MERCANTILE · price
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Mercantile Ventures' board, which met on 27th October 2025, approved the unaudited standalone and consolidated financial results for Q2 and H1 FY26 (quarter ended 30th September 2025). On a standalone basis, total income rose to Rs. 1,122.80 lakhs from Rs. 903.83 lakhs in Q2 FY25, but the company still posted a small net loss of Rs. 18.96 lakhs (improved from Rs. 9.22 lakh loss a year ago). On a consolidated basis, the company swung to a net profit of Rs. 140.64 lakhs versus a loss of Rs. 70.35 lakhs in Q2 FY25, helped by the Security Services and Manpower Services segments. Separately, the board appointed Mr. N Umasankar (DIN: 07975664) as Additional Director designated as Whole-time Director (Finance) & CFO for a two-year term ending 26th October 2027. He is a finance professional with 32 years' experience, including prior roles at SDB CISCO and IIIT Chennai.
The CFO/Whole-time Director (Finance) appointment fills a key leadership role, giving shareholders a clear finance head. Q2 shows improving top-line and a return to consolidated profitability, though the standalone entity remains marginally loss-making and the auditor flagged a qualification at the Walery Security Management subsidiary over unvalued Rs. 22 crore preference shares – worth monitoring for governance.