💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations decreased by 71.47% YoY from INR 70.84 Cr in FY24 to INR 20.21 Cr in FY25. The business operates in a single segment: Non-Banking Financial Services (100% of revenue).

Geographic Revenue Split

100% of revenue is derived from domestic operations in India, as foreign exchange earnings were reported as Nil for FY25.

Profitability Margins

Net Profit Margin improved from 81.31% in FY24 to 86.61% in FY25, despite a significant drop in absolute profit. Profit after tax fell 69.61% YoY from INR 57.60 Cr to INR 17.51 Cr.

EBITDA Margin

EBITDA margin (Profit before depreciation and tax) was 95.33% in FY25 (INR 19.27 Cr) compared to 99.40% in FY24 (INR 70.42 Cr), reflecting a decrease of 4.07 percentage points in core operational profitability.

Capital Expenditure

Not disclosed in available documents; as an investment company, capital expenditure on physical assets is minimal, with depreciation reported at only INR 0.19 Cr for FY25.

Credit Rating & Borrowing

Not disclosed in available documents; the company operates as an NBFC without accepting public deposits.

⚙️ Operational Drivers

Raw Materials

Not applicable for an investment-focused NBFC.

Import Sources

Not applicable.

Key Suppliers

Not applicable.

Capacity Expansion

Not applicable for financial services; the company focuses on managing its investment portfolio.

Raw Material Costs

Not applicable; operational costs are primarily administrative and personnel-related.

Manufacturing Efficiency

Not applicable.

Logistics & Distribution

Not applicable.

📈 Strategic Growth

Growth Strategy

The company aims to focus on core strengths while searching for new products and services to remain competitive in the financial market. It intends to leverage its status as an NBFC to contribute to the government's financial inclusion agenda.

Products & Services

Non-Banking Financial Services, specifically investment in securities and financial instruments.

Brand Portfolio

Bombay Oxygen Investments Limited.

🌍 External Factors

Industry Trends

NBFCs are emerging as an integral part of the Indian Financial System and an alternative to mainstream banking, recording marked growth in recent years.

Competitive Landscape

Operates in a highly competitive financial market requiring dynamic product and service evolution to survive.

Competitive Moat

The company maintains a strong promoter backing (73.30% holding) and operates as a specialized investment vehicle, though it faces high competition from other NBFCs and banks.

Macro Economic Sensitivity

Highly sensitive to the performance of the Indian Financial System and capital market trends.

Consumer Behavior

Not applicable.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RBI guidelines for NBFCs and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed compliance with the Code of Conduct and all applicable corporate acts.

Environmental Compliance

Not applicable for an investment company.

Taxation Policy Impact

Effective tax rate for FY25 was approximately 8.23%, with total tax expenses of INR 1.57 Cr on a profit before tax of INR 19.08 Cr.

Legal Contingencies

No significant and material orders were passed by regulators, courts, or tribunals impacting the going concern status or future operations. No cases were reported under the Sexual Harassment of Women at Workplace Act, 2013.

⚠️ Risk Analysis

Key Uncertainties

Market risk associated with investment returns and the ability to find new competitive financial products (impact could exceed 70% of revenue based on FY25 performance).

Geographic Concentration Risk

100% concentration in India, with the registered office and primary operations located in Mumbai.

Third Party Dependencies

Dependency on MUFG Intime India Private Limited for registrar and share transfer services.

Technology Obsolescence Risk

Not disclosed; however, the company reports no technology absorption activities.