Statement of Deviation & Variation for the Quarter and Nine Months ended on 31st December, 2025
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Awaiting price reaction for this filing.
Bridge Securities Ltd reported unaudited standalone results for Q3 FY26 with revenue from operations of Rs. 42.26 lakhs and net profit of Rs. 32.50 lakhs (EPS Rs. 0.08). For the nine months ended December 2025, total revenue was Rs. 135.09 lakhs and net profit was Rs. 116.32 lakhs (EPS Rs. 0.30). Both revenue and profit fell sharply compared to the same periods last year (9M FY25: revenue Rs. 191.04 lakhs, net profit Rs. 175.76 lakhs). The company operates in a single segment — commission from agriculture activities. Separately, the company confirmed receipt of Rs. 94.99 lakhs (32.76% of total consideration) in Q3 as the 4th tranche from conversion of 52.63 lakh convertible warrants allotted at Rs. 5.51 per share on 10 October 2025. Total funds received so far stand at Rs. 2.90 crore. There is no deviation or variation in the use of proceeds — funds are being deployed for working capital (Rs. 82.49 lakhs) and general corporate purposes (Rs. 12.50 lakhs) as originally planned. No investor complaints, no loan defaults, and no related party transactions were reported.
The sharp year-on-year decline in both revenue (~29%) and net profit (~34%) for the nine-month period is a concern for shareholders and could weigh on the stock. However, the company has fully complied with its stated use of funds from the preferential warrant issue, with no misuse or deviation reported.