Kya chal raha hai FMNL ke saath?
Future Market Networks Limited (FMNL) ne apne Q3 FY26 ke results reveal kiye hain aur numbers bilkul achhe nahi lag rahe. Sirf profit hi nahi gira, company ek bade legal panga mein bhi phansi hui hai.
Q3 Numbers Ka Haal:
- Consolidated Income Q3 mein 3.9% gir kar ₹7,310.19 Crore ho gayi. Aur Net Profit 11.9% gir kar ₹18.08 Crore (yaani ₹180.79 Lakhs) pe aa gaya. Basic EPS bhi ₹0.31 ho gaya, jo pehle ₹0.35 tha.
- Agar pichhle 9 mahine ki baat karein, toh Consolidated Income 3.1% gir kar ₹1,010.03 Crore hui. Lekin Net Profit ka toh bura haal hai, 88.4% gir gaya aur sirf ₹40.02 Crore (yaani ₹4001.8 Lakhs) raha. Pehle yeh ₹345.87 Crore tha. Basic EPS bhi seedha ₹0.68 pe aa gaya, jo pehle ₹5.85 tha!
- Standalone basis pe bhi Q3 mein Income 6.8% gir kar ₹21,959.1 Lakhs ho gayi aur Net Profit toh 66.9% tut gaya, sirf ₹2,083 Lakhs bacha. EPS bhi ₹1.08 se ₹0.35 ho gaya.
Abhi Toh Yeh Toh Shuruat Hai... Asli Tension Toh Yahan Hai:
Sabse badi red flag hai JC Flower (pehle Yes Bank) se aaya ₹18,448.96 Lakhs ka demand notice, jo lagbhag ₹1,845 Crore hota hai! Iske liye company ne shares aur property ko collateral pe rakha hua hai aur DRT Ahmedabad aur New Delhi mein case chal rahe hain. Yeh ₹1845 Crore ka bojh company ki financial health ke liye bahut khatarnak ho sakta hai.
Iske alawa bhi kuch aur issues hain:
- Future Retail Limited ke liquidator se lease rent ke liye claims aa rahe hain.
- Ek contested arbitral award ka mamla bhi hai.
- Subsidiary operations se bhi kafi contingent liabilities hain.
- Q4 FY25 ke standalone results mein kuch exceptional losses bhi dikhe, jaise ₹1,900 Lakhs capital advances write-off ke liye aur ₹548.90 Lakhs investment impairment ke liye.
Company ka business sirf "Property and Related Services" mein hai, lekin details mein balance sheet, cash flow ya ROE, ROCE jaise ratios nahi diye gaye hain. Isliye sirf P&L figures aur is bade legal overhang ke basis pe hi kuch andaza lagaya ja sakta hai.