Magnum Ventures Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Magnum Ventures reported Q1 FY26 (quarter ended June 30, 2025) revenue from operations of ₹11,577.15 lakhs, up about 28.5% YoY from ₹9,007.60 lakhs, but net loss widened to ₹1,815.89 lakhs (EPS -₹2.73) from a loss of ₹1,303.59 lakhs a year ago, as expenses rose sharply to ₹13,195.44 lakhs. The Paper segment posted a segment loss of ₹745.04 lakhs while the Hotel segment barely broke even at ₹47.95 lakhs. The Board gave in-principle approval for demerging the Paper business into a separate company, approved shifting the registered office from Delhi to Uttar Pradesh, and cleared the AGM notice. The auditor issued an unmodified review opinion but flagged several observations: a SEBI penalty order (₹12 lakh on company, ₹54 lakh on directors/KMPs with one-year market access bar) pending at SAT, Bank of Baroda having allegedly appropriated ₹300 lakhs now before the Delhi High Court, lapsed promoter warrants (1.03 crore) with 25% upfront money forfeited, and inability to verify physical inventory and fixed assets.
Shareholders face a wider quarterly loss despite strong top-line growth, and the proposed demerger of the loss-making Paper segment could be a meaningful structural event for the stock if it goes through. Investors should watch for scheme details, AGM approval for the office shift, and resolution of the SEBI and Bank of Baroda disputes, as these overhangs remain unresolved.