Un-audited financial results as on 30.09.2025
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Awaiting price reaction for this filing.
Manipal Finance Corporation Ltd reported a loss of Rs 1 lakh in Q2 FY26 (July-Sept 2025), narrower than the Rs 2.48 lakh loss in Q2 FY25. Total income for the quarter stood at Rs 5.55 lakhs, down from Rs 10.62 lakhs a year ago. For the half year (H1 FY26), the company posted a loss of Rs 9.61 lakhs against Rs 10.29 lakhs loss in H1 FY25, with total income falling to Rs 20.55 lakhs. The auditor has issued a qualified review report, flagging serious going concern doubts as the company has been incurring losses for years and most of its funds are stuck in non-performing assets. Notably, the company stopped repaying matured debentures and subordinated debts way back in July 2002, and its current business is limited to recovering old dues and settling legacy debts.
Serious red flag for shareholders — the auditor has explicitly raised going concern doubts, accumulated losses have wiped out equity (negative other equity of Rs 1,615 lakhs against Rs 838 lakhs share capital), and the company has been defaulting on debenture repayments since 2002. Stock price reaction is likely negative given the qualified audit opinion and continuing losses.