Enclosed herewith 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.
Mudra Financial Services Ltd reported audited financial results for FY2026 ending March 31, 2026. Total income declined to Rs 9,028 lakhs from Rs 9,439 lakhs in the previous year. Revenue from operations was Rs 8,037 lakhs, with interest income of Rs 7,235 lakhs and fees/commission of Rs 802 lakhs (down from Rs 1,288 lakhs). Profit after tax dropped significantly to Rs 2.82 lakhs from Rs 25.68 lakhs in FY2025, a decline of approximately 89%. EPS fell to Rs 0.05 per share from Rs 0.51 previously. The statutory auditor M/s. Sampat & Mehta issued an unmodified (clean) opinion, confirming no material concerns. The board also re-appointed M/s. Gohil Tejas & Co. as internal auditors for FY2026-27.
The sharp decline in profitability despite stable revenue is concerning. While the clean audit opinion provides some comfort regarding financial statement reliability, shareholders should note the significant drop in earnings and commission income. The stock may see negative sentiment due to weak bottom-line performance despite top-line stability.