Pursuant to regulation 30 of SEBI ( Listing Obligations And Disclosure Requirements ) Regulations, 2015, we are submitting herewith the outcome of the board Meeting held on 14th november, ....
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Avon Mercantile Ltd, a single-segment loan company, reported its unaudited Q2 FY26 and H1 FY26 results. Total revenue from operations stood at Rs 122.29 lakhs in Q2 FY26 versus Rs 53.96 lakhs in Q2 FY25, while H1 FY26 revenue surged to Rs 240.20 lakhs from Rs 78.65 lakhs in the year-ago period. Profit before tax for the quarter was Rs 18.95 lakhs (vs Rs 2.48 lakhs) and H1 FY26 PAT turned to a profit of Rs 36.93 lakhs compared with a loss of Rs 0.72 lakhs in H1 FY25, giving EPS of Rs 0.49 for the half year. The auditor (Gupta Garg & Agrawal) issued an unmodified limited review report with no qualifications. Balance sheet shows total assets of Rs 4,041.05 lakhs, borrowings of Rs 3,292.76 lakhs, and negative other equity of Rs 198.43 lakhs (though improving from Rs 235.36 lakhs a year ago). Operating cash flow remained negative at Rs 13.56 lakhs for the quarter and Rs 3.85 lakhs for the half year.
Sharp revenue rebound and return to profitability signal improving business momentum, but shareholders should note the continued negative operating cash flow, accumulated losses reflected in negative reserves, and a high debt-to-equity position that keeps the balance sheet fragile.