Outcome of the Board Meeting held on 14th November, 2025
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The Board of Directors of Lerthai Finance Ltd (formerly Marathwada Refractories Ltd) approved the unaudited financial results for the quarter and half year ended September 30, 2025, along with the Limited Review Report from statutory auditors B.D. Jokhakar & Co. For Q2 FY26, the company reported total income of Rs. 16.27 lakhs (up from Rs. 10.60 lakhs in Q1 FY26 but down from Rs. 22.23 lakhs in Q2 FY25) and a net loss of Rs. 2.57 lakhs. For the half year, total income stood at Rs. 26.87 lakhs (down from Rs. 33.61 lakhs YoY) with a net loss of Rs. 8.22 lakhs versus a profit of Rs. 14.56 lakhs in H1 FY25. The balance sheet remains strong with total assets of Rs. 1,035.64 lakhs, equity of Rs. 1,004.04 lakhs, and cash and equivalents rising sharply to Rs. 699.30 lakhs from Rs. 240.13 lakhs as of March 2025. The company operates in a single segment - Investment - including an Alternate Investment Fund (AIF) Venture Capital Fund investment valued at fair market value.
The company has slipped back into losses after reporting a profit in the same period last year, which may weigh on sentiment. However, the strong cash position (Rs. 699 lakhs) and no major liabilities suggest financial stability, and the small scale of operations means limited impact on shareholders in the near term.