Manipal Finance Corporation Ltd (507938)
Latest quarterly results (Q1 FY27)
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Operating profit | ₹-0.1 | — | — |
| Net profit | ₹-0.1 | loss narrowed | loss widened |
| EPS (₹) | -0.08 | loss narrowed | loss widened |
📢 Recent Corporate Announcements
Manipal Finance Corporation reported a net loss of ₹0.066 crore for the quarter ended June 30, 2026, widening from a loss of ₹0.01 crore in the same period last year. Total revenue from operations remained marginal at ₹0.04 crore. The statutory auditors have issued a qualified opinion, citing that the company's funds are largely blocked in Non-Performing Assets (NPAs), creating significant doubt about its ability to continue as a 'going concern.' The company continues to operate in a recovery-only mode, having suspended interest and principal repayments on matured debentures since July 2002.
- Net loss widened to ₹0.066 crore in Q1 FY27 compared to a loss of ₹0.01 crore in Q1 FY26.
- Total revenue from operations for the quarter stood at ₹0.04 crore, approximately 4% of TTM revenue.
- Auditors issued a qualified conclusion due to majority of funds being blocked in NPAs and a negative net worth of ₹-7 crore.
- The company has defaulted on interest and principal repayments for matured debentures and subordinated debts since July 1, 2002.
- The 43rd Annual General Meeting (AGM) is scheduled to be held on September 25, 2026.
Manipal Finance Corporation reported a net loss of ₹0.066 crore for the quarter ended June 30, 2026, compared to a loss of ₹0.098 crore in the year-ago period. Total revenue remains marginal at ₹0.10 crore, as the company's activities are currently restricted to the recovery of dues and repayment of old debts. Crucially, the statutory auditor has issued a qualified opinion, citing that the company's funds are largely blocked in Non-Performing Assets (NPAs) and its net worth is negative (₹-7 crore), casting doubt on its ability to continue as a going concern. The company has not paid interest on debentures or subordinated debts since July 1, 2002.
- Net loss of ₹0.066 crore for Q1 FY27, showing a slight reduction from the ₹0.098 crore loss in Q1 FY26.
- Total revenue from operations stood at ₹0.09 crore, which is approximately 9% of the TTM revenue of ₹1 crore.
- Auditor highlighted that majority of funds are blocked in NPAs, leading to a qualified conclusion on financial results.
- Interest payments on debentures and subordinated debts have been suspended for over 24 years (since July 2002).
- 43rd Annual General Meeting (AGM) is scheduled to be held on September 25, 2026.
Manipal Finance Corporation Ltd has scheduled a board meeting for August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. Additionally, the board will finalize the 43rd Annual General Meeting (AGM) for September 25, 2026, and set the book closure period from September 19 to September 25, 2026. The company is currently a micro-cap with a market capitalization of Rs 12 Cr and a negative net worth of Rs -7 Cr, making these financial disclosures critical for assessing its solvency.
- Board meeting scheduled for August 13, 2026, to review Q1 FY27 results.
- 43rd Annual General Meeting (AGM) convened for September 25, 2026.
- Book closure period fixed from September 19, 2026, to September 25, 2026.
- Company reported a negative net worth of Rs -7 Cr as per latest available data.
- TTM revenue stands at a minimal Rs 1 Cr, highlighting the small scale of operations.
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