Considered and approved financial results for quarter ended 30.06.25
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Vivid Mercantile Ltd reported its Q1 FY26 standalone unaudited results. Revenue from operations fell sharply to ₹169.24 lakhs, down about 82% from ₹947.90 lakhs in Q1 FY25. Total income dropped to ₹169.24 lakhs from ₹974.44 lakhs. However, profit before tax jumped to ₹139.35 lakhs from ₹50.35 lakhs, and profit after tax surged to ₹121.35 lakhs from ₹40.35 lakhs — roughly a 3x increase year-on-year. The profit jump is largely because total expenses collapsed to ₹29.89 lakhs (from ₹924.09 lakhs), driven by a much smaller stock-in-trade purchase and a favourable change in inventory accounting. EPS stood at ₹0.12 versus ₹0.40 in the year-ago quarter. The auditor (AKGVG & Associates) issued a clean limited review report with no qualifications.
Mixed picture for shareholders: top-line has collapsed sharply, which is a red flag for business momentum, but bottom-line has more than tripled on a very low cost base. The company remains very small with negligible debt and depreciation, so small shifts in inventory and trading volumes heavily swing earnings. Investors should watch whether the revenue weakness is temporary or a sign of shrinking business activity before drawing conclusions on profitability.