Reliance Home Finance Ltd released its financial results for the fourth quarter of FY25 on Thursday, May 22, 2025.
In Reliance Home Finance Q4 results, the company posted a net loss of ₹68.8 lakhs. This marks a significant 89.8% year-on-year (YoY) improvement from the ₹674.9 lakhs loss reported in the same quarter of the previous fiscal year.
Following this result, the shares of Reliance Home Finance Limited [NSE: RHFL] opened flat at ₹3.29 (down by 0.3% from its previous closing price of ₹3.3). At around 11.57 PM on 23rd May, the shares were trading at a price of ₹3.56, which is up by 7.88%.
In Q4, Reliance Home Finance quarterly results recorded a YoY decline of 99% in its revenue from operations, reaching ₹0.2 lakh, which was ₹17.8 lakhs in the corresponding quarter last year.
Reliance Home Finance Ltd. Q4 Results Highlights
In this table, you will get an overview of Reliance Home Finance latest quarterly results:
| Q4 FY2024-25 | Q3 FY2024-25 | Q4 FY2023-24 | YoY Growth (%) | QoQ Growth (%) | |
| Total Income (₹ in lakhs) | ₹0.2 | ₹2 | ₹17.8 | -99% | -90% |
| Net profit (₹ in lakhs) | -₹68.8 | -₹191.8 | ₹-674.9 | 89.8% | 64.1% |
| EPS (Diluted) | -₹0.01 | -₹0.04 | -₹0.14 | 92.9% | 75% |
Reliance Home Finance Ltd’s Financial Results Comparison with the Previous Year
Here is a table of annual data comparison of Reliance Home Finance Q4 2025 results:
| FY 2024-25 | FY 2023-24 | |
| Total Income (in lakhs) | ₹22.3 | ₹61.8 |
| Net profit (in lakhs) | ₹2,417.3 | -₹354.9 |
| EPS | ₹0.50 | -₹0.07 |
Updates Shared by Reliance Home Finance in the Latest Financial Results
During the announcements of Reliance Home Finance Q4 results, the company’s management provided some of these key updates:
Material Uncertainty on Going Concern By Auditors
With the Q4 Reliance Home Finance results 2025, the auditors have shared their concern over business uncertainty.
The Company transferred its business undertaking to Reliance Commercial Finance Ltd. (RCFL) under a Business Transfer Agreement dated March 29, 2023, and has since ceased housing finance operations, with the RBI approving license surrender on January 25, 2024.
Additionally:
- Invent Assets Securitisation & Reconstruction Pvt. Ltd. has filed an IBC petition for ₹7.81 crore, which is pending before NCLT, Mumbai.
- There are ongoing legal cases with unascertainable liabilities as of the balance sheet date.
These factors, including discontinued operations, insolvency proceedings, and cash flow constraints, indicate material uncertainty regarding the Company’s ability to continue as a going concern.
Resolution Plan Implementation and Debenture Holder Settlement
In line with the RBI’s Prudential Framework for Resolution of Stressed Assets (RBI Circular dated June 7, 2019), the approved Resolution Plan for the Company amounts to ₹3,351 crore. It was implemented following approvals from lenders, the Supreme Court (order dated March 3, 2023), and shareholders (resolution passed on March 25, 2023).
As part of this plan:
- All assenting debenture holders were fully paid as per their entitlement.
- Funds for dissenting debenture holders were placed in fixed deposits, pending their assent.
On January 9, 2024, the NCLT (Mumbai Bench) directed the inclusion of dissenting debenture holders, represented by Catalyst Trusteeship Limited, into the plan under the same terms as assenting holders. Additionally, it ordered compensation for the time value of money on delayed payments, at the applicable debenture rate.
The Company, in coordination with the Trustees, completed the full and final payment to these dissenting holders on July 18, 2024, as per the revised terms.
Security Structure of Listed Debentures Post Business Transfer
Following the business transfer, as of March 31, 2025, the outstanding NCDs of ₹48.88 lakhs are secured by a fixed deposit of ₹160 lakhs marked as lien in favour of IDBI Trusteeship Services Ltd. (Debenture Trustees), provided by Reliance Commercial Finance Ltd., a wholly-owned subsidiary of Authum Investment & Infrastructure Ltd. The asset cover exceeds 100% of the outstanding debentures.
Voluntary Exit from Housing Finance Business and Corporate Transition
Following the transfer of its business undertaking, the Company’s Board approved the voluntary surrender of its Certificate of Registration (CoR) as a housing finance institution and initiated steps for voluntary liquidation, subject to necessary approvals.
The Company applied for surrender under Section 29A(6) of the NHB Act, 1987, and received approval from the Reserve Bank of India on January 25, 2024, to exit the housing finance business.
Subsequently, the Company issued a Postal Ballot notice dated April 26, 2024, seeking shareholder approval for a change in its name and object clause to reflect this transition.
SEBI Adjudication Order and Penalty Payment
According to the Reliance Home Finance latest results, the Securities and Exchange Board of India (SEBI) issued an Adjudication Order dated May 17, 2024 (received by the Company on May 24, 2024) under Section 15-I of the SEBI Act, 1992.
A penalty of ₹8 lakh was imposed on the Company. The penalty amount was paid on June 28, 2024.
SEBI Order and SAT Appeal
SEBI issued a final order on August 22, 2024, imposing a ₹6 lakh penalty and restraining the Company, its promoter, and ex-KMPs from dealing in securities or associating with listed/securities-related entities until further notice.
The Company appealed to SAT, which granted a stay on the order, subject to a 50% penalty deposit, which has been complied with.
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