Approval of Unaudited Financial Results and Shifting of Registered Office
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MFL India Limited's board, at its meeting on November 14, 2025, approved the unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations for Q2 FY26 stood at ₹1,597.12 lakhs, up about 26% from ₹1,265.08 lakhs in Q2 FY25; half-year revenue jumped to ₹2,997.38 lakhs from ₹1,305.25 lakhs, a near 130% jump year-on-year. Despite strong top-line growth, the company reported a standalone loss after tax of ₹82.71 lakhs for the quarter, though the H1 PAT turned positive at ₹121.02 lakhs largely due to a ₹320.26 lakh deferred tax credit rather than operational profit. Other equity remains deeply negative at -₹3,759.70 lakhs, total borrowings have risen to about ₹2,724 lakhs, and operating cash flow for H1 FY26 was negative at -₹290.11 lakhs. The board also approved shifting the registered office within Delhi from Patparganj to Pandav Nagar, Mayur Vihar Phase-1, with no change in ROC jurisdiction.
Strong revenue growth is encouraging, but shareholders should note that the company continues to post operational losses, carries a negative net worth of roughly ₹3,760 lakhs, and is funding activities through fresh borrowings, signaling ongoing financial stress despite the headline top-line improvement. The registered office shift is administrative and unlikely to affect fundamentals.