Ontic Finserve Ltd| Audited Standalone Financial Results for Quarter & Year Ended March 31, 2026

⬤22nd Apr 26

Summary : Ontic Finserve reported a significant decline in revenue and profit, alongside auditor concerns regarding audit trail compliance and pending litigations, despite an increase in cash and equity.

Quarterly Report Analysis & Insights

Financial Disclosures

Employee benefits expense: ₹11.45 Lakhs (FY26) vs ₹2.49 Lakhs (FY25), a significant increase.
Other expenses: ₹24.65 Lakhs (FY26) vs ₹20.21 Lakhs (FY25).
Total Expenses: ₹36.20 Lakhs (FY26) vs ₹22.82 Lakhs (FY25), an increase.
Revenue from Operations: ₹96.18 Lakhs (FY26) vs ₹190.15 Lakhs (FY25), a significant decrease.
Total Income: ₹109.42 Lakhs (FY26) vs ₹202.22 Lakhs (FY25), a significant decrease.
Net Cash from operating activities: ₹54.83 Lakhs (FY26) vs ₹123.66 Lakhs (FY25), a decrease.
Net cash used in Investing activities: ₹(32.36) Lakhs (FY26) vs ₹(160.19) Lakhs (FY25), less cash used.
Net cash Flow from Financing Activities: ₹(0.01) Lakhs (FY26) vs ₹34.98 Lakhs (FY25), a significant change from inflow to outflow.
Cash & Cash Equivalents at end of year: ₹25.91 Lakhs (FY26) vs ₹3.45 Lakhs (FY25), a significant increase.
Pending litigations which would impact its financial position.
Total Assets: ₹438.41 Lakhs (FY26) vs ₹396.70 Lakhs (FY25), an increase.
Loans and advances (Non-current): ₹368.06 Lakhs (FY26) vs ₹335.69 Lakhs (FY25), an increase.
Trade Receivables: ₹0 Lakhs (FY26) vs ₹50.05 Lakhs (FY25), a significant decrease.
Cash & Cash Equivalents: ₹25.91 Lakhs (FY26) vs ₹3.45 Lakhs (FY25), a significant increase.
Other Equity: ₹(522.77) Lakhs (FY26) vs ₹(589.08) Lakhs (FY25), an improvement (less negative).
Total Equity: ₹377.26 Lakhs (FY26) vs ₹310.95 Lakhs (FY25), an increase.
The report presents Standalone Audited Financial Results.

Risk Factors

Revenue and profit declined significantly.
Non-compliance with audit trail provision.
Pending litigations impact financial position.
Operating expenses increased substantially year-on-year.

Key Drivers

Unmodified audit opinion received.
Cash and equivalents significantly increased.
Other equity position showed improvement.
Reduced cash outflow from investing.

Auditor’s Report

Unmodified opinion on the Audited Financial Results for the financial year ended March 31, 2026.
Management did not comply with the provision regarding audit trail for accounting software during the financial year.
Audit trail (edit log) facility was not enabled at the database for all accounting software used for maintaining books of account during some periods.
The Company has pending litigations which would impact its financial position.
The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
There were no amounts required to be transferred to the Investor Education and Protection Fund by the Company.

Board Commentary

Pending litigations which would impact its financial position.
Non-compliance with audit trail provision for accounting software.

Corporate Governance

Management's non-compliance with audit trail provision for accounting software.
Audit trail (edit log) facility was not enabled for all accounting software during some periods.