Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board of Morgan Ventures Ltd approved unaudited standalone financial results for Q3 FY26 (quarter ended Dec 31, 2025) and 9M FY26 on Feb 12, 2026. Total income collapsed to Rs 129.19 lakhs in Q3 FY26 from Rs 1,445.75 lakhs in Q3 FY25, while the company swung to a net loss of Rs 551.90 lakhs versus a profit of Rs 928.45 lakhs a year ago. On a 9M basis, total income fell to Rs 1,798.99 lakhs from Rs 3,428.45 lakhs (down ~48%) and net profit dropped sharply to Rs 143.89 lakhs from Rs 1,891.42 lakhs. The auditor (DHA & Co.) issued a clean limited review report with no qualifications. Key risk metrics worsened: debt-equity ratio rose to 2.10 (from 1.92 at FY25-end) and debt service coverage ratio turned negative at -0.38 in Q3, driven by interest expense of Rs 423.15 lakhs.
Sharp revenue and profit decline combined with negative debt service coverage signals stress for shareholders. While the auditor's report is clean and 9M FY26 remains marginally profitable, the Q3 loss and rising leverage are red flags that may pressure the stock price.