Quarterly Result13 Nov 2025, 05:05 pm
Manipal Finance Corporation Ltd Reports Q2 Loss, Raises Doubt Over Going Concern
AI Summary
Manipal Finance Corporation Ltd has reported its un-audited financial results for the quarter ended 30th September, 2025. The company has reported losses and has raised a doubt about its ability to continue as a going concern due to a majority of its funds being blocked in Non-Performing Assets. The audit report has been reviewed by Sriramulu Naidu & Co, who have expressed their inability to comment on the ultimate realisability of the company's assets and its ability to settle liabilities.
Key Highlights
- Manipal Finance Corporation Ltd has reported losses for the quarter ended 30th September, 2025.
- The company's majority of funds are blocked in Non-Performing Assets, raising a doubt about its ability to continue as a going concern.
- The audit report has been reviewed by Sriramulu Naidu & Co.
- Sriramulu Naidu & Co. have expressed their inability to comment on the ultimate realisability of the company's assets and its ability to settle liabilities.
- The financial statements have been prepared on a ‘going concern’ basis in view of management perception.
Price Impact
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