Synopsis:
Vivid Mercantile jumped sharply after delivering a staggering 316 percent revenue growth, followed by a 265 percent net profit growth in Q2 FY26 on a year-on-year basis.
The shares of this real estate developer with a significant presence in Ahmedabad are in focus after it reported a stellar Q2 performance. In this article, we will dive more into the details of its performance over the period.
With a market capitalization of Rs 58.2 crore, the shares of Vivid Mercantile Ltd made a day high of Rs 6.25 per share, up by 13 percent from its previous day closing price of Rs 5.51 per share. Over the past five years, the stock has delivered a positive return of 90 percent, underperforming the NIFTY 50’s return of 114 percent.
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Q2 Highlights
Vivid Mercantile reported a revenue of Rs 1.37 crore in Q2 FY26, up by 316 percent from its Q2 FY25 revenue of only Rs 0.33 crore. However, on a quarterly basis, it declined by 19 percent from Rs 1.69 crore in Q1 FY26.
Coming to its profitability, the company reported a net profit growth of 265 percent to Rs 91.24 lakh as compared to Rs 25 lakh. However, on a quarterly basis, it declined by 25 percent from Rs 1.21 crore in Q1 FY26.
Vivid Mercantile Limited was established in 1994 and is located in Ahmedabad. It is a diversified firm that derives one-third of its business from the real estate sector, and the other two-thirds from trading and printing.
The company is in the business of land and residential real estate development and sales, along with undertaking infrastructure projects and buying development rights for different real estate ventures.
Besides property, Vivid Mercantile is also a general trader that buys and sells pulses, garments, and metals, and provides printing services like multi-colour and single-colour offset printing of brochures, posters, catalogs, and annual reports. Moreover, the company is also in the gold, diamond, and jewellery sectors.
Written by Satyajeet Mukherjee
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