Avon Mercantile Board to Review Q2 FY27 Results November 13

Avon Mercantile Limited will consider its unaudited results for the quarter ended September 30, 2026, at a board meeting on November 13, 2026, following a June-quarter net profit of ₹0.26 crore, up 44.4% year on year.

What will Avon Mercantile consider at its November 13 board meeting?

Avon Mercantile Limited, referred to hereafter as Avon Mercantile, has scheduled a board meeting at 2:00 PM IST on Friday, November 13, 2026. The principal agenda is to consider and approve unaudited financial results for the quarter ended September 30, 2026, which is the second quarter of FY27.

The meeting is also expected to consider the appointment of Ms. Pooja Chugh as an Additional Independent Director. The board will take note of the resignation of Ms. Himani Aneja as Independent Director, effective on the same date. The company has disclosed the meeting under Regulations 29 and 47 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

No financial figures for the September 2026 quarter had been disclosed in the material provided before the meeting. Therefore, the board's approval is the event that will make the Q2 FY27 revenue, expenses and profit numbers available to investors.

What did Avon Mercantile report in the June 2026 quarter?

Avon Mercantile reported sales of ₹1.20 crore and net profit of ₹0.26 crore for the quarter ended June 2026. Sales were 1.7% higher than ₹1.18 crore in the corresponding quarter a year earlier, while net profit rose 44.4% year on year.

The June-quarter result is the latest reported quarterly reference point before the September-quarter board meeting. The profit increase was faster than sales growth on the reported comparison, although the supplied information does not provide a full expense breakdown for that quarter.

Avon Mercantile operates as an India-based non-banking financial company. Its stated business includes investments, inter-corporate deposits and short-term loans and advances to group companies. As a result, income and profitability can be closely linked to its lending and investment activity.

How did Avon Mercantile perform in FY26?

Avon Mercantile returned to profitability in FY26, reporting net profit of ₹0.9162 crore for the year ended March 31, 2026, compared with a net loss of ₹0.0141 crore in FY25. Total income increased to ₹4.8562 crore from ₹2.5695 crore in the prior year.

Revenue from operations, primarily comprising interest income, rose to ₹4.8421 crore in FY26 from ₹2.5522 crore in FY25. The reported figures indicate that higher interest income was a major contributor to the improvement in the company's annual financial performance. The company also reported that finance costs doubled, showing that funding costs remained a relevant factor during the year.

For the March 2026 quarter, the company reported net profit of ₹0.2647 crore against a loss of ₹0.0095 crore in the corresponding quarter a year earlier. Revenue from operations for that quarter was ₹1.2384 crore, compared with ₹1.0286 crore a year earlier, while total expenses were ₹0.9878 crore.

The FY26 audited financial results were approved by the board on May 20, 2026. Avon Mercantile subsequently held its 41st annual general meeting through video conferencing, where FY26 audited financials were adopted and director Gurvinder Pal Singh was re-appointed.

Why do the September-quarter results and board changes matter?

The September-quarter results will show whether the company has sustained the profitability improvement seen in FY26 and the June 2026 quarter. For an NBFC involved in investments and short-term lending, investors may focus on income growth, finance costs and the movement in quarterly net profit when the unaudited results are released.

The board agenda also combines financial reporting with an independent-director transition. The proposed appointment of Pooja Chugh and the noting of Himani Aneja's resignation are governance matters that will be formally considered alongside the financial statements. The available disclosure does not provide further details on the reasons for the resignation or the proposed appointment.

No current market price or market-capitalisation figure was provided, apart from the company being identified as a micro-cap. No share-price movement linked to the scheduled board meeting was disclosed in the supplied information. Investors will therefore need to assess the market response after the approved results and board decisions are made public.

What should investors look for after the board meeting?

Investors will be able to compare September-quarter revenue and profit with the June-quarter sales of ₹1.20 crore and net profit of ₹0.26 crore once the board approves the results. The comparison will also help establish whether the FY26 improvement, when net profit reached ₹0.9162 crore, is continuing into FY27.

The disclosure following the meeting should also clarify the formal status of the independent-director appointment and resignation. Until the company publishes its approved September-quarter figures, there is no confirmed financial outcome for Q2 FY27.

Conclusion

Avon Mercantile's November 13 board meeting is important because it will release the company's first confirmed financial update for the September 2026 quarter and address two independent-director matters. Its latest available figures show a June-quarter net profit of ₹0.26 crore and an FY26 return to profitability, supported by higher interest income.

The key item to watch next is the board-approved unaudited Q2 FY27 result for the quarter ended September 30, 2026. Investors can then evaluate sales, profitability and any disclosures on the appointment of Pooja Chugh and the resignation of Himani Aneja against the company's latest reported performance.