Board adopts unaudited Q2 and H1 results; auditor's limited review finds no material misstatement
Board meeting on October 21, 2026, via video conferencing (12:00 noon to 1.15 p.m.), adopted the unaudited results for the quarter and half year ended September 30, 2026, with the Statement of Assets & Liabilities.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 34.65 | 161.64 | −78.6% | 58.18 | −40.4% |
| Total income | 34.65 | 161.64 | −78.6% | 58.18 | −40.4% |
| Profit before tax | 24.19 | 149.35 | −83.8% | 45.69 | −47.1% |
| Profit after tax | 13.61 | 112.06 | −87.9% | 37.95 | −64.1% |
| Total comprehensive income | (141.24) | (1,342.60) | +89.5% | (357.88) | +60.5% |
| Basic EPS | 0.30 | 2.49 | −88% | 0.84 | −64.3% |
- Profit after tax YoY change
- −87.9%
- Period
- Quarter Ended September 30, 2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
The board of Morarka Finance Ltd met on October 21, 2026 through video conferencing, from 12:00 noon to 1.15 p.m., and adopted the unaudited financial results for the quarter and half year ended September 30, 2026, along with the Statement of Assets & Liabilities, the Cash Flow Statement and a Limited Review Report from the statutory auditors, Jayesh Dadia & Associates LLP. The results are standalone: the company states it had no subsidiary, associate or joint venture as on September 30, 2026.
How the quarter and half year compare
- Total income: Rs. 34.65 lakh for the quarter ended September 30, 2026, against Rs. 161.64 lakh for the quarter ended September 30, 2025.
- Total income for the six months ended September 30, 2026: Rs. 92.83 lakh.
- Profit for the period: Rs. 13.61 lakh for the quarter and Rs. 51.57 lakh for the six months.
- Earnings per share, basic and diluted: Rs. 0.30 for the quarter.
The line below profit
The statement also carries "Other comprehensive income" — items the update labels as those that will not be reclassified to profit or loss, together with the related income tax. After adding this to profit, "Total comprehensive income" for the quarter is Rs. (141.24) lakh, a negative figure. In simple words, the quarter's profit was outweighed by movements booked directly in the comprehensive income line, so the combined figure was a loss for the period.
Balance sheet
As at September 30, 2026, the Statement of Assets and Liabilities shows Total assets of Rs. 11,080.18 lakh. The investments line forms the bulk of the asset side, which is consistent with an investment-holding non-banking finance company. On the other side of the balance sheet, the equity block (equity share capital plus other equity) funds the majority of these assets.
The auditor's review
- The report is a limited review under Standard on Review Engagement (SRE) 2410, which gives moderate assurance and is not a full audit.
- The conclusion: nothing has come to the auditors' attention that would make them believe the statement has not disclosed what is required, or that it contains any material misstatement.
- In plain terms, this is a clean, unmodified review conclusion with no qualification.
Other points from the notes
- The company is mainly in the business of a non-banking financial institution and has no separate reportable segments.
- The results were unaudited, recommended by the Audit Committee and then approved by the Board at the meetings held on October 21, 2026.
- Figures for previous periods have been regrouped or restated wherever necessary.
What a retail shareholder can take from this
This is the company's regular quarterly disclosure, and the board item adopted it without any other decision being recorded. On the printed statement, total income for the September 2026 quarter is much lower than in the September 2025 quarter, profit for the period is also lower, and the total comprehensive income line for the quarter is negative. Those are the main quantitative takeaways a reader can check directly against the shared statement.
Also from Morarka Finance
Board meeting on October 21, 2026 to consider Q2 and half-year unaudited results
13 Oct 2026
More numbers
- Total income, quarter ended Sept 30, 2026 (standalone)34.65 (₹ in Lakhs)
- Total income, quarter ended Sept 30, 2025 (standalone)161.64 (₹ in Lakhs)
- Profit for the period, quarter ended Sept 30, 202613.61 (₹ in Lakhs)
- Profit for the period, six months ended Sept 30, 202651.57 (₹ in Lakhs)
- Total income, six months ended Sept 30, 202692.83 (₹ in Lakhs)
- Total comprehensive income, quarter ended Sept 30, 2026(141.24) (₹ in Lakhs)
- Basic earnings per share, quarter ended Sept 30, 20260.30 (₹)
- Total assets as at Sept 30, 202611,080.18 (₹ in Lakhs)
- Total income, latest quarter34.65 (₹ in Lakhs)
- Total income, year-ago quarter161.64 (₹ in Lakhs)
- Total income, previous quarter58.18 (₹ in Lakhs)
- Total comprehensive income, latest quarter(141.24) (₹ in Lakhs)
- Total comprehensive income, year-ago quarter(1,342.60) (₹ in Lakhs)
- Total comprehensive income, previous quarter(357.88) (₹ in Lakhs)
- Profit after tax, latest quarter13.61 (₹ in Lakhs)
- Profit after tax, year-ago quarter112.06 (₹ in Lakhs)
- Profit after tax, previous quarter37.95 (₹ in Lakhs)
- Revenue from operations, latest quarter34.65 (₹ in Lakhs)
- Revenue from operations, year-ago quarter161.64 (₹ in Lakhs)
- Revenue from operations, previous quarter58.18 (₹ in Lakhs)
- Profit before tax, latest quarter24.19 (₹ in Lakhs)
- Profit before tax, year-ago quarter149.35 (₹ in Lakhs)
- Profit before tax, previous quarter45.69 (₹ in Lakhs)
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