MERCANTILE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mercantile Ventures reported its Q2 and H1 FY26 (ended 30 Sep 2025) unaudited results on 27 Oct 2025. Standalone Q2 income rose to Rs 1,122.80 lakhs (vs Rs 903.83 lakhs YoY), but the company posted a net loss of Rs 18.96 lakhs versus Rs 9.22 lakhs loss YoY. For H1 FY26, standalone swung to a net loss of Rs 61.57 lakhs from a profit of Rs 18.77 lakhs in H1 FY25, with EPS at Rs (0.04). On a consolidated basis, Q2 net profit was Rs 140.64 lakhs (recovering from Q1 loss), while H1 FY26 profit fell sharply to Rs 81.44 lakhs from Rs 1,070.93 lakhs a year ago. The board also appointed Mr. N Umasankar (DIN: 07975664), a finance professional with 32 years of experience, as Additional Director designated as Whole-time Director (Finance) & CFO for a 2-year term. The auditor flagged a qualification regarding subsidiary Walery Security Management's Rs 22 crore redeemable cumulative preference shares, with unpaid dividends since FY 2019-20 and no valuation reports available.
Weak operating performance with standalone turning to a loss and consolidated H1 profits dropping sharply may weigh on the stock. The CFO appointment brings experienced finance leadership, but the audit qualification on a subsidiary's Rs 22 crore unvalued preference shares is a governance red flag investors should monitor.