Financial Result for the Quarter and year ended 31st March,2025
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Mercury Trade Links Ltd filed audited financial results for Q4 and full year ended March 31, 2025. Total income jumped sharply to Rs 11,481.33 lakhs in FY25 from Rs 1,383.04 lakhs in FY24, with revenue from operations at Rs 11,276.27 lakhs. Full-year profit after tax rose to Rs 165.61 lakhs from Rs 113.75 lakhs, though Q4 standalone PAT was a loss of Rs 39.15 lakhs. The auditor flagged an Emphasis of Matter stating the company has no business plan and no intention to undertake business activity in the near future, so accounts were prepared on a non-going concern basis. Despite the headline profit, operating cash flow was deeply negative at Rs -5,851.63 lakhs, with the company raising Rs 3,755.81 lakhs through a rights issue to fund working capital.
This is a serious red flag — the auditor explicitly states the company is no longer treated as a going concern and has no near-term business plans, despite strong reported revenue and profit growth. The deeply negative operating cash flow and dependence on fresh equity (rights issue) rather than internal cash generation pose significant risks for shareholders and raise concerns about the sustainability of the business.