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Morarka Finance Q2 FY27 results: net profit down 87.5% to ₹0.14 crore, revenue down 78.4%
Morarka Finance Ltd reported standalone revenue of ₹0.35 crore and a net profit of ₹0.14 crore for Q2 FY27, down 78.4% and 87.5% from Q2 FY26. Profit before tax was ₹0.24 crore and basic EPS was ₹0.30, while the result for the first half also declined year on year.
Key points
- Q2 FY27 revenue was ₹0.35 crore, down ₹1.27 crore or 78.4% from Q2 FY26.
- Net profit was ₹0.14 crore, down ₹0.98 crore or 87.5% from Q2 FY26.
- Profit before tax was ₹0.24 crore, down ₹1.25 crore or 83.9% from Q2 FY26.
- Basic EPS was ₹0.30, down from ₹2.49 in Q2 FY26.
- For H1 FY27, revenue was ₹0.93 crore and net profit was ₹0.52 crore, against ₹1.91 crore and ₹1.26 crore in H1 FY26.
How did Morarka Finance perform in Q2 FY27?
Morarka Finance reported standalone revenue of ₹0.35 crore for Q2 FY27, down ₹1.27 crore or 78.4% from Q2 FY26 and ₹0.23 crore or 39.7% from Q1 FY27. Profit before tax was ₹0.24 crore, compared with ₹1.49 crore a year earlier and ₹0.46 crore in the previous quarter. Net profit was ₹0.14 crore, down ₹0.98 crore or 87.5% from Q2 FY26 and ₹0.24 crore or 63.2% from Q1 FY27. Basic EPS was ₹0.30, against ₹2.49 and ₹0.84, respectively.
EBITDA and EBITDA margin were not reported for the standalone quarter. The company said the board approved the unaudited financial results for the quarter and half year ended 30 September 2026 on 21 October 2026, along with the statement of assets and liabilities, cash flow statement and limited review report. The filing did not provide a consolidated figure for comparison.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.35 | 0.58 | 1.62 | −78.4% | −39.7% |
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.10 | 0.12 | 0.12 | −16.7% | −16.7% |
| Profit before tax | 0.24 | 0.46 | 1.49 | −83.9% | −47.8% |
| Tax | 0.11 | 0.08 | 0.37 | −70.3% | +37.5% |
| Net profit | 0.14 | 0.38 | 1.12 | −87.5% | −63.2% |
| EPS (₹) | 0.30 | 0.84 | 2.49 | −88.0% | −64.3% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Morarka Finance's costs and profit?
Against Q2 FY26, total expenses were ₹0.10 crore, down ₹0.02 crore or 16.7%. Employee cost was ₹0.07 crore, down ₹0.02 crore or 22.2%, while other expenses were ₹0.04 crore, up ₹0.01 crore or 33.3%. Finance costs and depreciation were unchanged, other income was unchanged, and there was no exceptional item in either quarter.
Tax expense was ₹0.11 crore, down ₹0.26 crore or 70.3% from ₹0.37 crore in Q2 FY26. Despite the lower expense, the net profit margin fell to 39.3% from 69.3%, a decline of 30.0 percentage points. Compared with Q1 FY27, total expenses were down ₹0.02 crore or 16.7%, employee cost was up ₹0.01 crore or 16.7%, and tax was up ₹0.03 crore or 37.5%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 0.07 | 0.09 | −0.02 | −22.2% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.04 | 0.03 | +0.01 | +33.3% |
| Total expenses | 0.10 | 0.12 | −0.02 | −16.7% |
| Other income | 0 | 0 | 0 | |
| Tax | 0.11 | 0.37 | −0.26 | −70.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, standalone revenue was ₹0.93 crore, down ₹0.98 crore or 51.3% from ₹1.91 crore in H1 FY26. Profit before tax was ₹0.70 crore, down ₹0.94 crore or 57.3%, while net profit was ₹0.52 crore, down ₹0.74 crore or 58.7%. Basic EPS was ₹1.15, compared with ₹2.80 in H1 FY26, a decline of ₹1.65 or 58.9%.
The filing showed revenue from operations of ₹92.83 lakh for the six months ended 30 September 2026 and total income of ₹92.83 lakh. Total expenses were ₹22.95 lakh, profit before tax was ₹69.88 lakh, and profit for the period was ₹51.57 lakh. The comparative H1 FY26 figures were ₹191.11 lakh, ₹27.10 lakh, ₹164.01 lakh and ₹126.02 lakh, respectively.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.93 | 1.91 | −51.3% |
| Profit before tax | 0.70 | 1.64 | −57.3% |
| Net profit | 0.52 | 1.26 | −58.7% |
| EPS (₹) | 1.15 | 2.80 | −58.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹110.8 crore at 30 September 2026, compared with ₹117.0 crore at 31 March 2026. Total equity was ₹110.15 crore, compared with ₹115.82 crore, while cash fell to ₹0.03 crore from ₹0.12 crore. Inventories were ₹0.20 crore at both dates. The filing’s detailed statement of assets and liabilities reported total assets of ₹11,080.18 lakh, investments of ₹11,020.81 lakh and cash and cash equivalents of ₹3.42 lakh at 30 September 2026.
Cash flow in H1 FY27 was negative ₹0.05 crore from operating activities, compared with ₹3.08 crore in H1 FY26. Investing cash flow was ₹0.64 crore, compared with negative ₹2.58 crore, while financing cash flow was negative ₹0.68 crore, compared with negative ₹0.45 crore. Capital expenditure was ₹0 crore in both periods. Borrowings were not reported in the supplied data.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 110.80 | 117 |
| Total equity | 110.15 | 115.82 |
| Cash and equivalents | 0.03 | 0.12 |
| Inventories | 0.20 | 0.20 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.05 | 3.08 |
| Cash from investing | 0.64 | −2.58 |
| Cash from financing | −0.68 | −0.45 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Morarka Finance done over the last 8 quarters?
Revenue in the latest eight-quarter series peaked at ₹1.62 crore in Q2 FY26 and bottomed at ₹0.06 crore in Q4 FY26. It then rose to ₹0.58 crore in Q1 FY27 before falling to ₹0.35 crore in Q2 FY27. The latest quarter was below both the preceding quarter and the year-ago quarter.
Net profit peaked at ₹1.12 crore in Q2 FY26 and bottomed at ₹0.07 crore in Q3 FY26. It rose to ₹0.38 crore in Q1 FY27 and then fell to ₹0.14 crore in Q2 FY27. EBITDA margin was not available for these quarters, so the direction of that measure could not be stated.
How did Morarka Finance shares react?
Earlier reaction-day moves were mixed: the stock rose 7.4% on 21 July 2026 and 4.5% on 15 October 2025, while it fell 1.4% on 23 April 2026 and 2.5% on 21 January 2026. The largest earlier move was a fall of 7.8% on 8 May 2025; it rose 11.0% on 17 July 2025.
| After the filing | Stock | Non Banking Financial Company (NBFC) median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | +0.0% | |
| Reaction day | −7.9% | −1.9% |
| Next day | −8.0% | −2.1% |
| 5 days | −12.2% | −2.9% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 21 July 2026 | +7.4% |
| 23 April 2026 | −1.4% |
| 21 January 2026 | −2.5% |
| 15 October 2025 | +4.5% |
| 17 July 2025 | +11.0% |
| 8 May 2025 | −7.8% |
| 15 October 2024 | +1.0% |
| 16 July 2024 | +1.2% |
Source: MarketPing price-reaction measurement.
How did other Non Banking Financial Company (NBFC) companies do?
Among 77 other Non Banking Financial Company companies compared for the quarter, the median revenue growth was 21.6%. Three peers grew more slowly than Morarka Finance and 74 grew faster. Of the 85 peers for which profit was compared, 57 reported higher profit. The peer figures were available as of 4 November 2026.
| Morarka Finance revenue growth (YoY) | −78.4% |
|---|---|
| Median of 77 other Non Banking Financial Company (NBFC) companies | +21.6% |
| Companies with slower revenue growth than Morarka Finance | 3 of 77 |
| Companies with faster revenue growth than Morarka Finance | 74 of 77 |
| Companies whose net profit rose | 57 of 85 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Morarka Finance's revenue in Q2 FY27?
Revenue from operations was ₹0.35 crore, down 78.4% from ₹1.62 crore in Q2 FY26 (standalone).
Did Morarka Finance make a profit in Q2 FY27?
Yes. Net profit was ₹0.14 crore, against a net profit of ₹1.12 crore in Q2 FY26.
What was Morarka Finance's EPS in Q2 FY27?
Basic earnings per share were ₹0.30, against ₹2.49 in Q2 FY26.
How did Morarka Finance shares react to the Q2 FY27 results?
On the reaction day the stock moved −7.9% from the previous close; the median Non Banking Financial Company (NBFC) stock moved −1.9%.
When did Morarka Finance announce its Q2 FY27 results?
On 21 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Meeting Of Board Of Directors Of The Company (BSE, 13 October 2026) · PDF
- Board Meeting Outcome for Regulation 30 - Outcome Of Board Meeting (Schedule III Part A - (4)) (BSE, 21 October 2026) · PDF
- Regulation 33(3)(A) - Financial Results (BSE, 21 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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