Mercantile Ventures Ltd

📊 Mercantile Ventures Sees Revenue Growth and Profit Turnaround in Latest Results

• Total revenue from operations increased to ₹7,218.53 lakhs from ₹6,038.97 lakhs in the prior year

• Profit after tax for the period is ₹1,730.55 lakhs, a significant improvement from a loss of ₹(426.24) lakhs in the previous year

• Mercantile Ventures Limited reported revenue from operations of ₹3,656.07 lakhs for FY 2024-25, up from ₹2,983.03 lakhs in the previous year

• Profit for the year increased to ₹694.15 lakhs from ₹96.95 lakhs in FY 2023-24

• Holds 7.054 acres of immovable property in Chennai for property leasing business expansion

• Diluted EPS for the period is ₹1.55

• Employee benefits expense increased to ₹3,539.96 lakhs from ₹3,000.24 lakhs

• Company's land value increased by ₹479 lakhs, an 8.5% rise over existing carrying value

• Key investments include holdings in Sicagen India Ltd (₹608.94 lakhs), Southern Petrochemical Industries Corporation Ltd (₹690.91 lakhs), and Chitharanjan Developers LLP (₹2,200.45 lakhs)