Magnum Ventures Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Magnum Ventures Limited reported standalone revenue of Rs 46,497 Lakhs for FY26, up 17.5% from Rs 39,575 Lakhs in FY25, driven by growth in both Paper (Rs 35,720 Lakhs) and Hotel (Rs 10,960 Lakhs) segments. However, the company posted a net loss of Rs 1,137 Lakhs compared to profit of Rs 950 Lakhs in FY25, mainly due to high finance costs of Rs 3,968 Lakhs and negative contribution from the Paper segment (loss of Rs 396 Lakhs). The auditors issued an unmodified opinion but flagged emphasis of matter items including Rs 300 Lakhs deposits with Bank of Baroda for withdrawing legal cases, a Rs 12 lakh SEBI penalty (appeal pending), and trade receivables of Rs 333 Lakhs outstanding over 6 months with Rs 46 Lakhs under litigation. The Board also approved issuance of Rs 50 Crore NCDs to NEO Special Credit Opportunities Fund and a scheme for demerging the Paper Business.
The company swung to a net loss in FY26 despite revenue growth, indicating cost pressures and operational challenges especially in the Paper segment. Shareholders should monitor the upcoming demerger of the Paper Business and the outcome of the SEBI appeal scheduled for July 2026.