CMChandrima Mercantiles540829Quarterly results

Q2 and H1 results: profit of Rs. 32.52 lakh, auditor's review carries a qualified opinion

Integrated update for the quarter and half year ended 30 September 2026.

By ScoutQuest · Wed 28 Oct 2026, 8:09 PM IST · 2 min read

Q2 Revenue from Operations

Rs. 687.65 lakh

Q2 Profit After Tax

Rs. 32.52 lakh

H1 Revenue from Operations

Rs. 759.00 lakh, against Rs. 6,177.17 lakh in the same half last year

Headline numbers (standalone, unaudited)

Revenue from operations for the September 2026 quarter was Rs. 687.65 lakh, which was also the total income. Total expenses were Rs. 644.19 lakh, giving a profit before tax of Rs. 43.46 lakh and a profit after tax of Rs. 32.52 lakh.

For the half year, revenue from operations was Rs. 759.00 lakh, against Rs. 6,177.17 lakh in the same half of the previous year. Half-year total expenses were Rs. 708.36 lakh, profit before tax Rs. 50.05 lakh and profit after tax Rs. 37.45 lakh. Basic and diluted earnings per share were Rs. 0.01 for both the quarter and the half year.

Balance sheet

Total assets stood at Rs. 11,981.38 lakh as at 30 September 2026, against Rs. 11,911.95 lakh as at 31 March 2026. Non-current borrowings were Rs. 625.69 lakh (31 March 2026: Rs. 575.45 lakh) and deferred tax liabilities Rs. 993.72 lakh. Other equity was Rs. 6,776.91 lakh.

Cash flow for the half year

• Net cash outflow from operating activities: Rs. 55.62 lakh
• Net cash inflow from investing activities: Rs. 5.45 lakh
• Net cash inflow from financing activities: Rs. 50.24 lakh
• Closing cash and cash equivalents: Rs. 1.10 lakh

Auditor's review – the main points to note

The limited review report by M A A K & Associates carries an Emphasis of Matter stating that the closing stock was calculated and certified by management only, and that the basis of calculation was not provided.

A Qualified Opinion is also recorded, with four points

• Balance confirmations or other details for trade receivables, trade payables, loans and advances were not provided, so the balances and the nature of those transactions could not be confirmed
• Supporting purchase and sales invoices were not provided, so the recorded transactions could not be independently confirmed
• Current valuation of investments at the reporting date was not provided, so investments are carried at book value
• Details of advances recoverable were provided by the company, but corresponding balance confirmations were not made available

Other disclosures in the update

• The company operates in a single segment, the Agriculture Commodities segment
• No default in payment of outstanding loans, revolving facilities or unlisted debt securities
• Related party transactions for the half year are remuneration to directors and the company secretary: Rs. 0.25 lakh, Rs. 0.57 lakh, Rs. 0.06 lakh, Rs. 0.43 lakh and Rs. 0.06 lakh

What a retail investor can take away

The company has reported a profit for the quarter and the half year, but revenue for the half year is far below the same half of last year. The auditor's qualified opinion touches basic verifiability questions — balances of receivables and payables, supporting invoices for purchases and sales, and the valuation of investments — which matter for judging the quality of the reported numbers. The update records no payment default on loans or debt securities.

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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