Maha Rashtra Apex Approves Quarterly Financial Results; Standalone Q1 2026 Data Reviewed
Maha Rashtra Apex Corporation Limited announced the outcomes of its Board meeting held on August 13, 2026, approving the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company’s financial performance data, along with a limited review report from its Statutory Auditors, was reviewed by the Board.The Board meeting commenced at 12:00 Noon and concluded at 2:30 p.m. The results provide a comparison across the quarter ended June 30, 2026, against the previous year's figures, as well as comparisons to the corresponding annual periods.
Standalone Financial Results Summary (Q1 Ending June 30, 2026)
The company’s Unaudited Standalone Financial Results for the quarter ending June 30, 2026, showed key operational and income figures across three reporting periods. The following table details the performance data in Rs. Lakhs:| Metric | Qtr ended June 30, 2026 | Qtr ended June 30, 2025 | FY ended March 31, 2026 |
|---|---|---|---|
| Revenue from operations / Income From Operation | 5.95 | 5.31 | 5.77 |
| Other operating revenue | 141.90 | 143.98 | 23.81 |
| TOTAL INCOME | 147.86 | 149.29 | 29.58 |
| Employee benefits expense | 14.91 | 18.83 | 22.79 |
| Finance costs | 0.00 | 0.00 | 0.00 |
| Depreciation and amortisation expense | 1.51 | 1.16 | 1.32 |
| Other expenses | 27.72 | 21.02 | 18.86 |
| TOTAL EXPENSES | 44.14 | 41.01 | 42.97 |
| Profit before exceptional items and tax | 103.72 | 108.28 | -13.39 |
| Exceptional items [net credit / (charge)] | 12.64 | 29.01 | 8.79 |
| Profit before tax | 116.36 | 137.29 | -4.60 |
| Current tax | 12.25 | 0.00 | 51.17 |
| Tax for Earlier years | 0.00 | 0.00 | 0.00 |
| PROFIT FOR THE PERIOD (A) | 104.11 | 137.29 | -55.77 |
| Other comprehensive income (After Tax) | 71.14 | 2041.88 | (425.78) |
| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (A+B) | 175.25 | 2179.17 | (481.55) |
Consolidated Financial Results Summary (Q1 Ending June 30, 2026)
The consolidated results reflected the performance of the Group and its subsidiaries for the first quarter ending June 30, 2026. The detailed financial breakdown is provided below:| Metric | Qtr ended June 30, 2026 | Qtr ended June 30, 2025 | FY ended March 31, 2026 |
|---|---|---|---|
| Revenue from operations / Income From Operations | 5.95 | 5.31 | 5.76 |
| Other income | 151.71 | 153.70 | 33.24 |
| TOTAL INCOME | 157.66 | 159.01 | 39.00 |
| Employee benefits expense | 14.91 | 19.31 | 23.33 |
| Finance costs | 0.00 | 0.00 | 0.03 |
| Depreciation and amortisation expense | 1.51 | 1.16 | 1.32 |
| Other expenses | 36.51 | 28.12 | 31.68 |
| TOTAL EXPENSES | 52.93 | 48.59 | 56.33 |
| Profit before exceptional items and tax | 104.73 | 110.42 | -17.33 |
| Share of Profit / (Loss) of Associates | 239.49 | 2246.98 | (448.81) |
| Exceptional items [net credit/ (charge)] | 15.64 | 29.01 | 10.03 |
| Profit before tax from continuing operations | 359.86 | 2386.41 | -456.11 |
| Current tax | 12.25 | 0.00 | 39.60 |
| PROFIT AFTER TAX (A) | 347.61 | 2386.41 | -686.73 |
| Other Comprehensive Income | 12.64 | 0.06 | 3.03 |
| TOTAL COMPREHENSIVE INCOME FOR THE PERIOD (A+B) | 360.25 | 2386.47 | -663.31 |
Auditor's Review Highlights
The Independent Auditor’s Limited Review Report noted several matters concerning the financial statements for the quarter ended June 30, 2026.Standalone Results:
A key point highlighted by the auditors was that the company did not provide for delayed period interest cost on a deposit amounting to Rs. 12.06 lakhs for the quarter ending June 30, 2026. Furthermore, the cumulative impact of such interest cost not provided from October 2019 to June 2026 totals Rs. 393.73 lakhs, leading to an overstatement of profit and understatement of liability to that extent.
The report also noted matters related to company obligations, including the outstanding principal and accrued interest payable to the public amounting to Rs. 1,367.81 lakhs, pursuant to a scheme sanctioned by the Hon'ble High Court of Karnataka dated October 8, 2004. Additionally, RBI had cancelled the Certificate of Registration granting the Company status as an NBFC on June 13, 2002.
Consolidated Results:
The consolidated financial statements included unaudited interim standalone results for three subsidiaries, reflecting total assets of Rs.963.62 lakhs and total revenues of Rs. 9.81 lakhs for the quarter ended June 30, 2026. The statements also accounted for associates, including Manipal Home Finance Ltd. and Manipal Springs Ltd., which contributed Group's Share of total profit of Rs. 239.49 lakhs.
MAHAPEXLTD Stock Price Movement
Shares of Maha Rashtra Apex Corporation Limited slipped today, settling at ₹55.44 after shedding 3.24% of their value in post-market trading. The equity recorded a total traded volume of 26,567 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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