Sarvamangal Mercantile Co. Q1 Results Reported Losses Amid Declining Income

Sarvamangal Mercantile Co. Q1 Results

Sarvamangal Mercantile Co. Q1 Results: Sarvamangal Mercantile Company recently released its financial results for the quarter ending on June 30, 2024. The company did not earn any revenue from its operations during this period. However, it did generate some income, totaling ₹3.99 lakhs from other sources, which is a decrease from ₹132.66 lakhs for the entire previous year. The total income for the quarter was also very low at ₹3.99 lakhs.

Sarvamangal Mercantile's expenses, total reached ₹15.13 lakhs. This is higher than the previous quarter's expenses of ₹40.63 lakhs. Key expenses included ₹5.08 lakhs for employee benefits and ₹8.64 lakhs for finance costs. Due to these high expenses and low income, the company reported a loss before tax of ₹11.14 lakhs for the quarter. After accounting for taxes, the total loss for the period was ₹11.14 lakhs.

Sarvamangal Mercantile’s other comprehensive income showed a significant loss of ₹30.88 lakhs due to changes in the fair value of investments. The total comprehensive loss for the quarter was ₹42.02 lakhs. The company's paid-up equity share capital remained stable at ₹24.90 lakhs, with basic and diluted earnings per share both showing a loss of ₹4.47.

Here's a simplified version of the financial results for Sarvamangal Mercantile Company for the quarter ended June 30, 2024:

(Rs. In Lakhs)

Source: Here 

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Sarvamangal Mercantile Stock Performance

Sarvamangal Mercantile table presents important financial information. The current price of the stock is ₹50.0, which indicates what investors pay for a share. The book value is ₹3,637, representing the company's net asset value per share. The dividend yield is 0.00%, meaning the company does not pay dividends to shareholders at this time. Return on Capital Employed (ROCE) is 1.14%, showing how well the company uses its capital to generate profits. 

Here’s a summary of the provided financial data in a table format:

Quarterly Results 

Sarvamangal Mercantile table shows the company's financial performance over three quarters: December 2023, March 2024, and June 2024. In these quarters, the sales remained at zero, meaning the company did not generate any revenue. Expenses varied, with the highest being in March 2024 at Rs. 0.33 crores. Operating profit, which indicates the profit from the company's core business activities, was negative in all three quarters, showing losses. The net profit also remained negative, indicating the company faced financial difficulties. 

Here’s the table for the quarterly results of Dec 2023, Mar 2024, and Jun 2024 with particulars:

(₹ in crores)

About Sarvamangal Mercantile 

Sarvamangal Mercantile Company is a business that started in 1983. The company mainly focuses on trading and investing in securities, which means they buy and sell financial assets like stocks and bonds. Sarvamangal Mercantile offers various products and services related to trading and investments. They aim to provide their clients with good opportunities to grow their money.

With years of experience in the market, the company is dedicated to helping individuals and businesses achieve their financial goals. Their trading and investment expertise helps them better serve their clients in the financial world.