We wish to inform you that the Board of Directors of the Company in their meeting held on Wednesday, 12th November, 2025, have inter - alia considered and approved the following: 1.Un-audited ....
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Mantra Capital's board approved unaudited financial results for Q2 and H1 FY26 (ended 30 Sept 2025). Total revenue from operations jumped sharply to Rs. 342.38 lakhs in Q2 (vs Rs. 73.08 lakhs in Q2 FY25) and Rs. 588.65 lakhs for H1 (vs Rs. 90.61 lakhs in H1 FY25), driven mainly by interest income and fees. However, the company continues to post losses, with a Q2 loss after tax of Rs. 320.55 lakhs and H1 loss of Rs. 576.09 lakhs, widening from the prior year. The board also approved raising up to Rs. 15 crore through Non-Convertible Debentures via private placement, public issue, QIP, or preferential issue in one or more tranches, which will not be listed.
Strong revenue growth is a positive sign for the NBFC, but widening losses, a sharp jump in borrowings (from Rs. 4.94 cr to Rs. 44.91 cr) and negative operating cash flows raise concerns about profitability and capital adequacy. The proposed Rs. 15 crore NCD raise could ease liquidity but will further increase leverage for shareholders.