ENCLOSED UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31ST 2025.
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Sonal Mercantile Ltd, an NBFC registered with the RBI, submitted its unaudited financial results for Q3 FY26 and the nine months ended December 31, 2025. The company posted a loss after tax on a standalone basis for the period, while consolidated results showed a profit of approximately Rs. 235.77 lacs, largely driven by its associate company, Rudraveerya Developers Limited, which contributed around Rs. 1,271.96 lacs in net profit during the nine-month period. Statutory auditors Ajay Rattan & Co. issued a clean (unqualified) limited review report on both standalone and consolidated results. The company also noted that the new Labour Codes effective November 2025 are not expected to have a material impact.
The standalone business is loss-making, which is a concern for core operations, but consolidated profitability is being supported by the associate company's contribution. Shareholders should watch whether the standalone loss narrows in coming quarters, as reliance on associate income may not be sustainable.