Unaudited Financial Results for the Quarter and Nine Months ended 31.12.2025
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Awaiting price reaction for this filing.
Morgan Ventures slipped into a net loss of ₹551.90 lakhs in Q3 FY26, compared to a profit of ₹928.45 lakhs in Q3 FY25. Total income collapsed to ₹129.19 lakhs (from ₹1,445.75 lakhs YoY) as investment income fell sharply and a net loss of ₹278.68 lakhs was booked on fair value changes in investments. Interest expenses surged to ₹423.15 lakhs in the quarter (vs ₹199.41 lakhs YoY), pressuring the bottom line. For the nine months ended December 2025, net profit plunged to ₹143.89 lakhs from ₹1,891.42 lakhs a year ago, a 92% drop. The debt-to-equity ratio worsened to 2.10 (from 1.80), and the debt service coverage ratio turned negative at -0.38 in Q3. The statutory auditor (DHA & Co.) issued an unqualified limited review report with no qualifications.
Weak quarterly results, rising leverage, and negative coverage ratios raise concerns about the company's financial health and could weigh negatively on the stock. Shareholders should watch for further deterioration in investment portfolio value and ability to service debt.