MRUGESH TRADING Q2 : STANDALONE NET PROFIT UP 64% AT 14.21 L (YOY). WEAK (On 1st Look)

Revenue from operations at ₹1.71 Cr; total revenue from operations ₹2.19 Cr. H1 net profit ₹22.89 L v loss of ₹7.70 L (YOY). Caution: statutory auditor issued qualified conclusion on third-party inventory, bill-to-ship-to sales, ₹15.95 Cr trade advances and ₹2.01 Cr unsecured loans without agreements. Preferential issue proceeds ₹72 Cr; ₹56.22 Cr utilised, ₹18.78 Cr temporarily parked in fixed deposits per Reg 32 statement.

Mrugesh Trading Ltd

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