Adarsh Mercantile Q2 Results FY27: Profit Moves Against Revenue, Revenue Rs 34.78 Cr, PAT Rs 5.86 Cr

Adarsh Mercantile Ltd (SMTEL) Q2 Results FY27 announced on 13 November 2026, covering the company's financial performance for the July to September quarter. The consolidated results report revenue of Rs 34.78 Cr and a PAT of Rs 5.86 Cr, which investors can now compare with the same quarter last year. Adarsh Mercantile Q2 Results FY27 also give Univest readers a clear results date to anchor that comparison.

This results analysis of Adarsh Mercantile Q2 Results covers the financial highlights, business drivers, outlook and risks. Revenue, Operating Profit and net profit are each compared with the same quarter a year earlier, starting with the table of reported figures below.

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Adarsh Mercantile Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 34.78 Cr	Rs 34.13 Cr	+1.9% YoY
Operating Profit	Rs 10.43 Cr	Rs 9.62 Cr	+8.42% YoY
Net Profit (PAT)	Rs 5.86 Cr	Rs 6.35 Cr	-7.72% YoY

Source: company filing for Adarsh Mercantile Q2 Results FY27, 13 November 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from Adarsh Mercantile Q2 Results: What Stands Out

• Consolidated revenue Rs 34.78 Cr: revenue rose 1.9% YoY from Rs 34.13 Cr in the same quarter of the previous year.
• Net profit Rs 5.86 Cr: net profit moved down 7.72% YoY from Rs 6.35 Cr, which shows YoY growth in revenue did not carry to the bottom line.
• Operating Profit Rs 10.43 Cr: this line rose 8.42% YoY from Rs 9.62 Cr, so it moved opposite to net profit.
• Net profit margin 16.8%: the margin narrowed from 18.6% in the comparison quarter, a point covered under risks.
• Next step: the Adarsh Mercantile Q2 Results FY27 performance analysis below compares these lines in more detail.

Adarsh Mercantile Q2 Results FY27: Performance Analysis

The Adarsh Mercantile Q2 Results show consolidated revenue of Rs 34.78 Cr and net profit of Rs 5.86 Cr for the July to September 2026 quarter, reported on the 13 November 2026 results date. Revenue grew 1.9% YoY while net profit fell 7.72% YoY, and Operating Profit rose to Rs 10.43 Cr.

In Adarsh Mercantile Q2 Results FY27, the revenue base moved from Rs 34.13 Cr to Rs 34.78 Cr, and net profit moved from Rs 6.35 Cr to Rs 5.86 Cr. The Operating Profit line went up from Rs 9.62 Cr to Rs 10.43 Cr, so revenue and Operating Profit carry one YoY direction and net profit carries the other.

Later quarterly results will show whether the YoY growth seen in revenue continues and whether net profit recovers its level. The figures confirm what changed but do not establish a specific cause, which is where the results analysis turns to the business factors.

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Key Business Factors This Quarter

Revenue Growth – The results analysis in Adarsh Mercantile Q2 Results FY27 starts with revenue, which grew 1.9% YoY to Rs 34.78 Cr in the latest quarter, the first disclosed factor behind these quarterly results.

Return on Equity – Return on equity was 25.17% in FY26, which means the company earned a strong return on shareholder funds in that year, a fact that sits alongside the latest quarter's figures.

Return on Capital Employed – Return on capital employed was 25.49% in FY26, so returns on the capital employed in the business were also high in the last full year reported.

FY27 Outlook After Adarsh Mercantile Q2 Results

Full-year FY27 results for Adarsh Mercantile will depend on the quarters still to be reported and on disclosed sector conditions. This results analysis therefore treats the July to September quarter as one data point, with revenue of Rs 34.78 Cr and net profit of Rs 5.86 Cr, rather than a forecast.

Adarsh Mercantile Q2 Results FY27 give investors a base for comparing the next quarter, because quarterly net profit has moved in a range of Rs 2.32 Cr to Rs 12.06 Cr over the last 5 quarters. Watching whether net profit of Rs 5.86 Cr holds in later quarters is the natural next check, and that is where the key risks begin.

Key Risks to Watch After Adarsh Mercantile Q2 Results FY27

Fall in Net Profit

Net profit fell 7.7% year on year to Rs 5.86 Cr, which means YoY growth in revenue of 1.9% did not reach the bottom line in this quarter.

Narrower Net Margin

Net profit margin narrowed to 16.8% from 18.6% in the comparison quarter. Adarsh Mercantile Q2 Results FY27 show higher revenue, but this margin comparison shows a smaller share of revenue reaching net profit.

High Debt Level

Debt was high at 0.67 times total assets in FY26. Investors can track this ratio alongside quarterly results to judge how the balance sheet sits next to returns on equity and capital employed.

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Conclusion

Adarsh Mercantile Q2 Results FY27 record consolidated revenue of Rs 34.78 Cr and net profit of Rs 5.86 Cr. Operating Profit stood at Rs 10.43 Cr, so the quarterly results declared on the 13 November 2026 results date show higher revenue and Operating Profit alongside lower net profit. Readers can follow Adarsh Mercantile Q2 Results updates on the Univest app and the Univest Screener, using the consolidated results as the reference. Investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Adarsh Mercantile Q2 Results FY27

What are Adarsh Mercantile Q2 Results FY27?

Ans. Adarsh Mercantile Q2 Results FY27 are the consolidated results for July to September 2026, showing revenue of Rs 34.78 Cr and net profit of Rs 5.86 Cr, as laid out in the Financial Highlights section.

What is the results date for Adarsh Mercantile Q2 Results FY27?

Ans. The results date for Adarsh Mercantile Q2 Results FY27 is 13 November 2026, which means the quarterly results were declared after the July to September period closed, as the opening section explains.

What revenue was reported in Adarsh Mercantile Q2 Results FY27?

Ans. Adarsh Mercantile reported revenue of Rs 34.78 Cr in Q2 FY27, compared with Rs 34.13 Cr a year earlier, so the Financial Highlights table shows the full comparison.

What net profit was reported in Adarsh Mercantile Q2 Results FY27?

Ans. Adarsh Mercantile reported net profit of Rs 5.86 Cr in Q2 FY27 against Rs 6.35 Cr a year earlier, which means net profit fell 7.72% YoY, as the performance analysis shows.

How much YoY growth did revenue show in Adarsh Mercantile Q2 Results FY27?

Ans. Revenue showed YoY growth of 1.9% for Adarsh Mercantile in Q2 FY27, while net profit declined 7.72% YoY, so both movements are compared in the key takeaways section.

Did net profit rise or fall in Adarsh Mercantile Q2 Results?

Ans. Adarsh Mercantile Q2 Results show net profit falling from Rs 6.35 Cr to Rs 5.86 Cr, a decrease of 7.72% YoY, which the performance analysis covers in more detail.

What was the Operating Profit in Adarsh Mercantile Q2 Results FY27?

Ans. Operating Profit in Q2 FY27 was Rs 10.43 Cr against Rs 9.62 Cr a year earlier, a rise of 8.42% YoY, so this line moved up while net profit moved down.

Are Adarsh Mercantile Q2 Results consolidated results or standalone results?

Ans. Adarsh Mercantile Q2 Results are reported on a consolidated basis, so the figures reflect the group level consolidated results, as the Quick Answer box states.

What business factors shaped Adarsh Mercantile Q2 Results FY27?

Ans. Revenue growth of 1.9% YoY, return on equity of 25.17% and return on capital employed of 25.49% in FY26 are the disclosed factors, as the Key Business Factors section explains.

What are the key risks after Adarsh Mercantile Q2 Results FY27?

Ans. The disclosed risks are the 7.7% fall in net profit, a margin of 16.8% against 18.6%, and debt at 0.67 times total assets in FY26, so the risks section covers each.

What is the outlook after Adarsh Mercantile Q2 Results?

Ans. Adarsh Mercantile Q2 Results are one quarter in the FY27 year, so the full-year outlook depends on later quarters, as the Outlook section explains in this results analysis.

Where can I find the complete Adarsh Mercantile Q2 Results FY27 data?

Ans. The complete figures are in the Financial Highlights table above, while the Univest Screener lets investors follow Adarsh Mercantile Q2 Results FY27 and later quarterly results from one place.