Minolta Finance Announces Unaudited Results for Quarter Ended June 30, 2026
Minolta Finance Ltd has released its Unaudited Financial Results for the quarter ending June 30, 2026. The company approved these results along with a Limited Review Report by Statutory Auditors M/s. JCR & Co. LLP on August 11, 2026.The financial performance metrics are detailed in the following table, presenting key figures across different periods:
| Particulars | June 30, 2026 Unaudited (Rs. In lakhs) | March 31, 2026 Audited Quarter Ended (Rs. In lakhs) | June 30, 2025 Unaudited (Rs. In lakhs) | March 31, 2026 Audited For the Year Ended (Rs. In lakhs) |
|---|---|---|---|---|
| Income | ||||
| Interest Income | 491.33 | 538.44 | 205.31 | 1,195.83 |
| Other Income | - | (0.01) | 1.01 | 1.08 |
| Total Income | 491.33 | 538.44 | 206.32 | 1,196.92 |
| Expenses | ||||
| Finance Cost | 407.90 | 411.80 | 165.42 | 981.47 |
| Impairment on Financial Instruments | 16.77 | (124.85) | 15.98 | 342.38 |
| Employee Benefit Expenses | 24.33 | (5.10) | 14.19 | 38.98 |
| Other Expenses | 12.16 | 11.07 | 10.97 | 38.59 |
| Total Expenses | 461.50 | 293.46 | 206.56 | 1,401.97 |
| Net Profit/(Loss) for the period | 46.81 | 258.34 | (56.00) | (142.81) |
Operational and Review Highlights
The Limited Review Report by M/s JCR & Co. LLP noted several operational aspects during the quarter, including debt assignments and cyber incidents.Key observations from the review include:
- Debt Assignment: The company assigned a debt amounting to Rs. 6.18 crores to Radiant Financial Services Ltd. through an agreement dated June 30, 2026.
- Recoveries: Recoveries of ₹2.94 crore were considered from Radiant Financial Services Ltd. (the Assignee) relating to the period between July 1, 2026, and August 7, 2026. The auditor noted that these subsequent recoveries resulted in an understatement of the ECL provision by ₹2.94 crore and an overstatement of Profit by Rs. 2.94 Crores as at June 30, 2026.
- Investments: The company holds quoted and unquoted investments of shares amounting to Rs. 62.87 lakhs; however, the management is pursuing documentation regarding these ownership claims.
- Cyber Security Incident: A ransomware cyber-attack occurred on July 3, 2026, compromising all financial data and backups. Management stated that there is no financial loss due to this event.
- Regulatory Matters: The company filed an application with the Reserve Bank for a change in management in March 2026, which is currently awaiting approval.
- Tax Compliance: It was noted that Profession Tax (PT) was deducted from employees' salaries but not remitted to the concerned statutory authorities, and the company had not obtained mandatory professional tax registration.
Stock Price Movement
On Tuesday, Minolta Finance Ltd settled at ₹1.24, declining 3.88% in the post-market trade. The shares saw movement during the day, ranging between a high of ₹1.32 and a low of ₹1.23.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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