Monind Limited Reports Widening Losses in Q3 FY26 Results
Monind Limited reported a net loss of ₹68.41 lacs for Q3 FY26, representing a 10.7% increase from ₹61.80 lacs in Q3 FY25. The company continues to generate zero revenue from operations while facing rising expenses, primarily driven by finance costs of ₹62.92 lacs. Nine-month losses widened to ₹210.59 lacs from ₹188.21 lacs in the previous year. Auditors have expressed concerns about the company's going concern status due to accumulated losses and current liabilities exceeding assets.
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Monind Limited has announced its unaudited financial results for the quarter ended December 31, 2025, revealing continued operational challenges with widening losses and zero revenue generation. The Board of Directors approved these results during their meeting held on February 13, 2026.
Financial Performance Overview
The company's financial performance for Q3 FY26 showed deteriorating conditions across key metrics:
| Parameter: | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Total Income: | ₹0.00 lacs | ₹0.00 lacs | No change |
| Total Expenses: | ₹68.41 lacs | ₹61.80 lacs | +10.7% |
| Net Loss: | ₹68.41 lacs | ₹61.80 lacs | +10.7% |
| Basic EPS: | (₹1.86) | (₹1.68) | -10.7% |
Nine-Month Performance Analysis
The nine-month period ended December 31, 2025, reflected similar trends with increased losses:
| Metric: | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Total Income: | ₹0.00 lacs | ₹0.00 lacs | No change |
| Total Expenses: | ₹210.59 lacs | ₹188.21 lacs | +11.9% |
| Net Loss: | ₹210.59 lacs | ₹188.21 lacs | +11.9% |
| Basic EPS: | (₹5.72) | (₹5.11) | -11.9% |
Expense Breakdown
The company's expense structure for Q3 FY26 was dominated by finance costs, which represented the largest component:
- Finance Costs: ₹62.92 lacs (increased from ₹55.85 lacs in Q3 FY25)
- Employee Benefits: ₹3.45 lacs (up from ₹3.30 lacs)
- Other Expenses: ₹1.58 lacs (down from ₹1.95 lacs)
- Legal & Professional Fees: ₹0.46 lacs (down from ₹0.63 lacs)
Auditor's Concerns
The statutory auditors, O P Bagla & Co LLP, issued an emphasis of matter in their limited review report highlighting significant concerns about the company's financial position. The auditors noted that the company has accumulated losses resulting in erosion of net worth and has incurred net cash losses in the current period and immediately preceding financial year. Additionally, current liabilities exceeded current assets significantly, raising doubts about the company's ability to continue as a going concern.
Corporate Governance
The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors on February 13, 2026. The company maintains its paid-up equity share capital at ₹368.13 lacs across all reported periods. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
