Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we are enclosing the Statement of unaudited Financial Results ....
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Varun Mercantile Ltd reported no revenue from operations for Q2 and H1 FY26, with all income coming from other sources (likely interest) at Rs 9.62 lakh for the quarter and Rs 19.37 lakh for the half year. Profit after tax stood at Rs 2.52 lakh in Q2 and Rs 6.63 lakh in H1, marginally higher than the prior year. Basic EPS was Rs 0.13 for the quarter and Rs 0.33 for the half year. The company holds Rs 525.42 lakh in cash and bank balances with virtually no liabilities (only Rs 4.52 lakh in current liabilities). The statutory auditors (N.J. Karia & Associates) issued a clean limited review report with no qualifications or emphasis of matter.
The company continues to earn minimal income from investments rather than active business operations, and is consistently burning cash on operations (Rs 13.81 lakh used in H1). With no operational revenue, the stock is essentially a cash-shell entity — limited fundamental driver for the share price beyond its treasury value of roughly Rs 26-27 per share.