Minolta Finance Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results on August 11, 2026. Key highlights include a Net Profit of ₹46.81 lakhs for the quarter. The company also reported a significant finance cost and noted certain qualifications in the auditor’s limited review report regarding loan accounts and investments.
Minolta Finance Approves Q1 FY27 Unaudited Financial Results
The Board of Directors of Minolta Finance Limited, in a meeting held on August 11, 2026, has officially considered and approved the unaudited standalone financial results for the first quarter ended June 30, 2026.
Financial Performance Highlights
For the quarter ended June 30, 2026, the company reported a Net Profit of ₹46.81 lakhs. This figure is derived after a total expense of ₹461.50 lakhs and a tax expense of ₹(16.99) lakhs, leading to a profit before tax of ₹29.83 lakhs. Revenue from operations, primarily driven by interest income, stood at ₹491.33 lakhs for the same period.
Auditor’s Limited Review and Qualifications
The unaudited financial results, along with the Limited Review Report, have been prepared in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, the auditor, JCR & Co. LLP, has noted several critical points:
- Interest Expense Understatement: The interest expense is understated due to missing loan documents, making quantification impossible.
- Investment Ownership: The company holds quoted and unquoted shares amounting to ₹62.87 lakhs, but lacks documents justifying ownership. The management is actively pursuing this.
- Subsequent Recoveries: Recoveries of ₹2.94 crore from Radiant Financial Services Ltd., pertaining to a period subsequent to the reporting date, have led to an understatement of the ECL provision by ₹2.94 crore and an overstatement of profit by the same amount.
- Debt Assignment: An assignment of debt worth ₹6.18 crores requires Board approval and immediate ratification.
- RBI Approval for Management Change: An application has been filed with the RBI for a change in management, with approval still awaited.
- Ransomware Attack: The company experienced a ransomware cyber-attack on July 3, 2026, which compromised financial data. Management believes there was no financial loss.
- Unremitted Profession Tax: Deducted profession tax from employee salaries has not been remitted, and the company lacks mandatory professional tax registration.
Despite these points, the auditor’s opinion is not modified in respect of the above matters.
Comparative Figures
The financial results also provide comparative figures for the quarter ended March 31, 2026 (Audited), June 30, 2025 (Unaudited), and the year ended March 31, 2026 (Audited). The company reported a Net Profit/(Loss) for the period of ₹258.34 lakhs in the previous quarter (ended March 31, 2026), a Net Loss of ₹(56.00) lakhs in the corresponding quarter of the previous year (ended June 30, 2025), and a Net Loss of ₹(142.81) lakhs for the year ended March 31, 2026.
The Basic & Diluted Earning Per Share (not annualized) for the quarter ended June 30, 2026, was ₹0.05.
Source: BSE
