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Consecutive Commodities (formerly Consecutive Investments & Trading) filed its unaudited Q3 FY26 and nine-month results, showing a dramatic surge in revenue from its agri-commodity trading business. Revenue from operations for the nine months jumped to Rs 4,147.54 lakhs from Rs 738.87 lakhs in the same period last year, a growth of over 460%. However, net profit for the nine months grew only modestly to Rs 182.43 lakhs (up 8.8% YoY from Rs 167.69 lakhs), while Q3 standalone net profit actually fell to Rs 33.67 lakhs from Rs 81.81 lakhs a year ago. Profit before tax margin compressed sharply from around 30% to under 6%, reflecting a trading-led, low-margin business mix. The statutory auditor (S K Bhavsar & Co.) issued a limited review with an Emphasis of Matter flagging unverified trade receivables, payables, loans and advances, stock valuation reliance on management documents, absence of a GST registration, and the fact that the company does not maintain a bank account in its own name.
Strong top-line growth driven by agri-commodity trading volumes is positive for scale, but the sharp fall in margins and weaker Q3 profits suggest profitability remains thin. The auditor's emphasis-of-matter points around unverified balances, no GSTN and no company-named bank account are governance red flags that retail investors should weigh carefully.