Milgrey Finance Reports Q3 Net Loss of ₹0.076 Lakhs
Milgrey Finance & Investments reported a net loss of ₹0.076 lakhs for Q3 FY26 following zero revenue and other income. In contrast, the nine-month period ended December 31, 2025, saw a net profit of ₹104.050 lakhs, up from ₹65.040 lakhs in the previous year, driven by total income of ₹163.650 lakhs. The paid-up equity share capital remained steady at ₹2,154.125 lakhs.
*this image is generated using AI for illustrative purposes only.
Milgrey Finance & Investments Limited reported its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the results at a meeting held on May 16, 2026. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013, and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Q3 FY26 Financial Performance
For the quarter ended December 31, 2025, the company recorded zero revenue from operations and zero other income, resulting in total income of ₹0.000 lakhs. Total expenses for the quarter stood at ₹0.076 lakhs, comprising finance costs of ₹0.039 lakhs and other expenses of ₹0.037 lakhs. Consequently, the company reported a pre-tax loss and net loss of ₹0.076 lakhs for Q3 FY26. No tax expenses were recorded during the quarter, and there were no exceptional items.
The following table summarises the key financial metrics for the quarter ended December 31, 2025, compared with the preceding quarter and the corresponding quarter of the previous year:
| Metric: | Q3 FY26 (31-12-25) Un-Audited | Q2 FY26 (30-09-25) Un-Audited | Q3 FY25 (31-12-24) Un-Audited |
|---|---|---|---|
| Revenue from Operations (₹ Lakhs): | 0.000 | 0.000 | 0.000 |
| Other Income (₹ Lakhs): | 0.000 | 73.570 | 24.130 |
| Total Income (₹ Lakhs): | 0.000 | 73.570 | 24.130 |
| Total Expenses (₹ Lakhs): | 0.076 | 21.200 | 1.700 |
| Profit/(Loss) Before Tax (₹ Lakhs): | (0.076) | 52.370 | 22.430 |
| Total Tax Expenses (₹ Lakhs): | 0.000 | 13.250 | 0.000 |
| Net Profit/(Loss) (₹ Lakhs): | (0.076) | 39.120 | 22.430 |
| Basic EPS (₹): | (0.000) | 0.182 | 0.104 |
| Diluted EPS (₹): | (0.000) | 0.182 | 0.104 |
Nine-Month Performance
For the nine months ended December 31, 2025, Milgrey Finance & Investments reported total income of ₹163.650 lakhs, entirely comprising other income, compared to ₹70.400 lakhs in the corresponding nine-month period of the previous year. Total expenses for the nine-month period stood at ₹24.690 lakhs, against ₹5.360 lakhs in the prior year period. After accounting for current tax expenses of ₹34.910 lakhs, the company recorded a net profit of ₹104.050 lakhs for the nine months ended December 31, 2025, compared to ₹65.040 lakhs in the corresponding period of the previous year.
| Metric: | 9M FY26 (31-12-25) Un-Audited | 9M FY25 (31-12-24) Un-Audited | FY25 (31-03-25) Audited |
|---|---|---|---|
| Total Income (₹ Lakhs): | 163.650 | 70.400 | 94.280 |
| Total Expenses (₹ Lakhs): | 24.690 | 5.360 | 27.110 |
| Profit Before Tax (₹ Lakhs): | 138.960 | 65.040 | 67.170 |
| Current Tax (₹ Lakhs): | 34.910 | 0.000 | 3.750 |
| Net Profit (₹ Lakhs): | 104.050 | 65.040 | 63.420 |
| Basic EPS (₹): | 0.483 | 0.302 | 0.294 |
| Diluted EPS (₹): | 0.483 | 0.302 | 0.294 |
Capital and Auditor Details
The paid-up equity share capital of the company remained unchanged at ₹2,154.125 lakhs (face value of ₹10/- each) across all reported periods. The company has no subsidiaries, and there were no exceptional items or discontinued operations reported during any of the periods under review.
The limited review of the unaudited financial results for the quarter ended December 31, 2025 was conducted by M/s K. S. Subrahmanyam & Co., Chartered Accountants (FRN: 017461S). In their review report dated May 16, 2026, the auditors stated that nothing had come to their attention that would indicate any material misstatement in the financial results as prepared in accordance with applicable accounting standards and Regulation 33 of the SEBI Listing Regulations. The results were signed by Director Abhay Narain Gupta (DIN: 02294699) at Mumbai.
Historical Stock Returns for Milgrey Finance & Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.15% | -9.04% | -21.13% | -34.66% | -35.06% | +119.13% |
Given that Q3 FY26 recorded zero revenue from operations and the company relies entirely on 'other income,' what specific income sources drove the strong nine-month performance, and how sustainable are these income streams going forward?
With total expenses surging from ₹5.360 lakhs in 9M FY25 to ₹24.690 lakhs in 9M FY26, what is driving this cost escalation and could rising expenses erode profitability in FY27?
As a finance and investments company with no operational revenue and no subsidiaries, what strategic initiatives is Milgrey Finance considering to diversify its income base and reduce dependence on non-recurring other income?
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