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BSEAvon Mercantile Ltd· Commercial Services & SuppliesHighNeutral
Announced Thu, 22 Jan, 2026 · 15:34 IST

The Board of Directors of the Company at its meeting held today i.e. 22.01.2026 which commenced at 2:00 P.M. and concluded at 3:10 P.M. have considered and approved the followings:- 1.The ....

Revenue growth above 20%Profit growth above 25%EBITDA margin expansionDebt to equity above the thresholdNegative operating cash flowResults View source PDFExplain this filing

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Price reaction

Awaiting price reaction for this filing.

AI summary

The board approved unaudited Q3 FY26 (quarter ended 31 December 2025) results along with a limited review report from auditors Gupta Garg & Agrawal, and called an EGM on 24 February 2026 to appoint Ms. Nikita Sehrawat as Manager. Revenue from operations rose about 63% year-on-year to Rs 120.17 lakh in Q3, while nine-month revenue jumped roughly 136% to Rs 360.37 lakh. The company swung from a marginal profit of Rs 0.26 lakh in Q3 FY25 to Rs 28.22 lakh in Q3 FY26, with nine-month profit at Rs 65.15 lakh versus a small loss earlier. Q3 EPS was Rs 0.38 (vs near-zero) and nine-month EPS was Rs 0.87 (vs Rs -0.01). The company operates as a single-segment loan/NBFC-type business, with borrowings of Rs 3,443.75 lakh against equity of only Rs 577.53 lakh, and other equity still in negative territory at Rs -170.21 lakh.

Likely market impact

Strong top-line and profit turnaround are positives, but the stock remains a small, high-leverage entity with borrowings nearly 6x equity and accumulated losses still sitting in reserves — investors should weigh the recovery against balance-sheet risk. The auditor's review report is unqualified, which is supportive, but nine-month operating cash flow was marginally negative.