Audited standalone and consolidated financial results of the company for the Quarter and year ended 31st March 2025
MERCANTILE · price
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Mercantile Ventures posted strong FY25 results on both standalone and consolidated basis. Standalone total income rose to Rs. 3,888.26 lakhs from Rs. 3,333.12 lakhs, with income from operations growing about 22.5% to Rs. 3,656.07 lakhs. Standalone net profit jumped sharply to Rs. 689.16 lakhs from Rs. 91.26 lakhs. On a consolidated basis, total income grew to Rs. 8,505.52 lakhs and the company swung to a net profit of Rs. 1,731.62 lakhs from a loss of Rs. 426.24 lakhs last year. Standalone audit opinion is unmodified, but the consolidated audit carries a qualified opinion relating to Rs. 22 crores of unvalued cumulative preference shares held by subsidiary Walery Security Management, along with emphasis-of-matter notes on the proposed merger with i3 Security Private Limited and an unutilized revenue authority balance. Operating cash flow turned negative both standalone (Rs. -783.68 lakhs) and consolidated (Rs. -3,280.62 lakhs), largely due to working capital changes and investment adjustments.
Strong top-line growth and a sharp rebound in profitability are positives for shareholders, but the qualified opinion on consolidated results and the swing to negative operating cash flow are watchpoints. The proposed merger with i3 Security Private Limited could materially reshape the group structure.