BOM:511549

2 stories mentioning BOM:511549Updated 93d ago

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Morarka Finance Posts Sharp Decline in Fiscal Q4 Profit

Morarka Finance (BOM:511549) said its net profit plunged to 961,000 Indian rupees in the fiscal fourth quarter from 5.2 million rupees a year ago, according to a Thursday filing on BSE.Earnings per share for the quarter ended March 31 fell to 0.21 rupees from 1.16 rupees a year earlier.Total revenue from operations of the non-banking finance company declined sharply year on year to 65,000 million rupees from 1.6 million rupees, the filing said.The company also recommended a dividend of 1.5 rupees per share, payable to shareholders of record on July 8, the filing said.

BOM:511549

Asia111d ago

Morarka Finance CEO to Step Down After Being Named Managing Director

Morarka Finance (BOM:511549) said Chief Executive Officer Pranay G. Morarka will step down from the role, effective April 24, following his appointment as managing director, according to a Thursday filing.The board has approved his appointment as managing director for a five-year term starting April 24, subject to shareholder approval, the filing said.He has been serving as CEO of Morarka Finance since 2014, according to the filing.

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