BSEMartin Burn LtdMediumNeutral
Announced Tue, 20 Jan · 13:29 IST

Unaudited Financial Results for the quarter ended 31-12-2025 along with limited review report.

Revenue DeclineResults View source PDF

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AI summary

Martin Burn Ltd reported a standalone net profit of Rs 29.17 lakh for Q3 FY26 (Oct-Dec 2025), down from Rs 58.84 lakh in the previous quarter (Q2 FY26) and Rs 80.44 lakh in the year-ago quarter (Q3 FY25). For the nine months ended December 2025, net profit stood at Rs 172.52 lakh versus Rs 195.75 lakh in the same period last year, a roughly 12% decline. Revenue from operations fell sharply to Rs 8.03 lakh (9M FY26) from Rs 24.11 lakh (9M FY25), though the company notes its real estate sales are inherently non-comparable/lumpy. Most earnings came from rental and other income (Rs 148.80 lakh for 9M FY26). EPS for 9M FY26 was Rs 3.35 vs Rs 3.80 earlier. Reserves and surplus rose to Rs 4,445.69 lakh, and the debt-to-equity ratio remained comfortable at 0.30. The auditor (SD and Associates) issued an unmodified limited review report with no qualifications.

Likely market impact

Sharply lower property-sale revenue (down ~67% on a 9-month basis) dragged overall income, but stable rental income and a clean audit kept net profit only modestly lower. For shareholders, the picture is mixed — weaker top-line in core real estate activity, though liquidity remains strong with negligible debt and no pending investor complaints.