outcome of the board meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved unaudited financial results for Q3 and nine months ended December 31, 2025. On a standalone basis, Q3 FY26 total income rose to Rs. 1,738.49 lakhs (up ~24% YoY from Rs. 1,401.51 lakhs), driven by brokerage income growth of ~30% YoY, and profit after tax nearly doubled to Rs. 296.05 lakhs (vs Rs. 157.03 lakhs). However, for the nine-month period, total income dipped marginally to Rs. 4,542.65 lakhs (vs Rs. 4,682.68 lakhs) and PAT fell to Rs. 719.40 lakhs (from Rs. 859 lakhs), mainly due to weaker other income. Consolidated numbers largely mirrored the standalone performance. The board also terminated its agreement with PCS Securities Limited to transfer demat accounts because KYC norms were not met by some clients, and withdrew its proposed business transfer from SVCM Securities Private Limited after SVCM decided to continue operations independently.
Strong Q3 brokerage growth and a near-doubling of quarterly PAT are positives, but two consecutive failed business expansion plans (PCS and SVCM) remove a potential growth lever and signal execution challenges in inorganic growth. Overall, near-term profitability momentum is healthy but the stalled acquisitions may limit the pace of future client base expansion.