Varun Mercantile Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. The company reported a net profit of ₹12.47 lakh for the financial year 2025-26, a decrease from ₹13.00 lakh in the previous year. For the quarter ended March 31, 2026, the net profit stood at ₹2.61 lakh.

Financial Performance

The company's total income for the year ended March 31, 2026, was ₹37.85 lakh, compared to ₹37.86 lakh in the prior year. Revenue from operations remained nil for both the quarter and the year under review. Other income, which constituted the entirety of the total income, was ₹9.44 lakh for the quarter and ₹37.85 lakh for the full year.

Total expenses for the year increased to ₹15.84 lakh from ₹15.29 lakh in the previous year. This included employee benefit expenses of ₹10.35 lakh and other expenses such as listing fees and audit fees. Profit before tax for the year was ₹22.01 lakh, slightly lower than the ₹22.57 lakh recorded in FY25.

Dividend and Auditor Report

The Board of Directors did not recommend any dividend for the financial year ended March 31, 2026. The statutory auditors, N. J. Karia & Associates, issued an audit report with an unmodified opinion on the audited financial results. The meeting commenced at 04:45 p.m. and concluded at 05:10 p.m. on May 21, 2026.

Varun Mercantile Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with quarterly profit declining while maintaining relatively stable income levels. The company submitted these results to BSE Limited on February 10, 2026, in compliance with Regulation 33 of SEBI Listing Regulations.

Quarterly Financial Performance

The company's financial performance for Q3 FY26 showed a decline compared to the same period last year. Key metrics demonstrate the company's current operational status and profitability trends.

The company reported total income of ₹9.05 lakh for Q3 FY26, down from ₹9.72 lakh in the corresponding quarter of the previous year. Notably, the company continues to have zero revenue from operations, with all income classified as "other income." Total expenses remained relatively stable at ₹3.53 lakh compared to ₹3.52 lakh in Q3 FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Varun Mercantile Limited demonstrated more resilient performance compared to quarterly results, though still showing a marginal decline in profitability.

The nine-month results show total income of ₹28.41 lakh, marginally higher than ₹28.23 lakh in the previous year. However, increased expenses of ₹11.39 lakh compared to ₹11.04 lakh resulted in a slight decline in net profit to ₹9.86 lakh from ₹10.08 lakh.

Expense Structure and Tax Position

The company's expense structure remained consistent with previous periods, with employee benefit expenses constituting the largest component at ₹2.38 lakh for Q3 FY26. Other significant expenses included listing fees of ₹0.96 lakh and miscellaneous expenses.

The company paid current tax of ₹2.28 lakh for Q3 FY26 compared to ₹2.45 lakh in the corresponding previous quarter. For the nine-month period, current tax stood at ₹7.16 lakh, nearly matching the previous year's ₹7.18 lakh.

Corporate Governance and Compliance

The financial results were approved by the Board of Directors at their meeting held on February 10, 2026, which commenced at 3:30 PM and concluded at 3:55 PM. The Audit Committee reviewed the results prior to board approval, and the company's statutory auditors, N.J. Karia & Associates, conducted a limited review of the financial statements.

The company maintains a paid-up equity share capital of ₹199.20 lakh, consisting of equity shares of ₹10 each. Other equity reserves stood at ₹339.95 lakh as per the previous year's balance sheet. The company continues to operate as a single segment entity with no reportable segments under Indian Accounting Standard 108. The results were digitally signed by Company Secretary Piyush Oza and submitted to BSE Limited in accordance with regulatory requirements.