital Limited reported Q1 FY24 results with a net loss of ₹56.65 lakhs, an improvement from ₹65.96 lakhs loss in Q1 FY23. Revenue increased to ₹48.68 lakhs from ₹34.30 lakhs. Total expenses were ₹105.76 lakhs. EPS was negative at ₹0.28. The company's cash position decreased significantly from ₹1,604.07 lakhs to ₹14.68 lakhs, while loans increased from ₹126.18 lakhs to ₹699.47 lakhs. A rights issue raised ₹1,600 lakhs, with ₹605.05 lakhs utilized and ₹994.95 lakhs unutilized as of June 30.
25Jul 25
Fynx Capital Reports Reduced Net Loss in Q1
Fynx Capital Limited, formerly Rajath Finance Limited, announced unaudited Q1 results ending June 30. Net loss decreased to ₹56.88 lakh from ₹68.98 lakh year-over-year, a 17.54% improvement. Total income from operations was ₹25.68 lakh. Equity share capital stood at ₹200.00 lakh with EPS at -₹2.84. Results were approved by the Board on July 23 and published in newspapers on July 25, complying with SEBI regulations.
23Jul 25
FynX Capital Reports Net Loss of Rs 56.65 Lakhs in Q1, Utilizes Rs 605 Lakhs from Rights Issue Proceeds
FynX Capital Limited (formerly Rajath Finance) reported a net loss of Rs 56.65 lakhs for Q1 ended June 30, an improvement from Rs 68.98 lakhs loss in the same quarter last year. Total income increased to Rs 48.68 lakhs from Rs 3.43 lakhs, while expenses rose to Rs 105.76 lakhs from Rs 78.52 lakhs. Cash position decreased to Rs 14.68 lakhs from Rs 1,604.07 lakhs, primarily due to utilization of rights issue funds. The company has used Rs 605.05 lakhs of the Rs 1,600 lakhs raised, with the remainder in liquid mutual funds.