Attached herewith Unaudited Financial Results for quarter ended 31st December 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250 and 4.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mangalam Industrial Finance Ltd (a non-deposit-taking NBFC) reported Q3 FY26 standalone unaudited results. Revenue from operations fell to Rs. 80.39 lakhs from Rs. 94.26 lakhs YoY (~15% decline), and 9M revenue from operations slipped to Rs. 262.79 lakhs from Rs. 272.48 lakhs. Total income in Q3 jumped to Rs. 545.25 lakhs because of a large 'Other Income' of Rs. 464.86 lakhs, which was almost entirely offset by a 'Business Referral Commission' of Rs. 464.49 lakhs booked under expenses — the two largely cancel out. Net profit collapsed to just Rs. 1.10 lakhs in Q3 vs Rs. 42.78 lakhs YoY, and 9M PAT declined ~33% to Rs. 75.89 lakhs from Rs. 112.78 lakhs. The Company has negative other equity (reserves) of Rs. (6,674.51) lakhs, meaning accumulated losses exceed reserves, and it completed a 1:2 Rights Issue of ~46.34 crore equity shares at Re.1 each in December 2025, lifting paid-up capital from Rs. 96.16 crores to Rs. 142.51 crores. EPS for prior periods has been restated to reflect the bonus element of this rights issue.
Sharp fall in core profitability — the headline-grabbing other income and matching commission cancel out, leaving near-zero Q3 operating profit. Negative reserves and the auditor's flagged note about additional loan disbursements despite prior EMI delays are concerning credit-quality signals; sentiment for the stock is likely to remain weak.