Pervasive Commodities517172Quarterly results

Board approves unaudited Q2 and H1 FY27 results; net profit of Rs. 1.90 lacs for the quarter

Board meeting held on 4th November, 2026 approved the unaudited financial results for the quarter and half year ended 30th September, 2026.

By ScoutQuest · Wed 4 Nov 2026, 6:13 PM IST · 3 min read

₹3.00 lakh

Q2 FY27₹1.90 lakhH1 FY27₹3.00 lakh

Net profit after tax: ₹1.90 lakh (Q2 FY27) and ₹3.00 lakh (H1 FY27).

Q2 FY27 revenue from operations: Rs. 163.65 lacs vs Rs. 40.01 lacs in Q2 FY26
Q2 net profit: Rs. 1.90 lacs vs a loss of Rs. 1,565.16 lacs a year ago
Loans and advances flagged in review report: Rs. 1,967.42 Lakhs without external confirmation

What the board approved

The board met on 4th November, 2026 and approved the unaudited financial results of the company for the quarter and half year ended 30th September, 2026. Figures are stated in Rs. in lacs. The statutory auditors, V S S B & Associates, carried out a limited review of the results.

Quarter ended 30th September, 2026, compared with a year earlier (Rs. in lacs)

Revenue from operations: 163.65 against 40.01
Other income: 0.24 against 16.24
Total income: 163.89 against 56.25
Total expenses: 161.33 against 1,624.87
Profit before tax: 2.57 against (1,568.62)
Net profit after tax: 1.90 against (1,565.16)

Figures in brackets are losses, as printed.

Half year ended 30th September, 2026 (Rs. in lacs)

Revenue from operations: 212.95 against 405.41
Total income: 220.86 against 450.69
Total expenses: 216.81 against 2,005.99
Net profit after tax: 3.00 against (1,555.30)

Balance sheet as at 30th September, 2026 (Rs. in lacs)

Total assets: 9,044.35 against 10,542.21 as at 31st March, 2026
Inventories: 4,289.96 against 4,289.96
Trade receivables: 2,329.71 against 3,664.19
Cash and cash equivalents: 3.79 against 1.56
Equity share capital: 9,009.52 against 9,009.52
Non-current borrowings: 33.34 against 32.04

Cash flow for the half year (Rs. in lacs)

Net cash from operating activities: 315.93
Net cash used in investing activities: (315.00)
Net cash from financing activities: 1.30
Cash and cash equivalents at close: 3.79

Points recorded in the limited review report

The inventory includes gold bars kept in lockers and showed no movement during the reporting period; a management representation letter and a valuation report for stock as on 31/03/2026 were received. It was observed that no insurance coverage has been obtained for this inventory to mitigate the risk of loss, theft or damage.
The company has generally been irregular in depositing statutory dues with the appropriate authorities within the prescribed due dates.
Loans and advances aggregating Rs. 1,967.42 Lakhs were provided during the year to various parties; external balance confirmations and supporting reconciliations were not received, so the completeness and recoverability of these balances could not be determined.
Following conversion of warrants into equity shares effective 20th May 2025, equity share capital increased; basic earnings per share was calculated after giving effect to that conversion.

Other notes accompanying the results

The company reports a single segment, agricultural product trading, under Ind AS 108.
Gold bars purchased during FY 2025-26 are lying in closing inventory and no sales of gold were made during the period.
Other income includes interest income pertaining to FY 2025-26 that was received in April 2026.
Basic and diluted earnings per share for the quarter are shown as 0.00.

How a retail reader can read this

On the profit and loss side, the quarter shows a shift from a large loss to a small profit, with revenue from operations of Rs. 163.65 lacs against Rs. 40.01 lacs in the same quarter last year; the half year shows net profit of Rs. 3.00 lacs against a loss of Rs. 1,555.30 lacs. Alongside the numbers, the review report records three points a reader may weigh: the gold bar inventory carries no insurance cover, statutory dues have generally been paid after the prescribed dates, and Rs. 1,967.42 Lakhs of loans and advances could not be independently confirmed, so their recoverability was not determined. Inventory of Rs. 4,289.96 lacs stays the largest item on the balance sheet.

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