Mudra Financial Services Reports Net Loss of ₹2.33 Lakhs in Q3FY26
Mudra Financial Services Limited reported a net loss of ₹2.33 lakhs in Q3FY26 versus a profit of ₹15.72 lakhs in Q3FY25, despite total income increasing to ₹33.36 lakhs. The loss was primarily attributed to higher employee benefit expenses of ₹17.74 lakhs and net loss on fair value changes of ₹10.36 lakhs. For the nine-month period, the company maintained profitability with ₹8.83 lakhs net profit, though significantly lower than ₹39.73 lakhs in the corresponding previous period.
*this image is generated using AI for illustrative purposes only.
Mudra Financial Services Limited has announced its unaudited financial results for the quarter ended December 31, 2025, revealing a challenging quarter with the company reporting a net loss despite increased revenue. The Mumbai-based financial services company's Board of Directors approved these results during their meeting held on January 28, 2026.
Financial Performance Overview
The company's financial performance showed mixed results for Q3FY26. While total income grew, increased expenses led to a loss for the quarter.
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Total Income | ₹33.36 lakhs | ₹31.37 lakhs | +6.34% |
| Total Expenses | ₹35.09 lakhs | ₹13.27 lakhs | +164.44% |
| Net Profit/(Loss) | (₹2.33 lakhs) | ₹15.72 lakhs | Loss |
| Basic EPS | (₹0.05) | ₹0.31 | Negative |
Revenue Analysis
Revenue from operations reached ₹25.87 lakhs in Q3FY26 compared to ₹21.87 lakhs in Q3FY25. The revenue composition included:
- Interest Income: ₹16.83 lakhs (down from ₹18.79 lakhs in Q2FY26)
- Fees and Commission Income: ₹3.15 lakhs
- Sale of Shares: ₹5.89 lakhs (significant increase from ₹2.18 lakhs in Q2FY26)
- Bad Debts Recovered: ₹5.00 lakhs was recorded in Q2FY26
Other income contributed ₹7.49 lakhs to the total income, compared to nil in the previous quarter.
Expense Structure and Challenges
The company faced significant expense pressures during the quarter:
| Expense Category | Q3FY26 | Q3FY25 | Impact |
|---|---|---|---|
| Employee Benefits | ₹17.74 lakhs | ₹10.69 lakhs | +65.90% |
| Net Loss on Fair Value Changes | ₹10.36 lakhs | ₹0.00 lakhs | New expense |
| Cost of Shares Sold | ₹5.39 lakhs | ₹0.00 lakhs | New expense |
| Other Expenses | ₹2.06 lakhs | ₹2.19 lakhs | -5.94% |
Notably, the company recorded a positive adjustment of ₹0.45 lakhs in impairment on financial instruments, compared to an expense of ₹0.39 lakhs in Q3FY25.
Nine-Month Performance
For the nine months ended December 31, 2025, Mudra Financial Services maintained overall profitability:
- Total Income: ₹86.84 lakhs (compared to ₹87.40 lakhs in 9MFY25)
- Net Profit: ₹8.83 lakhs (significantly down from ₹39.73 lakhs in 9MFY25)
- Basic EPS: ₹0.18 (compared to ₹0.79 in 9MFY25)
Tax Position and Capital Structure
The company's tax expense for Q3FY26 was ₹0.60 lakhs, comprising current tax of ₹2.00 lakhs offset by deferred tax benefit of ₹1.40 lakhs. The paid-up equity share capital remained stable at ₹501.00 lakhs with a face value of ₹10.00 per share.
Regulatory Compliance
The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the statutory auditors Sampat & Mehta LLP. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As the company operates within a single business segment of financial services, segment reporting requirements under Ind AS 108 are not applicable.
Historical Stock Returns for Mudra Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | 0.0% | 0.0% | 0.0% | -100.00% |
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