Mercantile Ventures Ltd Q2FY22 consolidated net profit at Rs. 1.32 crore

The Board of Directors of Mercantile Ventures Ltd, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 11.0343 crore, against ₹11.0865 crore in the corresponding quarter of the previous year (YoY) and ₹9.9764 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹1.3256 crore, against ₹2.0591 crore in the corresponding quarter of the previous year (YoY) and ₹0.9675 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹0.18, against ₹0.22 in the corresponding quarter of the previous year (YoY) and ₹0.13 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 11.0343 crs	₹9.9764 crs	10.60%	₹11.0865 crs	-0.47%
Net Profit	₹1.3256 crs	₹0.9675 crs	37.01%	₹2.0591 crs	-35.62 %
EPS	₹0.18	₹0.13	38.46%	₹0.22	-18.18%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹21.0107 crore, against ₹21.2334 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹2.2931 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹2.9221 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹0.30 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹0.34 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹21.0107 crs	₹21.2334 crs	-1.05%
Net Profit	₹2.2931 crs	₹2.9221 crs	-21.53%
EPS	₹0.30	₹0.34	-11.76%

Shares of Mercantile Ventures Ltd was last trading in BSE at Rs. 15.01 as compared to the previous close of Rs. 15.00. The total number of shares traded during the day was 2935 in over 26 trades.

The stock hit an intraday high of Rs. 15.30 and intraday low of 14.52. The net turnover during the day was Rs. 43837.00.

Source : Equity Bulls

Keywords

MercantileVentures Q2FY22 H1FY22 ResultUpdate