Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Morgan Ventures' board approved the unaudited standalone financial results for Q1FY26 (quarter ended June 30, 2025) with an unmodified opinion from auditor DHA & Co. Total income fell sharply to Rs. 552.53 lakhs from Rs. 727.83 lakhs in the same quarter last year, a decline of roughly 24%. Profit before tax collapsed to Rs. 66.39 lakhs (vs Rs. 409.14 lakhs in Q1FY25), pulled down by higher interest costs (Rs. 275.64 lakhs) and steeply higher IIFL management expenses (Rs. 195.45 lakhs). Net profit came in at Rs. 104.58 lakhs (vs Rs. 500.83 lakhs YoY) and EPS was Rs. 1.06 (vs Rs. 5.06). Debt-to-equity stood at 1.88 and debt service coverage ratio dropped materially from 2.73 to 1.24.
The sharp year-on-year drop in revenue and profit, combined with rising interest and management costs and a weaker debt service coverage ratio, signals margin pressure for shareholders. With no fee or trading income, results are entirely dependent on investment performance, making earnings volatile and quality of profits a concern for investors.