Martin Burn Limited Reports 12.5% Decline in Q2 Profit, Sees Shift in Revenue Sources

Martin Burn Limited , a real estate company, has announced its financial results for the quarter ended September 30, 2025, revealing a mixed performance with significant changes in its revenue composition.

Financial Performance

The company reported a net profit of Rs 58.84 lacs for Q2 2025, marking a 12.5% decrease from Rs 67.28 lacs in the corresponding quarter of the previous year. Despite the profit decline, total income saw a modest increase to Rs 178.87 lacs from Rs 172.76 lacs year-over-year.

Revenue Shift

A notable shift in revenue sources was observed:

Revenue Source	Q2 2025 (Rs lacs)	Q2 2024 (Rs lacs)	Change (%)
Revenue from operations	0.46	8.04	-94.3%
Other income	178.41	164.72	+8.3%
Total income	178.87	172.76	+3.5%

Martin Burn experienced a significant drop in revenue from operations, which plummeted to Rs 0.46 lacs from Rs 8.04 lacs in the same quarter last year. However, this decline was offset by an increase in other income, which rose to Rs 178.41 lacs from Rs 164.72 lacs.

Half-Year Performance

For the six-month period, Martin Burn achieved a net profit of Rs 143.35 lacs, showing an improvement from Rs 115.31 lacs in the previous year.

Earnings Per Share

The basic and diluted earnings per share for the quarter stood at Rs 1.14, compared to Rs 1.31 in the prior year, reflecting the decrease in quarterly profit.

Business Segment

Martin Burn operates primarily in the real estate segment, with other operating income representing rental income from property.

Balance Sheet Highlights

As of September 30, 2025, the company's balance sheet showed:

Metric	Amount (Rs in lacs)
Total Assets	10,111.94
Total Equity	5,772.02
Non-Current Liabilities	3,677.25
Current Liabilities	662.67

Cash Flow and Liquidity

The cash flow statement for the half-year ended September 30, 2025, revealed:

Net cash used in operating activities: Rs 240.87 lacs
Net cash from investing activities: Rs 194.26 lacs
Net cash used in financing activities: Rs 0.80 lacs

The company's cash and cash equivalents decreased from Rs 80.33 lacs at the beginning of the period to Rs 32.92 lacs at the end.

Debt and Equity

Martin Burn maintained a debt-to-equity ratio of 0.31 as of September 30, 2025, indicating a relatively low level of debt compared to its equity.

The financial results were reviewed by statutory auditors and approved at the Board meeting held on October 28, 2025. Investors and stakeholders should note that these figures are unaudited and subject to limited review.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.01%	-0.88%	+3.32%	+0.78%	-13.37%	+219.54%

Martin Burn has achieved a significant milestone in India's banking sector, becoming the first small finance bank to receive regulatory approval from the Reserve Bank of India (RBI) to transform into a universal bank. This groundbreaking development marks a new chapter in the bank's journey and sets a precedent for other small finance banks in the country.

A Transformative Approval

The bank, which submitted its application on September 3, under RBI's on-tap licensing guidelines, has been granted the approval to operate as a universal bank. This transformation will allow Martin Burn to significantly expand its range of services and cater to a broader customer base.

Expanded Service Offerings

As a universal bank, Martin Burn will now be able to offer a comprehensive suite of banking products and services across retail, business, and digital solutions. This expansion is expected to enhance the bank's ability to serve its customers more effectively and compete with established players in the banking sector.

From Vehicle Financing to Full-Service Banking

Martin Burn's journey from a vehicle financing company in Rajasthan to a full-fledged universal bank is a testament to its growth and adaptability. The bank has evolved its business model over the years, transitioning from focusing on vehicle financing for small entrepreneurs to offering a wide range of banking services.

Leadership's Vision

Sanjay Agarwal, Founder and CEO of Martin Burn, expressed his enthusiasm about the approval, describing it as a historic moment. He emphasized that this achievement reaffirms the bank's mission of building a more inclusive and empowered India.

Impact on Financial Inclusion

The transition to a universal bank is expected to play a crucial role in furthering financial inclusion in India. With its roots in serving small entrepreneurs and its expanded capabilities as a universal bank, Martin Burn is well-positioned to bridge the gap between traditional banking services and the needs of underserved segments of the population.

Looking Ahead

As Martin Burn prepares to embark on its new journey as a universal bank, the financial sector will be watching closely. The success of this transition could pave the way for other small finance banks to follow suit, potentially reshaping the banking landscape in India and contributing to the country's financial inclusion goals.

This landmark approval not only recognizes Martin Burn's growth and potential but also highlights the evolving nature of India's banking sector, as it adapts to meet the diverse financial needs of the country's population.