We enclose herewith: - the standalone audited financial results for the quarter and year ended 31st March, 2025 along with the statement of assets and liabilities and cash flow statements -independent ....
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Avon Mercantile Limited, which operates as a loan/financing company, reported audited results for FY25. Total income fell sharply to ₹266.95 lakhs from ₹464.79 lakhs in FY24, a drop of about 43%. Revenue from operations alone declined from ₹433.64 lakhs to ₹255.22 lakhs. The company slipped into a loss with a profit before tax and net loss of ₹(1.41) lakhs, compared to a profit of ₹14.26 lakhs last year. On the balance sheet, borrowings surged dramatically from ₹80.75 lakhs to ₹3,269.25 lakhs, while loans and advances given out jumped from ₹540 lakhs to ₹3,709.50 lakhs. Total assets grew to ₹3,973.15 lakhs but other equity remained negative at ₹(235.36) lakhs. Operating cash flow was negative at ₹(37.94) lakhs.
Weak set of numbers for shareholders — falling revenues, a return to loss, a sharp rise in debt against a negative equity base, and negative operating cash flow raise concerns about financial health and future sustainability.