Submission of Financial Result for the Quarter and Half Year ended on 30th September, 2025
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Awaiting price reaction for this filing.
Corporate Merchant Bankers Limited reported strong Q2 FY26 results with total income of Rs. 156.96 lacs (up 148% from Rs. 63.35 lacs in Q2 FY25) and profit after tax of Rs. 102.27 lacs vs Rs. 2.06 lacs last year, with EPS of Rs. 3.10. For H1 FY26, total income surged to Rs. 321.51 lacs (vs Rs. 99.63 lacs), driving a PAT of Rs. 159.98 lacs compared to a loss of Rs. 2.16 lacs in H1 FY25, with H1 EPS of Rs. 4.85. The company earns no revenue from operations — all income is classified as 'Other Income,' likely interest from lending activities (loans book stands at ~Rs. 9,865 lacs). No dividend was recommended. The auditor (J. Singh & Associates) issued an unqualified limited review report.
The sharp jump in PAT and revenue turnaround from loss to profit is positive for shareholders, but the company's debt-to-equity ratio is extremely high at about 13.25x (borrowings of Rs. 9,122.50 lacs against equity of Rs. 688.75 lacs), and operating cash flow turned negative at Rs. -74.28 lacs despite accounting profits — investors should weigh the earnings improvement against the heavy leverage and weak cash generation.