Unaudited Financial Result for quarter ended 30th September 2025
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Prismx Global Ventures reported a mixed set of numbers for Q2 FY26. Total standalone revenue fell to Rs 553.99 lakhs from Rs 903.76 lakhs in Q2 last year, a drop of around 39%, mainly due to weaker commodity trading (Rs 450.40 lakhs vs Rs 725.75 lakhs) and finance business income (Rs 46.05 lakhs vs Rs 128.84 lakhs). Despite the revenue drop, net profit jumped to Rs 99.26 lakhs from Rs 50.79 lakhs last year, nearly doubling, driven by much lower purchase costs and a favourable inventory adjustment. For H1 FY26, revenue declined about 21% YoY to Rs 1,177.02 lakhs while net profit rose about 47% to Rs 245.69 lakhs. The commodity trading segment turned in a strong Rs 62.30 lakhs profit this quarter versus just Rs 2 lakhs a year ago. Borrowings fell sharply from Rs 800.19 lakhs to Rs 10.06 lakhs, though cash balance dropped to Rs 24.93 lakhs from Rs 883.39 lakhs due to investing and financing outflows.
Profitability has clearly improved despite weaker top-line, which may please income-focused investors, but the steep fall in revenue, sharply lower cash balance, and continued losses in the IT segment raise concerns about business momentum and the sustainability of earnings.