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 20th May, 2026. ....
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Avon Mercantile Ltd, a loan company listed on BSE (Scrip Code: 512265), reported audited financial results for FY2026 ended March 31, 2026. Total revenue grew significantly to Rs. 484.21 lakhs from Rs. 255.22 lakhs in FY2025, representing approximately 90% revenue growth. The company turned profitable with Profit After Tax of Rs. 91.62 lakhs compared to a loss of Rs. 1.41 lakhs in the previous year. However, finance costs more than doubled to Rs. 337.49 lakhs (from Rs. 161.11 lakhs), significantly compressing profitability. EPS improved from Rs. -0.02 to Rs. 1.23 per share. The auditors, Guptagarg & Agarwal, issued an unqualified opinion with no qualifications or emphasis of matter. Borrowings increased to Rs. 3,599.75 lakhs and loans & advances grew to Rs. 4,073.78 lakhs. Operating cash flow turned positive at Rs. 5.07 lakhs compared to negative Rs. 37.94 lakhs in FY2025.
Strong turnaround from loss to profit with near-doubling of revenue is positive, but investors should note that high finance costs relative to revenue indicate margin compression risk going forward. The clean audit opinion and positive operating cash flow provide some comfort.