Un-audited financial results both standalone and consolidated for the quarter and half year ended 30.09.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BN Rathi Securities reported a weaker quarter, with standalone total income of Rs. 1,469.80 lakhs in Q2 FY26 versus Rs. 1,699.20 lakhs in Q2 FY25, a decline of roughly 14%. Brokerage and related income fell to Rs. 972.78 lakhs (Q2 FY25: Rs. 1,073.31 lakhs). Standalone profit after tax dropped about 31% YoY to Rs. 262.58 lakhs, while H1 FY26 PAT fell to Rs. 423.36 lakhs versus Rs. 701.96 lakhs in H1 FY25. Profit before tax margin compressed to about 24% in Q2 from around 30% a year ago. Operating cash flow for H1 FY26 was negative at Rs. (3,350.77) lakhs, although the cash balance nearly doubled to Rs. 7,006.78 lakhs thanks to investing activity inflows. The board also allotted 2,50,000 equity shares (about 0.6% dilution) under the ESOP 2022 scheme, and auditor M. Anandam & Co. issued an unmodified limited review report. The wholly-owned subsidiary B.N. Rathi Comtrade booked a loss of Rs. 31.75 lakhs in H1 FY26.
Topline and bottomline contraction year-on-year, combined with negative operating cash flow and margin compression, signals a soft brokerage environment for the company; however, debt-free balance sheet, healthy cash pile, and clean auditor opinion limit near-term concerns for shareholders.