The Motor & General Finance Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MOTOGENFIN · price
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The company reported consolidated net profit of Rs 14,678.35 Lakhs for FY2026, up dramatically from Rs 79.66 Lakhs in FY2025, primarily due to an exceptional gain of Rs 16,061.46 Lakhs from sale of investment property (Rs 16,007.16 Lakhs) and equity shares of associate Jayabharat Credit Limited (Rs 54.30 Lakhs). Without exceptional items, the company recorded a pre-tax loss of Rs 27.11 Lakhs versus profit of Rs 79.66 Lakhs last year. Revenue from operations declined marginally to Rs 684.21 Lakhs from Rs 697.17 Lakhs. EPS surged to Rs 37.90 per share from Rs 0.21. The associate India Lease Development Limited has not satisfied RBI's principal business criteria (financial assets below 50% of total assets). Auditors issued unmodified opinion.
The massive profit increase is entirely driven by a one-time property sale and does not reflect operational strength. Core business showed loss-making operations with flat revenue, which is concerning for shareholders. The RBI compliance issue at the associate level adds regulatory risk.