- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹140 Cr2,529th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 27 May 2026
- 0.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- −1.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹30 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 2.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- −1.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 27 May 2026
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 80193.1% delivered
Q1 results, quarter to Jun 2026
Consolidated: the company and its subsidiaries together. ₹ crore.Paul Merchants annual results and balance sheet
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period.
- ₹481 Cr−2.5% on a year ago · −0.3% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax.
- ₹4.45 Cr
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax.
- ₹8.91 Cr−96.9% on a year ago · +288.1% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line.
- ₹28.88−96.9% on a year ago · +288.2% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, on the quarter before wherever the profit of that quarter was restated, and across a change of basis named under the table, on the lines it affects.
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- 0.9%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 1.9%
From revenue to net profit, ₹ crore
- Revenue481
- Materials and goods−457
- Employee costs−11
- Other expenses−8.7
- Operating profit4.5
- Depreciation−1.3
- Other income+10
- Finance costs−0.2
- Profit before tax13
- Tax−4.5
- Joint ventures0.0
- Net profit8.9
Paul Merchants results by quarter
Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends.Results filings and date
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Operating and net margin by quarter, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
| ₹ crore | Sep 2021Q2Filed 15 Nov | Dec 2021Q3Filed 12 Feb | Mar 2022Q4Filed 18 May | Jun 2022Q1Filed 2 Sep | Sep 2022Q2Filed 25 Nov | Dec 2022Q3Filed 13 Feb | Mar 2023Q4Filed 24 May | Jun 2023Q1Filed 11 Aug | Sep 2023Q2Filed 25 Nov | Dec 2023Q3Filed 24 Feb | Mar 2024Q4Filed 22 May | Jun 2024Q1Filed 16 Sep | Sep 2024Q2Filed 14 Nov | Dec 2024Q3Filed 14 Feb | Mar 2025Q4Filed 12 Jun | Jun 2025Q1Filed 14 Sep | Sep 2025Q2Filed 12 Nov | Dec 2025Q3Filed 12 Feb | Mar 2026Q4Filed 27 May | Jun 2026Q1Filed 12 Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,253 | 1,561 | 1,399 | 1,834 | 1,761 | 1,718 | 1,698 | 1,836 | 1,839 | 2,090 | 901 | 1,063 | 1,038 | 809 | 582 | 493 | 593 | 505 | 482 | 481 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 1,237 | 1,543 | 1,382 | 1,813 | 1,742 | 1,695 | 1,679 | 1,809 | 1,810 | 2,058 | 875 | 1,032 | 1,003 | 769 | 585 | 497 | 601 | 508 | 483 | 476 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. | 1,210 | 1,509 | 1,349 | 1,775 | 1,702 | 1,653 | 1,633 | 1,762 | 1,760 | 2,001 | 833 | 991 | 964 | 731 | 568 | 480 | 578 | 488 | 461 | 457 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | 7 | 8 | 9 | 9 | 10 | 11 | 13 | 13 | 14 | 14 | 16 | 16 | 17 | 17 | 6 | 7 | 10 | 10 | 10 | 11 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | 19 | 26 | 24 | 30 | 29 | 31 | 34 | 34 | 36 | 42 | 26 | 24 | 22 | 21 | 11 | 10 | 13 | 10 | 11 | 9 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 17 | 18 | 17 | 21 | 20 | 23 | 18 | 27 | 29 | 33 | 26 | 32 | 35 | 40 | −3 | −4 | −8 | −3 | 0 | 4 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 1.3% | 1.1% | 1.2% | 1.1% | 1.1% | 1.3% | 1.1% | 1.5% | 1.6% | 1.6% | 2.9% | 3.0% | 3.4% | 5.0% | −0.5% | −0.8% | −1.3% | −0.6% | −0.1% | 0.9% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 0 | 1 | 2 | 1 | 1 | 4 | 13 | 16 | 9 | 10 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 3 | 3 | 3 | 4 | 4 | 5 | 7 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 1 | 1 | 0 | 0 | 0 | 0 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. | 14 | 15 | 13 | 15 | 16 | 18 | 11 | 18 | 20 | 23 | 12 | 18 | 21 | 25 | −4 | −2 | 4 | 11 | 6 | 13 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 14 | 15 | 13 | 15 | 16 | 18 | 11 | 18 | 19 | 23 | 12 | 18 | 21 | 23 | −4 | −2 | 4 | 11 | 6 | 13 |
| 3 | 4 | 4 | 4 | 4 | 5 | 3 | 5 | 5 | 6 | 3 | 5 | 5 | 6 | 0 | 1 | 5 | 3 | 2 | 5 | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. | 24.3% | 24.8% | 26.6% | 25.5% | 23.9% | 30.9% | 22.9% | 25.9% | 25.1% | 24.6% | 24.0% | 26.7% | 22.0% | 24.3% | – | – | 130.7% | 24.2% | 26.0% | 33.7% |
| Share of profit of joint ventures and associatesShare of profit of joint ventures and associates. The group's share of the profit of companies it part-owns and does not consolidate, as stated. It is part of net profit but not of revenue or operating profit: their sales and costs are not in the group's lines. | 0 | 0 | 0 | 0 | 0 | – | – | – | – | – | – | – | – | – | – | – | – | 0 | 0 | 0 |
| Profit from discontinued businessesProfit from discontinued businesses. The profit after tax of businesses the company has sold, demerged or closed, or is about to. It is part of net profit; revenue and the lines above leave those businesses out. | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 20 | 290 | −6 | −22 | −2 | – |
| 11 | 11 | 10 | 11 | 12 | 12 | 8 | 14 | 15 | 17 | 9 | 13 | 16 | 18 | 17 | 287 | −7 | −14 | 2 | 9 | |
| Other comprehensive incomeOther comprehensive income. Gains and losses booked straight to net worth rather than through profit, such as changes in the value of some investments, pension plans and currency translation. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total comprehensive incomeTotal comprehensive income. Net profit plus other comprehensive income. | 11 | 11 | 10 | 11 | 12 | 12 | 8 | 13 | 15 | 17 | 9 | 13 | 16 | 18 | 17 | 287 | −7 | −14 | 2 | 9 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 0.8% | 0.7% | 0.7% | 0.6% | 0.7% | 0.7% | 0.5% | 0.7% | 0.8% | 0.8% | 1.0% | 1.3% | 1.6% | 2.2% | – | – | – | – | – | 1.9% |
| Net margin without joint ventures and associatesNet margin without joint ventures and associates. Net profit less the share of profit of joint ventures and associates, as a percentage of revenue: the margin on the businesses whose revenue the statement carries. Shown where the company states such a share. | 0.8% | 0.7% | 0.7% | 0.6% | 0.7% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.9% |
| Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. | ₹34.29 | ₹36.46 | ₹31.84 | ₹36.82 | ₹38.82 | ₹39.72 | ₹27.35 | ₹44.33 | ₹47.11 | ₹55.41 | ₹30.27 | ₹43.18 | ₹52.21 | ₹57.47 | ₹54.13 | ₹932.11 | −₹21.45 | −₹46.69 | ₹7.44 | ₹28.88 |
Earnings per share in rupees, restated for later splits and bonuses. Net margin is left blank for Mar 2025, Jun 2025, Sep 2025, Dec 2025 and Mar 2026: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.
The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹3,335 Cr, differs from its quarters added, ₹3,492 Cr; the company reports a discontinued business.
Filed results, as an XML file each
- Results for the quarter to Jun 2026 (opens in a new tab)Filed 12 Aug 2026
- Results for the quarter to Mar 2026 (opens in a new tab)Filed 27 May 2026
- Results for the quarter to Dec 2025 (opens in a new tab)Filed 12 Feb 2026
- Results for the quarter to Sep 2025 (opens in a new tab)Filed 12 Nov 2025
16 earlier filings
- Results for the quarter to Jun 2025 (opens in a new tab)Filed 14 Sep 2026
- Results for the quarter to Mar 2025 (opens in a new tab)Filed 12 Jun 2025
- Results for the quarter to Dec 2024 (opens in a new tab)Filed 14 Feb 2025
- Results for the quarter to Sep 2024 (opens in a new tab)Filed 14 Nov 2024
- Results for the quarter to Jun 2024 (opens in a new tab)Filed 16 Sep 2024
- Results for the quarter to Mar 2024 (opens in a new tab)Filed 22 May 2024
- Results for the quarter to Dec 2023 (opens in a new tab)Filed 24 Feb 2024
- Results for the quarter to Sep 2023 (opens in a new tab)Filed 25 Nov 2023
- Results for the quarter to Jun 2023 (opens in a new tab)Filed 11 Aug 2023
- Results for the quarter to Mar 2023 (opens in a new tab)Filed 24 May 2023
- Results for the quarter to Dec 2022 (opens in a new tab)Filed 13 Feb 2023
- Results for the quarter to Sep 2022 (opens in a new tab)Filed 25 Nov 2022
- Results for the quarter to Jun 2022 (opens in a new tab)Filed 2 Sep 2022
- Results for the quarter to Mar 2022 (opens in a new tab)Filed 18 May 2022
- Results for the quarter to Dec 2021 (opens in a new tab)Filed 12 Feb 2022
- Results for the quarter to Sep 2021 (opens in a new tab)Filed 15 Nov 2021
Segment results by quarter
Consolidated, ₹ crore, quarters to Jun 2026.Paul Merchants segment results by year
Forex
Revenue, ₹ croreProfit, ₹ croreGold Loan (Discontinued)
Revenue, ₹ croreProfit, ₹ croreTravel
Revenue, ₹ croreProfit, ₹ croreOthers
Revenue, ₹ croreProfit, ₹ croreOther Loans (Other than Gold Loan)
Revenue, ₹ croreProfit, ₹ crore
| ₹ crore | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue of all businesses | 1,839 | 2,090 | 899 | 1,063 | 1,038 | 809 | 643 | 542 | 593 | 505 | 482 | 481 |
| Company revenue, as in its resultsCompany revenue. The company's revenue from operations for the period in its results, on the same accounts as its segments. It is below the businesses' sum where they sell to one another, or where the segments include a business the results report as discontinued. | 1,839 | 2,090 | 901 | 1,063 | 1,038 | 809 | 582 | 493 | 593 | 505 | 482 | 481 |
| Revenue | 1,798 | 2,045 | 852 | 1,014 | 983 | 747 | 576 | 492 | 590 | 498 | 471 | 468 |
| Revenue growthSegment revenue growth, year on year. The change in the segment's revenue from the same period a year before, as a percentage of that earlier revenue: a year against the year before, a quarter against the same quarter. | 3.7% | 21.3% | −48.9% | −43.7% | −45.3% | −63.5% | −32.4% | −51.5% | −40.0% | −33.4% | −18.3% | −4.9% |
| ProfitSegment profit. What the business earned before tax and finance costs, as the company measures each of its businesses. | 4 | 4 | 0 | 1 | 1 | −1 | −2 | −1 | −2 | −1 | −2 | −1 |
| Profit growthSegment profit growth, year on year. The change in the segment's profit from the same period a year before, as a percentage of that earlier profit, left empty where either is a loss, since growth from or into a loss is not a percentage. | −20.0% | −18.1% | – | −81.4% | −77.7% | – | – | – | – | – | – | – |
| MarginSegment margin. Segment profit as a percentage of the segment's revenue. | 0.2% | 0.2% | 0.0% | 0.1% | 0.1% | −0.1% | −0.3% | −0.2% | −0.3% | −0.2% | −0.3% | −0.2% |
| AssetsSegment assets. What the company holds for this business at the period end: plant, stock, receivables and the like. | 33 | 26 | 27 | 29 | 30 | 32 | 36 | 35 | 30 | 39 | 31 | 40 |
| LiabilitiesSegment liabilities. What this business owes at the period end, such as payments due to suppliers. | 31 | 25 | 25 | 29 | 19 | 25 | 27 | 27 | 17 | 9 | 14 | 19 |
| Capital employedCapital employed in the segment. Segment assets less segment liabilities at the period end: the money tied up in this business. | 2 | 1 | 2 | 1 | 11 | 7 | 9 | 8 | 13 | 30 | 17 | 21 |
| Revenue | – | – | – | – | – | – | – | 49 | 0 | 0 | 0 | 0 |
| Revenue | – | – | – | – | – | – | – | – | – | 5 | 10 | – |
| Revenue | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 |
| Revenue | 40 | 44 | 0 | 0 | 52 | 1 | 4 | 0 | 0 | 0 | 0 | 0 |
| Revenue | – | – | – | – | – | – | – | – | – | – | – | 12 |
| Revenue | – | – | – | – | – | – | – | – | 2 | – | – | – |
| Revenue | – | – | 45 | 47 | – | 59 | 61 | – | – | – | – | – |
Profit is before tax and finance costs, the way companies report their segments.