Un-audited financial results as on 31.12.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manipal Finance Corporation reported a profit after tax of Rs. 29.86 lakhs for Q3 FY26 (vs Rs. 0.25 lakhs in Q2 FY26) and Rs. 733.42 lakhs for the nine-month period (vs Rs. 202.5 lakhs in the same period last year). However, this profit is entirely driven by exceptional items — mainly bad debts recovered (Rs. 35.38 lakhs in Q3, Rs. 746.69 lakhs for 9M). Without these one-time recoveries, the company would have posted a loss before tax of Rs. (5.52) lakhs in Q3 and Rs. (23.57) lakhs for 9M. Core revenue from operations remains tiny at just Rs. 4.79 lakhs for the quarter. Other equity is deeply negative at Rs. (1,605.81) lakhs. The statutory auditor has issued a qualified review report, flagging going concern doubts because most funds remain stuck in non-performing assets.
The headline profit is misleading — it depends entirely on one-time recoveries of old bad debts, not on any operating business. Shareholders should note the auditor's explicit going concern qualification, the negative net worth, and the fact that the company's operations are essentially limited to recovering dues and settling old liabilities. This is a high-risk, distressed NBFC situation.