Financial Result for the Quarter and Year ended on 31st March, 2026
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Corporate Merchant Bankers Ltd reported Total Income of Rs. 662.91 Lakhs for FY 2025-26, up 80% from Rs. 366.96 Lakhs in the previous year. Profit After Tax grew 13% to Rs. 244.46 Lakhs from Rs. 216.26 Lakhs. However, Total Expenses surged significantly to Rs. 330.30 Lakhs from Rs. 78.40 Lakhs. The company declared no dividend for FY 2025-26. The statutory auditors issued a QUALIFIED OPINION citing three concerns: Rs. 24 Lakhs in cash salary payments lacking proper documentation, unpaid TDS on professional fees and interest, and Rs. 8,187.74 Lakhs in unsecured loans with no formal agreements or interest provision.
The qualified opinion raises red flags about governance and compliance, particularly the large unsecured loans without documentation. While revenue and profit grew, investors should be cautious given the auditor's concerns about statutory non-compliance and transparency issues.