Audited financial results for the quarter and year ended 31st March 2026

Mercantile Ventures Ltd reported audited results for FY2026 ending 31 March 2026. On a consolidated basis, total income grew 13% to Rs 9,634.77 lakhs from Rs 8,505.52 lakhs, driven by higher revenue from Security Services and Manpower Services segments. However, net profit after tax collapsed by 87% to Rs 204.17 lakhs from Rs 1,626.53 lakhs in the previous year. Standalone performance was similarly weak with total income of Rs 4,543.25 lakhs (up 17%) but net profit down 81% to Rs 131.98 lakhs. The auditors issued an unmodified opinion for standalone financials but issued a qualified opinion on consolidated financials due to a subsidiary holding Rs 22 crore in preference shares with unpaid dividends since FY2019-20, where valuation reports were not available to verify fair market value. The company also highlighted a proposed merger with i3 Security Private Limited.