Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 30, 2025
MERCANTILE · price
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Mercantile Ventures Ltd reported its Q1 FY26 (quarter ended June 30, 2025) standalone and consolidated results, approved at the August 4, 2025 board meeting. On a standalone basis, total income fell to about ₹1,021 lakhs from ₹1,148 lakhs a year ago, with profit after tax of ₹29.57 lakhs versus ₹39.51 lakhs. Consolidated revenue slipped to roughly ₹2,121 lakhs from ₹2,499 lakhs, and the company swung to a consolidated loss of around ₹87 lakhs (EPS of negative ₹0.08) compared with a profit of ₹563 lakhs in the same quarter last year. The auditor flagged an emphasis of matter related to subsidiary Walery Security Management's ₹22 crore redeemable preference shares (unpaid dividends since FY20) where fair value could not be independently verified. The board also appointed a new secretarial auditor (KRA & Associates, 5-year term) and internal auditor, with the 24th AGM scheduled for September 25, 2025.
Standalone earnings held up modestly, but the consolidated swing into a loss and the auditor's emphasis of matter on a ₹22 crore subsidiary investment raise concerns about the quality of group earnings and may weigh on investor sentiment in the near term.