Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today i.e. ....
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The Board of Chandrima Mercantiles approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) at its meeting held on August 14, 2025. Revenue from operations fell to Rs. 440.71 lacs, down from Rs. 624.54 lacs in Q1 FY25 (a YoY decline of ~29.4%) and Rs. 876.48 lacs in the preceding Q4 FY25. Net profit for the quarter stood at Rs. 41.64 lacs, lower than Rs. 64.19 lacs in Q1 FY25 but recovering from a Rs. 98.87 lacs loss in Q4 FY25. EPS came in at Rs. 0.19 versus Rs. 2.90 in Q1 FY25, though the comparison is skewed by the issuance of 2 crore new equity shares during FY25. The company reported a large negative other comprehensive income of Rs. 811.35 lacs due to mark-to-market losses on equity investments held in other companies (per Ind AS 109/113), pushing total comprehensive income to Rs. -769.71 lacs. The results were reviewed by statutory auditors VSSB & Associates with a standard limited review report.
For shareholders: Q1 FY26 shows a sharp revenue contraction both YoY and QoQ, raising concerns about demand softness in the company's single trading segment (agriculture products). However, the bottom line stayed profitable and tax expense went to zero, which is a positive. The steep negative OCI reflects paper losses on equity investments and does not affect operating cash flows, but it weighs on book value. Stock price may stay volatile given the weak top line and the large investment-related comprehensive loss.