Financial results as on 30th June 2025
Awaiting price reaction for this filing.
Mega Fin (India) Ltd, a BSE-listed NBFC, reported zero revenue from operations for Q1 FY26 (ended 30 June 2025), compared to ₹29.94 lakhs in the same quarter last year. The company posted a small loss of ₹0.39 lakhs against a profit of ₹24.87 lakhs in Q1 FY25, with basic EPS turning negative at (₹0.00). Other equity stood at a negative ₹669.11 lakhs as of 31 March 2025, against paid-up capital of ₹817.55 lakhs. The statutory auditor (Maheshwari & Co.) flagged an Emphasis of Matter, noting that management prepared accounts on a going concern basis despite substantial accumulated losses, business activity being at a standstill, and the company's minimum net worth required to operate as an NBFC being eroded.
This is a serious red flag for shareholders — the auditor has explicitly highlighted going concern doubts, the core NBFC business appears non-operational, and the negative net worth could jeopardize the company's NBFC registration. Expect heightened regulatory and stock price risk; investors should treat this micro-cap with extreme caution until operations revive or a restructuring/capital infusion is announced.