The Board meeting held today i.e. 13.08.2025 has been conducted and approved the unaudited Standalone and Consolidated Financial Results for the quarter ended 30 June, 2025 and other business.
SONAL · price
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Sonal Mercantile Ltd, an RBI-registered NBFC, announced Q1 FY26 (quarter ended 30 June 2025) results alongside its associate Rudraveerya Developers Ltd. Standalone revenue from operations was Rs. 934.46 lakhs, marginally down from Rs. 943.17 lakhs in Q1 FY25. Standalone profit after tax fell to Rs. 229.11 lakhs from Rs. 268.75 lakhs, a drop of around 15%, mainly due to higher finance costs of Rs. 604.57 lakhs (vs Rs. 576.37 lakhs). EPS stood at Rs. 1.49 versus Rs. 1.82 last year. On a consolidated basis, the company booked a share of associate profit of Rs. 2,191.56 lakhs, lifting total comprehensive income to Rs. 1,303.33 lakhs. The board also noted the secretarial audit report for FY25. Statutory auditors Ajay Rattan & Co. issued an unmodified limited review report.
Mixed picture for shareholders - standalone earnings softened due to rising borrowing costs, but the strong contribution from the associate cushioned consolidated profits. The high debt-equity ratio of 5.28x signals significant leverage, which investors should monitor closely.