Enclosed Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended September 30, 2025 of the company.
SONAL · price
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Sonal Mercantile Ltd, an RBI-registered NBFC, reported Q2 FY26 standalone interest income of Rs. 978.73 lakhs (vs Rs. 907.07 lakhs in Q2 FY25, ~8% growth) and H1 FY26 income of Rs. 1,913.19 lakhs (vs Rs. 1,850.24 lakhs, ~3% growth). Standalone profit after tax fell to Rs. 230.72 lakhs in Q2 (vs Rs. 265.31 lakhs) and Rs. 459.81 lakhs for H1 (vs Rs. 534.03 lakhs), as finance costs rose ~10% to Rs. 1,236.35 lakhs. Net profit margin compressed from 29% to 24%. On a consolidated basis (including associate Rudraveerya Developers), H1 PAT was Rs. 1,606.63 lakhs with EPS of Rs. 12.18. Borrowings rose to Rs. 29,382 lakhs and standalone operating cash flow turned sharply negative at Rs. (3,412.80) lakhs for H1.
Standalone earnings are weakening despite modest revenue growth, with rising finance costs squeezing margins and a stretched debt-to-equity of 4.24x. Negative operating cash flow and high leverage are key concerns, though consolidated results are supported by strong associate contributions.