Minolta Finance News

Minolta Finance Reports Rs 575 Crore Loss in Q2 FY26, Net Worth Eroded by 48.65%

Minolta Finance Limited posted a massive net loss of Rs 575.02 crore for the quarter ended September 30, 2025, compared to a profit of Rs 1.32 crore in the same quarter last year, primarily due to impairment provisions of Rs 370.80 crore and negative interest income of Rs 3.61 crore. The company's net worth has been significantly eroded by 48.65% during the quarter, with auditors highlighting that Rs 2.74 crore interest was reversed on impaired assets, leading to increased ECL provisions and negative revenue.

Minolta Finance Reports Quarterly Loss as Interest Reversal Impacts Revenue

Minolta Finance Limited approved its unaudited financial results for the quarter ended September 30, 2025. The company reversed interest of Rs. 2.74 crores on impaired assets, leading to increased ECL provision and negative revenue during the quarter. The company's net worth eroded by Rs. 4.86 crores, representing 48.65% of total net worth. The board also approved an Employee Stock Option Plan Scheme 2025 and reviewed related party transactions. The statutory auditors M/s. JCR Co. LLP issued a limited review report highlighting these concerns but did not modify their opinion.