Integrated Filing (Finance)
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Awaiting price reaction for this filing.
Pervasive Commodities reported a massive Rs 1,565.16 lakh net loss in Q2 FY26 versus a Rs 22.72 lakh profit in Q2 FY25, driven by the complete destruction of its perishable stock-in-trade (valued at Rs 1,646.63 lakhs) which was written off to nil. Revenue from operations collapsed to Rs 40.01 lakhs in Q2 (down ~97% from Rs 1,268.98 lakhs a year ago), with H1 revenue falling ~73% to Rs 405.41 lakhs. The auditor flagged in 'Other Matters' that the company had no insurance for the destroyed stock and that share warrant proceeds have been deployed as long-pending advances to suppliers. Other equity turned negative at Rs -1,564.97 lakhs, and operating cash flow was deeply negative at Rs -3,143.97 lakhs for H1.
This is a deeply negative filing for shareholders — the entire inventory was wiped out without insurance, the company swung from profit to a large loss, and equity is now negative, raising serious going-concern doubts. The stock is likely to face sharp negative sentiment; investors should treat this as a high-risk situation pending clarity on recovery of supplier advances and future business viability.