PERVASIVE COMMODITIES LIMITED

Financial Results Overview

Quarter Ended 30th September 2026:

  • Revenue from Operations: ₹163.65 lakhs
  • Other Income: ₹0.24 lakhs
  • Total Income: ₹163.89 lakhs
  • Total Expenses: ₹161.33 lakhs
  • Profit Before Tax: ₹2.57 lakhs
  • Tax Expense: ₹0.66 lakhs
  • Net Profit After Tax: ₹1.90 lakhs
  • Basic EPS from Continuing Operations: ₹0.00
  • Diluted EPS from Continuing Operations: ₹0.00

Half Year Ended 30th September 2026:

  • Revenue from Operations: ₹212.95 lakhs
  • Other Income: ₹7.91 lakhs
  • Total Income: ₹220.86 lakhs
  • Total Expenses: ₹216.81 lakhs
  • Profit Before Tax: ₹4.06 lakhs
  • Tax Expense: ₹1.05 lakhs
  • Net Profit After Tax: ₹3.00 lakhs
  • Basic EPS from Continuing Operations: ₹0.00
  • Diluted EPS from Continuing Operations: ₹0.00

Comparative Figures (Quarter Ended 30th September 2025):

  • Revenue from Operations: ₹40.01 lakhs
  • Other Income: ₹16.24 lakhs
  • Total Income: ₹56.25 lakhs
  • Total Expenses: ₹1,624.87 lakhs
  • Loss Before Tax: ₹(1,568.62) lakhs
  • Tax Benefit: ₹(3.46) lakhs
  • Net Loss After Tax: ₹(1,565.16) lakhs
  • Basic EPS from Continuing Operations: ₹(164.37)
  • Diluted EPS from Continuing Operations: ₹(1.74)

Capital Structure

  • Paid-up Equity Share Capital: ₹9,009.52 lakhs (unchanged from previous periods)
  • Face Value per Equity Share: ₹1.00
  • Reserve excluding revaluation reserves: ₹(9.92) lakhs as at 30th September 2026 (compared to ₹(13.98) lakhs as at 31st March 2026)

Balance Sheet Highlights (as at 30th September 2026)

Assets:

  • Total Assets: ₹9,044.35 lakhs
  • Non-Current Assets: ₹324.63 lakhs (including Investments: ₹315.00 lakhs, Property Plant & Equipment: ₹0.28 lakhs, Other non-current assets: ₹9.35 lakhs)
  • Current Assets: ₹8,719.72 lakhs (including Inventories: ₹4,289.96 lakhs, Trade receivables: ₹2,329.71 lakhs, Cash and cash equivalents: ₹3.79 lakhs, Loans: ₹1,977.63 lakhs, Other current assets: ₹118.63 lakhs)

Liabilities and Equity:

  • Total Equity: ₹8,999.60 lakhs
  • Non-Current Liabilities: ₹33.34 lakhs (Borrowings)
  • Current Liabilities: ₹11.40 lakhs (Current Tax Liabilities)

Cash Flow Statement

For Period Ended 30th September 2026:

  • Net Cash from Operating Activities: ₹315.93 lakhs
  • Net Cash Used in Investing Activities: ₹(315.00) lakhs (Non-Current Investment)
  • Net Cash from Financing Activities: ₹1.30 lakhs (Long Term Borrowing)
  • Net Increase in Cash and Cash Equivalents: ₹2.23 lakhs
  • Cash and Cash Equivalents - Opening Balance: ₹1.56 lakhs
  • Cash and Cash Equivalents - Closing Balance: ₹3.79 lakhs

Auditor's Qualifications and Notes

1. Inventory Concerns: The company holds gold bars in inventory valued at ₹4,289.96 lakhs with no movement during the reporting period. The inventory is kept in lockers but has no insurance coverage against loss, theft, or damage.

2. Statutory Dues Irregularity: The company has been generally irregular in depositing statutory dues with appropriate authorities within prescribed due dates.

3. Loan Recoverability Issues: The company provided loans and advances aggregating ₹1,967.42 lakhs to various parties. External balance confirmations and supporting reconciliations were not received, making it impossible to determine completeness and recoverability.

4. Warrant Conversion: During FY 2025-26, warrants were converted into equity shares effective 20th May 2025, increasing the equity share capital. Basic EPS has been calculated after giving effect to this conversion.

5. Segment Reporting: The company operates in a single segment of Agricultural Product Trading, making separate segment disclosure not applicable.

6. Other Income: Includes interest income pertaining to FY 2025-26 received in April 2026.