Morgan Ventures reports FY26 net profit of ₹270.55 lakh
Morgan Ventures Limited reported a net profit of ₹270.55 lakh for Q4FY26, reversing the loss of ₹551.90 lakh in Q3FY26, driven by a surge in total income to ₹1,266.29 lakh. For the full year FY26, net profit stood at ₹270.55 lakh, a decline from ₹670.41 lakh in the previous year. The statutory auditors issued an unmodified opinion but highlighted an ongoing legal dispute with MIDC regarding lease rights for land valued at ₹20.02 crore.
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Morgan Ventures Limited reported a net profit of ₹270.55 lakh for the quarter ended March 31, 2026, reversing the loss of ₹551.90 lakh recorded in the previous quarter. The company's board approved the audited financial results for the quarter and financial year ended March 31, 2026, on May 29, 2026. The total income for Q4FY26 rose to ₹1,266.29 lakh, up from ₹129.19 lakh in the quarter ended December 31, 2025, primarily driven by investment income of ₹166.95 lakh and a net gain of ₹1,099.34 lakh from fair value changes of investments.
For the full financial year ended March 31, 2026, the company reported a net profit of ₹270.55 lakh, significantly lower than the ₹670.41 lakh profit recorded in the previous year. Total expenditure for the quarter stood at ₹798.91 lakh, a sharp increase from ₹712.41 lakh in the preceding quarter, largely due to management expenses of ₹336.26 lakh and interest paid on loans amounting to ₹427.72 lakh. The company's earnings per share (EPS) for the quarter was ₹2.73, compared to a negative EPS of ₹5.58 in the previous quarter.
Key Financial Metrics
| Metric | Q4FY26 (₹ in Lakhs) | Q3FY26 (₹ in Lakhs) | Q4FY25 (₹ in Lakhs) |
|---|---|---|---|
| Total Income | 1,266.29 | 129.19 | 1,241.83 |
| Total Expenses | 798.91 | 712.41 | 454.71 |
| Net Profit/(Loss) | 270.55 | (551.90) | 670.41 |
| Basic EPS | 2.73 | (5.58) | 6.77 |
The statutory auditors, D. H. A. & Co., issued an audit report with an unmodified opinion on the financial results. However, the auditors drew attention to a legal matter concerning land held as fixed assets. The Maharashtra Industrial Development Corporation (MIDC) issued a notice dated August 31, 2024, revoking lease rights for land plots aggregating approximately 76,483 square meters. The company has filed a writ petition before the Bombay High Court challenging the revocation, and the court has permitted MIDC to take only symbolic possession pending a final order. The land is valued at ₹20.02 crore in the company's books.
Related Party Transactions
The auditor's report noted transactions with related parties during the year. The company had outstanding loan amounts payable to Morgan Securities and Credits Pvt Ltd of ₹10,04,29,959 and to Peacock Chemicals Pvt Ltd of ₹20,28,61,851 as of March 31, 2026. These entities are under the significant influence of a Key Managerial Personnel, and the outstanding amounts exceed 10% of the company's annual consolidated turnover based on the last audited financial statements.
Historical Stock Returns for Morgan Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.06% | -1.42% | -10.88% | -33.64% | -55.33% | +314.81% |
What is the expected timeline for the Bombay High Court's final order regarding the MIDC land lease revocation?
How does the company plan to manage the rising interest expenses and management costs moving forward?
What strategic measures will be taken to reduce reliance on volatile investment income for profitability?
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