Audited Standalone Financial Results for the Quarter and Year ended 31st March, ,2025
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Mercury Trade Links Limited reported audited standalone results for FY25 with revenue from operations of ₹11,276.27 lakhs, up sharply from ₹1,383.04 lakhs in FY24. Profit after tax for the year rose to ₹165.61 lakhs from ₹113.75 lakhs, but the fourth quarter alone slipped into a loss of ₹39.15 lakhs versus a profit of ₹58.29 lakhs in Q4 FY24. The auditor flagged an Emphasis of Matter noting the company has no business plan and does not intend to undertake business activity in the near future, and therefore the financials have been drawn up on a non-going concern basis with assets stated at realisable value. Operating cash flow was deeply negative at -₹5,851.63 lakhs, largely due to a ₹3,269 lakh build-up in inventory and a ₹5,118 lakh rise in trade receivables. The company funded this through a rights issue and equity infusion totalling ₹4,844.81 lakhs.
This is a serious red flag for shareholders — despite higher reported revenue and profit, the auditor has confirmed the company is operating on a non-going concern basis with no plans for future business activity. Investors should view the stock with extreme caution as the company may be winding down or dormant, and the headline revenue jump appears driven by one-off trading activity rather than a sustainable business.