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Patron Exim Ltd's Board, at its meeting on November 12, 2025, approved the standalone unaudited financial results for the half year ended September 30, 2025, along with the auditor's limited review report. Revenue from operations came in at Rs. 23.72 crores, entirely from agro commodity trading, while net profit was a thin Rs. 1.49 lakhs — a swing from a loss of Rs. 27.87 lakhs in H1 FY25. The auditor issued a clean review conclusion but flagged an Emphasis of Matter noting that the prior year (FY25) audit carried a Qualified Opinion whose impact persists on opening balances. Operating cash flow was sharply negative at minus Rs. 183.22 lakhs, and short-term loans and advances nearly doubled to Rs. 28.44 crores from Rs. 16.61 crores as of March 2025.
The razor-thin profit margin (~0.06%) combined with deeply negative operating cash flow and the auditor's reference to a prior-year qualified opinion is a red flag for shareholders. Sharp growth in short-term loans and advances (Rs. 28.44 cr) and large advances to suppliers (Rs. 5.58 cr) need to be watched closely.