Outcome of the Board Meeting
Price
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Awaiting price reaction for this filing.
The Board of Milgrey Finance & Investments approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations and earned ₹50.08 lakh as 'Other Income,' up sharply from ₹22.09 lakh in the same quarter last year. Total expenses were just ₹2.44 lakh, leading to a Profit Before Tax of ₹85.64 lakh and Profit After Tax of ₹63.98 lakh, compared to ₹21.55 lakh in Q1 FY25 — a roughly 197% jump in PAT. Basic EPS stood at ₹0.297 versus ₹0.100 in the year-ago quarter. The auditor (K.S. Subrahmanyam & Co) issued a clean review report with no qualifications.
For shareholders, the headline profit growth looks strong, but it is entirely driven by 'Other Income' rather than any real operating business — Revenue from Operations has been nil for several quarters, after dropping from ₹12 lakh in FY24. This means the profit is not sustainable from core operations and the stock remains a high-risk, low-quality NBFC with no clear business engine.