Audited financial results (Standalone & Consolidated) of the Company for the quarter and year ended 31st March 2026.
MERCANTILE · price
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Mercantile Ventures reported standalone total income of Rs 4,543.25 lakhs (up 16.8% YoY) but net profit dropped 81.6% to Rs 126.62 lakhs from Rs 689.16 lakhs. Consolidated total income was Rs 9,634.77 lakhs (up 13.3% YoY) with net profit of Rs 690.06 lakhs (down 60.1% from Rs 1,730.55 lakhs). The standalone audit received an unmodified (clean) opinion, but the consolidated audit has a qualified opinion due to Walery Security Management Limited holding Rs 22 crore in preference shares with dividends unpaid since FY 2019-20, where auditors could not verify fair market value. The company also announced a proposed merger with i3 Security Private Limited. Cash flow from operations turned positive at Rs 83.37 lakhs on consolidated basis, a significant improvement from negative Rs 3,280.60 lakhs in the prior year.
The significant decline in profitability despite revenue growth indicates cost pressures or one-time adjustments affecting bottom line. The qualified opinion on consolidated results and the proposed merger with subsidiary i3 Security Private Limited add complexity for investors evaluating the company's financial health.