Stanalone Un-audited financial results for the quarter ended 30th june, 2025 alonwith Limited Review Report.
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Avon Mercantile Ltd, a small non-banking loan company, reported Q1 FY26 standalone results with revenue from operations (interest income) of Rs. 117.90 lakhs, a sharp jump of about 377% from Rs. 24.69 lakhs in the same quarter last year. The company swung to a profit of Rs. 17.98 lakhs (EPS of Rs. 0.24) compared to a loss of Rs. 3.20 lakhs in Q1 FY25, supported by a big decline in other expenses. Total expenses stood at Rs. 99.92 lakhs, with finance costs of Rs. 83.25 lakhs being the dominant cost. The statutory auditor (Gupta Garg & Agrawal) issued an unmodified limited review report. On the balance sheet, loans and advances rose to Rs. 4,074.78 lakhs and borrowings increased to Rs. 3,592.25 lakhs, while other equity remained deeply negative at Rs. (217.38) lakhs.
The return to profitability and strong revenue growth are encouraging, but the negative net worth and very high debt-to-equity ratio of roughly 6.8x point to significant financial fragility, so investors should weigh the improved earnings against the elevated leverage risk.