MOTOGENFIN - Motor & Gen Fin
📢 Recent Corporate Announcements
The Motor & General Finance Limited reported a net loss of ₹2.95 Lakhs for the quarter ended December 31, 2025, a reversal from a profit of ₹17.16 Lakhs in the previous year's quarter. Total income for the quarter declined to ₹215.23 Lakhs from ₹247.36 Lakhs year-on-year. The nine-month performance was significantly impacted by a ₹248.95 Lakhs loss on the sale of equity shares in its associate company, Jayabharat Credit Limited, which has now ceased to be an associate. Consequently, the company posted a net loss of ₹183.78 Lakhs for the nine-month period compared to a profit of ₹80.31 Lakhs in the prior year.
- Net loss of ₹2.95 Lakhs in Q3 FY26 vs a profit of ₹17.16 Lakhs in Q3 FY25.
- Total income for Q3 FY26 decreased by 13% YoY to ₹215.23 Lakhs.
- Nine-month loss of ₹183.78 Lakhs driven by a ₹248.95 Lakhs loss on sale of investment in Jayabharat Credit Limited.
- Revenue from operations for 9M FY26 stood at ₹509.87 Lakhs, down from ₹522.88 Lakhs YoY.
- EPS for 9M FY26 turned negative at (₹0.47) compared to ₹0.21 in the previous year.
The Motor & General Finance Limited reported a standalone net loss of ₹2.95 Lakhs for the quarter ended December 31, 2025, a sharp decline from a profit of ₹17.16 Lakhs in the previous year's corresponding quarter. Total income for the quarter also decreased to ₹215.23 Lakhs from ₹247.36 Lakhs year-on-year. The nine-month performance was significantly impacted by a ₹248.95 Lakhs loss on the sale of its stake in associate company Jayabharat Credit Limited, which has now ceased to be an associate. Despite a one-time enhancement compensation of ₹42.00 Lakhs, the company remains in a loss-making position for the fiscal year to date.
- Standalone Revenue from Operations declined 6.3% YoY to ₹163.22 Lakhs in Q3 FY26.
- Net loss for Q3 FY26 stood at ₹2.95 Lakhs compared to a profit of ₹17.16 Lakhs in Q3 FY25.
- Nine-month (9M) net loss reached ₹183.78 Lakhs, primarily due to a ₹248.95 Lakhs loss on investment sales.
- Other expenses for 9M FY26 surged to ₹641.31 Lakhs from ₹379.86 Lakhs in the previous year.
- Jayabharat Credit Limited ceased to be an associate company following the sale of equity shares during the period.
The Motor & General Finance Limited held a separate meeting of its Non-Executive Independent Directors on February 5, 2026, in compliance with SEBI (LODR) Regulations. The three independent directors reviewed the performance of the Board, the Chairperson, and Executive Directors, finding all to be satisfactory. They also evaluated the quality and timeliness of information flow between the company's management and the Board. This meeting is a standard regulatory requirement aimed at ensuring robust corporate governance.
- Separate meeting of 3 Non-Executive Independent Directors held on February 5, 2026
- Performance of Non-Independent Directors and the Board as a whole was found satisfactory
- Evaluated the performance of the Chairperson and Executive Directors with satisfactory results
- Confirmed the quality, quantity, and timeliness of information flow from management to the Board
- Meeting was conducted within a 30-minute window from 12:30 p.m. to 1:00 p.m.
The Motor & General Finance Limited has submitted a compliance report regarding the re-lodgment of physical share transfer requests as per SEBI guidelines. The report, provided by its RTA Alankit Assignments Limited, covers the periods ending December 31, 2025, and January 5, 2026. During these periods, the company received zero requests for the transfer of physical shares under the special SEBI window. Consequently, no requests were processed, approved, or rejected, indicating no activity in this specific regulatory category.
- Compliance report filed as per SEBI Circular dated July 2, 2025, regarding physical share transfers.
- Zero requests received for re-lodgment of physical share transfers as of December 31, 2025.
- Zero requests processed, approved, or rejected for the period ending January 5, 2026.
- Average processing time for such requests remains nil due to lack of applications.
The Motor & General Finance Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Alankit Assignments Limited, confirms the processing of dematerialization requests for the quarter ended December 31, 2025. It verifies that physical share certificates were mutilated, cancelled, and the depository's name was updated in the company's records. This is a standard administrative filing ensuring regulatory adherence regarding shareholding formats.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Alankit Assignments Limited, the company's Registrar and Share Transfer Agent.
- Confirms physical shares received for dematerialization were listed on Stock Exchanges.
- Confirms that certificates were duly verified, mutilated, and cancelled as per SEBI norms.
- The depository has been substituted as the registered owner in the company's records.
The Motor & General Finance Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This routine measure is taken ahead of the announcement of the company's standalone and consolidated unaudited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed for all designated persons, including directors and promoters, until 48 hours after the results are officially declared. The specific date for the board meeting to approve these results will be communicated in the near future.
- Trading window closure commences on January 1, 2026.
- Closure pertains to the financial results for the quarter and nine months ending December 31, 2025.
- Restriction applies to all Directors, Promoters, and Designated Persons of the company.
- The window will reopen 48 hours after the financial results are disclosed to the exchanges.
- Board meeting date for result approval is yet to be announced.
The Motor & General Finance Limited has announced the re-lodgement of transfer requests for physical shares. This is in compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025. The company has received a report from its Registrar and Share Transfer Agent, M/s Alankit Assignments Limited, regarding the re-lodgement status as of November 30, 2028. This announcement is for informational purposes and record-keeping.
- Re-lodgement of transfer requests of physical shares
- SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated 2nd July, 2025
- Report from M/s Alankit Assignments Limited as of November 30, 2028
Financial Performance
Revenue Growth by Segment
The company operates in a single primary segment: 'Rental/leasing/sale of Immovable Property'. Consolidated revenue from sale of services grew 12.38% YoY to INR 697.17 lakhs in FY25 from INR 620.36 lakhs in FY24. Standalone revenue for H1 FY26 was INR 346.65 lakhs, a slight decrease of 0.55% compared to INR 348.58 lakhs in H1 FY25.
Geographic Revenue Split
Not disclosed in available documents, though the company is headquartered in New Delhi and holds significant property assets in the Delhi/NCR region, including Mohan Co-operative Industrial Estate.
Profitability Margins
Consolidated Net Profit Margin for FY25 was 8.02% (INR 79.66 lakhs profit on INR 992.74 lakhs total income). Standalone operations for H1 FY26 reported a net loss of INR 180.83 lakhs, primarily due to a 111.8% spike in 'Other Expenses' to INR 511.65 lakhs compared to INR 241.54 lakhs in H1 FY25.
EBITDA Margin
Consolidated Profit before Exceptional Items and Tax was INR 83.33 lakhs in FY25, a 31.04% decrease from INR 120.84 lakhs in FY24. Standalone H1 FY26 EBITDA was negative due to the reported loss before tax of INR 180.83 lakhs.
Capital Expenditure
Not disclosed in available documents; however, the company maintains significant Investment Property valued at INR 11,356.16 lakhs and Property, Plant & Equipment (PPE) at INR 6,174.53 lakhs as of September 30, 2025.
Credit Rating & Borrowing
Consolidated finance costs decreased by 52.3% YoY to INR 19.91 lakhs in FY25 from INR 41.72 lakhs in FY24, indicating a reduction in debt or lower borrowing costs. Standalone borrowings as of September 30, 2025, totaled INR 233.49 lakhs (INR 229.23 lakhs current and INR 4.26 lakhs non-current).
Operational Drivers
Raw Materials
Not applicable as the company is engaged in real estate rental and leasing. Major operational costs include Employee Benefits (INR 246.84 lakhs in FY25, representing 24.8% of total income) and Depreciation (INR 112.61 lakhs in FY25).
Import Sources
Not applicable for the service-based rental/leasing business model.
Capacity Expansion
The company is currently focused on asset monetization rather than expansion, having approved the execution of an Agreement to Sell for its Land and Building at A-30, Mohan Co-operative Industrial Estate, New Delhi, to Haldiram Marketing Private Limited in November 2025.
Raw Material Costs
Not applicable. Operational focus is on property maintenance and administrative overheads.
Manufacturing Efficiency
Not applicable. Efficiency is measured by property utilization and rental yields.
Strategic Growth
Expected Growth Rate
12.40%
Growth Strategy
The company is pursuing a strategy of asset monetization and optimization of its rental portfolio. A key milestone is the sale of the Mohan Co-operative Industrial Estate property to Haldiram Marketing Private Limited, which will provide a significant cash influx. Growth is also supported by its associate company, Jayabharat Credit Limited, which contributed INR 3.67 lakhs to consolidated profits in FY25.
Products & Services
Rental services, leasing of commercial and industrial buildings, and sale of immovable property.
Brand Portfolio
MGF (Motor & General Finance Limited).
Market Expansion
The company is focused on the Delhi/NCR real estate market, with no specific plans for geographic expansion disclosed.
Market Share & Ranking
Not disclosed in available documents; however, it is noted as one of the oldest finance companies in India, incorporated in 1930.
Strategic Alliances
Maintains a significant associate relationship with Jayabharat Credit Limited.
External Factors
Industry Trends
The real estate leasing industry is seeing a shift toward asset monetization and consolidation. MGF is positioning itself by liquidating large industrial assets to potentially pivot or strengthen its balance sheet.
Competitive Landscape
Competes with other commercial real estate developers and leasing firms in the Delhi/NCR region.
Competitive Moat
The company's moat is built on its long-standing history (since 1930) and ownership of prime real estate assets in established industrial hubs. This cost-leadership in asset acquisition (historical cost) provides a sustainable advantage in rental yields.
Macro Economic Sensitivity
Highly sensitive to real estate market cycles, interest rate fluctuations affecting property valuations, and commercial demand in the Delhi/NCR region.
Consumer Behavior
Demand for industrial and commercial space is driven by the expansion of retail and marketing firms, as evidenced by the sale to Haldiram Marketing.
Geopolitical Risks
Low direct impact as operations are localized to Indian real estate.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act, 2013 and Indian Accounting Standards (Ind AS). Property transactions are subject to local land use and industrial estate regulations.
Taxation Policy Impact
The company reported no current tax expense for H1 FY26 due to standalone losses. Deferred tax assets stood at INR 0.84 lakhs as of September 2025.
Legal Contingencies
The company stated it had no long-term contracts, including derivative contracts, with material foreseeable losses as of March 31, 2025.
Risk Analysis
Key Uncertainties
The primary uncertainty is the impact of large-scale asset sales on long-term recurring revenue. The 111.8% increase in standalone expenses in H1 FY26 also presents a risk to short-term profitability.
Geographic Concentration Risk
High concentration in the Delhi/NCR region, making revenue highly dependent on the local economic climate.
Third Party Dependencies
Dependency on major lessees and buyers like Haldiram Marketing Private Limited for significant cash flow events.
Technology Obsolescence Risk
Low risk given the nature of the real estate business, though digital transformation in property management is an ongoing industry trend.
Credit & Counterparty Risk
Standalone trade receivables were INR 35.09 lakhs as of September 30, 2025, representing a small fraction (0.2%) of total assets, indicating low immediate credit risk.