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Awaiting price reaction for this filing.
Manraj Housing Finance has reported no revenue from operations and only Rs 1.02 lakh of other income for Q1 FY26, down sharply from Rs 50.11 lakh in Q1 FY25. The company posted a loss after tax of Rs 34.06 lakh versus a profit of Rs 45.61 lakh a year ago, with EPS turning negative at Rs -0.68. Net worth is deeply negative at Rs -61.05 lakh, and the company has been non-operational for over four years. The statutory auditor (Ratan Chandak & Co LLP) issued an Adverse Opinion, flagging that ~95% of assets are advances to related parties whose properties have been attached by the Enforcement Directorate under the PMLA, ~64.8% of liabilities are unsecured related-party loans, and a bank loan of Rs 687.03 lakh from Jalgaon Peoples Co-Op Bank remains in default with Rs 603.37 lakh of uncharged interest not provided for.
This is a deeply negative filing for shareholders — the company is loss-making, has negative net worth, has received an adverse audit opinion citing going-concern doubts, and faces ED action on its related-party assets, suggesting very high risk of further value erosion or even delisting.