Morarka Finance Announces Q1 Financial Results and Board Approves RBI Deregistration Application
Morarka Finance Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors also approved a plan to apply for deregistration from the Reserve Bank of India (RBI), following consideration of eligibility criteria as outlined in amendments to RBI regulations.The results, along with the Limited Review Report from Statutory Auditors M/s Jayesh Dadia & Associates LLP, were adopted during a meeting of the Board of Directors held via video conferencing on Tuesday, July 21, 2026. The company's management noted that the financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other generally accepted accounting practices.
The Board’s key decisions included the adoption of these unaudited results and the approval to apply for deregistration from the RBI. This decision follows amendments provided by the Reserve Bank of India, which offer an opportunity for eligible existing Type I NBFCs to operate as "Unregistered Type I NBFCs."
Morarka Finance, currently a registered Type I NBFC, approved the application for deregistration after confirming that it satisfies all prescribed eligibility criteria and does not intend to undertake any future business requiring compulsory registration as an NBFC. Upon receiving the necessary approval from the Reserve Bank of India, the company will operate under the status of "Unregistered Type I NBFC."
Financial Performance Highlights
The unaudited financial results for the quarter ended June 30, 2026, show strong performance across several revenue streams. The totals are presented in Lakhs:| Particulars | June 30, 2026 (Reviewed) | March 31, 2026 (Audited) | June 30, 2025 (Reviewed) | March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Income (A+B) | 58.18 | 5.79 | 21.47 | 222.19 |
| Interest income | 0.02 | 0.65 | 0.72 | 9.09 |
| Dividend income | 29.44 | 0.26 | 1.02 | 137.21 |
| Fees and commission income | 9.75 | 9.75 | 9.75 | 39.00 |
| Net gain on fair value change | 14.82 | (9.18) | 13.87 | 15.85 |
| Total Expenses | 12.49 | 12.92 | 14.81 | 55.0 |
| Profit before tax | 45.69 | (7.13) | 14.66 | 166.42 |
| Profit for the period | 37.95 | 9.61 | 13.96 | 143.03 |
The company reported a total comprehensive income of (357.88) Lakhs for the quarter ending June 30, 2026. The long-term Reserves stand at 11,131.73 Lakhs.
Other financial details noted by the management include:
- The company is primarily engaged in non-banking financial institution business and therefore does not have separate reportable segments per Indian Accounting Standard (Ind AS 108).
- As of June 30, 2026, the company has no subsidiary, associate, or joint venture companies.
Stock Price Movement
As of 13:11, Morarka Finance Ltd is ticking up strongly at ₹62.90, fueled by a 4.00% gain. The shares have experienced movement throughout the day, fluctuating between an intraday low of ₹60.00 and a high of ₹64.50.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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