CMChandrima Mercantiles540829Quarterly results

Board approves Q2 results; auditor's limited review carries a qualified opinion

Board met on 28 October 2026 and approved unaudited standalone results for the quarter and half year ended 30 September 2026, along with the Limited Review Report.

By ScoutQuest · Wed 28 Oct 2026, 7:40 PM IST · 2 min read

Revenue from operations (Q2)

Rs. 687.65 lakh for the quarter against Rs. 5,736.47 lakh a year earlier

Profit after tax (Q2)

Rs. 32.52 lakh for the quarter against Rs. 423.11 lakh

Auditor's review opinion

qualified opinion with four qualifications and an emphasis of matter on closing stock

What the board approved

The board of Chandrima Mercantiles Ltd met on Wednesday, 28 October 2026 and approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026, together with the Limited Review Report of the statutory auditors. The company operates in a single segment, the Agriculture Commodities segment.

Revenue from operations

• Quarter ended 30 September 2026: Rs. 687.65 lakh, against Rs. 5,736.47 lakh in the quarter ended 30 September 2025.
• Half year ended 30 September 2026: Rs. 759.00 lakh, against Rs. 6,177.17 lakh in the half year ended 30 September 2025.

Profit

• Profit after tax for the quarter: Rs. 32.52 lakh, against Rs. 423.11 lakh in the same quarter a year earlier.
• Profit after tax for the half year: Rs. 37.45 lakh.
• Basic earnings per share for the quarter: Rs. 0.01.

Auditor's qualified opinion

The limited review report carries a qualified opinion covering four points

• Balance confirmations and other details for trade receivables, trade payables and loans and advances were not provided, so the auditor could not confirm those balances or the nature of the transactions.
• Supporting purchase and sales invoices were not provided, so the auditor could not independently verify the transactions recorded in the books.
• The current valuation of investments as at the reporting date was not provided, so investments are carried at book value and their current value could not be independently ascertained.
• Details of advances recoverable were provided by the company, but corresponding balance confirmations were not made available for verification.

Emphasis of matter

The auditor also drew attention to the closing stock, which was calculated and certified by the management only, with the basis of calculation not provided.

What the review covers

The auditor states that this was a review of interim financial information, not a full audit. A review gives moderate assurance and does not enable the auditor to become aware of all significant matters that an audit would identify, and accordingly no audit opinion is expressed.

How to read this

The update combines two things a retail investor may want to look at separately. One is the earnings statement for the quarter and half year, where revenue from operations and profit after tax are lower than the same periods a year earlier. The other is the auditor's report, where the qualified opinion and the emphasis of matter point to records and confirmations the auditor says were not made available. The figures reported are the company's unaudited numbers, reviewed under the limited review framework.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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