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Morarka Finance Ltd (511549)

📊 BSE: 511549 🏢 Non Banking Financial Company (NBFC) 📢 Latest filing: 27 Aug 2026

Q2 FY27 results

📅 Next results: 21 Oct 2026 (board meeting)

Morarka Finance Ltd's board meets on 21 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Operating profit	₹0.5	—	—
Net profit	₹0.4	+171.1%	+279.5%
EPS (₹)	0.84	+171.0%	+281.8%

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Morarka Finance Receives RBI Approval for Appointment of Pranay Morarka as MD

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 27 Aug 2026, 04:47 PM

Morarka Finance has received formal approval from the Reserve Bank of India (RBI) on August 27, 2026, for the appointment of Mr. Pranay G. Morarka as Managing Director. The company had previously secured shareholder approval at its 41st Annual General Meeting held on July 15, 2026. With this regulatory clearance via the RBI's PRAVAAH portal (Application No. PRV.CO.DOR.2026-2027.P455), all necessary statutory approvals for the appointment are complete.

RBI approval received on August 27, 2026 via PRAVAAH portal application PRV.CO.DOR.2026-2027.P455
Appointment of Mr. Pranay G. Morarka (DIN: 03272263) as Managing Director finalized
Shareholders approved the appointment at the 41st AGM held on July 15, 2026
All statutory requirements for the leadership appointment are now fulfilled

💡 Track the new leadership's strategic direction, operational initiatives, and quarterly financial performance in upcoming earnings reports.

₹37.95 Lakhs PAT: Morarka Finance Q1 FY27 Net Profit Grows 172% YoY

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 21 Jul 2026, 01:14 PM

Morarka Finance reported a net profit of ₹37.95 Lakhs for Q1 FY27, a significant increase from ₹13.96 Lakhs in Q1 FY26. Revenue from operations rose 148% YoY to ₹58.18 Lakhs, primarily supported by dividend income of ₹29.44 Lakhs and fair value gains of ₹14.82 Lakhs. However, the company recorded a Total Comprehensive Loss of ₹357.88 Lakhs due to a large negative adjustment in Other Comprehensive Income (OCI) of ₹395.83 Lakhs. The company remains a micro-cap NBFC with a high net worth of ₹116 Cr relative to its ₹27 Cr market capitalization.

Net Profit increased to ₹37.95 Lakhs in Q1 FY27 from ₹13.96 Lakhs in Q1 FY26.
Revenue from operations grew to ₹58.18 Lakhs, up from ₹23.47 Lakhs YoY.
Dividend income of ₹29.44 Lakhs accounted for approximately 50.6% of total revenue.
Other Comprehensive Income (OCI) was a negative ₹395.83 Lakhs, impacting total equity.
Basic EPS improved to ₹0.84 for the quarter compared to ₹0.31 in the previous year's corresponding quarter.

💡 Investors should monitor the volatility in the company's investment portfolio, as fair value changes in Other Comprehensive Income significantly outweigh operational profits. The high net worth relative to market cap suggests the stock trades at a deep discount to book value, typical for investment-heavy micro-caps.

Morarka Finance Q1 PAT at ₹0.38 Cr; Board approves RBI NBFC de-registration

🔵 WATCH ⭐ 7/10

REGULATORY 📅 21 Jul 2026, 01:10 PM

Morarka Finance reported a Q1 FY27 net profit of ₹0.38 crore, a 171% increase from ₹0.14 crore in the same quarter last year. Revenue from operations grew to ₹0.58 crore compared to ₹0.23 crore YoY, primarily driven by dividend income and fair value gains. Significantly, the board has approved applying for de-registration as an NBFC with the RBI to transition into an 'Unregistered Type I NBFC'. This indicates the company does not intend to pursue regulated lending or finance business requiring RBI oversight in the future.

Net Profit for Q1 FY27 rose to ₹37.95 lakhs from ₹13.96 lakhs in Q1 FY26
Total Revenue from operations increased to ₹58.18 lakhs vs ₹23.47 lakhs YoY
Board approved de-registration from RBI under the 2026 Amendment Directions for Type I NBFCs
Total Comprehensive Income was negative ₹3.58 crore due to a ₹4.62 crore loss in fair value of investments (OCI)
Earnings Per Share (EPS) for the quarter stood at ₹0.84 compared to ₹0.31 YoY

💡 Monitor the RBI's approval process for de-registration and the company's subsequent business model as an unregistered entity. Investors should note the high sensitivity of the company's net worth to fair value changes in its investment portfolio, as evidenced by the negative comprehensive income.

5-Year Term: Morarka Finance Appoints Pranay G. Morarka as Managing Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 15 Jul 2026, 06:23 PM

Shareholders of Morarka Finance approved the appointment of Mr. Pranay G. Morarka as Managing Director during the 41st Annual General Meeting on July 15, 2026. The appointment is for a five-year term effective from April 24, 2026, through April 23, 2031. Mr. Morarka has been leading the company as CEO since 2014 and is the son of promoter Shri Gautam R. Morarka. The appointment remains subject to final approval from the Reserve Bank of India (RBI).

Appointment for a fixed term of 5 consecutive years starting April 24, 2026.
Mr. Pranay G. Morarka has served as the Chief Executive Officer (CEO) since 2014.
Shareholder approval obtained at the 41st AGM held on July 15, 2026.
The appointee is the son of Shri Gautam R. Morarka and brother of Ms. Priyanka G. Morarka.

💡 Monitor for the official confirmation of approval from the Reserve Bank of India (RBI) to finalize the management transition.

Morarka Finance to consider Q1 results and RBI de-registration on July 21, 2026

🔵 WATCH ⭐ 6/10

BOARD_MEETING 📅 13 Jul 2026, 03:21 PM

Morarka Finance has scheduled a board meeting for July 21, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. A critical agenda item is the proposal to de-register from the Reserve Bank of India (RBI) as a registered NBFC. The company intends to adopt the status of an 'Unregistered Type I NBFC' in compliance with the RBI's 2026 Scale Based Regulation amendments. This regulatory shift follows a period of significant share price weakness, with the stock down 50.9% over the last 12 months.

Board meeting scheduled for July 21, 2026, to approve Q1 FY27 results.
Proposal to obtain de-registration from the Reserve Bank of India (RBI) as a registered NBFC.
Transition planned to 'Unregistered Type I NBFC' status under 2026 Amendment Directions.
Trading window for designated persons has been closed since July 01, 2026.
Stock has experienced a 50.9% price decline over the past 12 months.

💡 Investors should closely monitor the July 21 board outcome to understand the rationale for RBI de-registration and how the 'Type I' status will restrict or alter the company's future business operations.

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