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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mrugesh Trading Ltd reported a sharp sequential jump in Q3 FY26 standalone revenue to Rs. 384.45 lakhs from Rs. 98.25 lakhs in Q2 FY26, with net profit of Rs. 26.13 lakhs reversing the previous quarter's loss. Despite the strong Q3, nine-month FY26 revenue fell sharply to Rs. 482.70 lakhs (vs Rs. 1,246.44 lakhs in 9M FY25) and net profit dropped to Rs. 18.27 lakhs from Rs. 65.15 lakhs a year ago. The company also disclosed that it raised Rs. 72 crore on 4 November 2025 via a preferential issue of convertible warrants, earmarked for business growth and working capital, with the original object scaled down from Rs. 90 crore to Rs. 72 crore to align with actual funds raised. No deviation or variation in the use of funds was reported; about Rs. 37 crore has been utilised so far, including Rs. 35 crore temporarily parked in fixed deposits pending deployment.
Mixed bag for shareholders — Q3 rebound is encouraging but the sharp decline in nine-month revenue and profit raises concerns about the core trading business. Substantial unutilised warrant funds now sitting in fixed deposits mean stock-specific action depends on timely deployment for growth, otherwise this could dilute earnings or remain idle capital.