Emkay Global Financial Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026.
EMKAY · price
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Emkay Global reported audited standalone revenue of Rs 348.99 crore for FY 2026, up 10.7% from Rs 315.32 crore in FY 2025. However, standalone PAT dropped sharply to Rs 11.90 crore from Rs 58.91 crore in the prior year - an 80% decline driven by significantly higher finance costs (Rs 17.52 crore vs Rs 9 crore), increased fees and commission expenses (Rs 69.53 crore vs Rs 26.69 crore), and higher impairment on financial instruments. Consolidated PAT was Rs 15.20 crore versus Rs 56.83 crore in FY 2025. Operating margin compressed dramatically from 19.36% to 4.70% while net profit margin fell from 18.68% to 3.41%. The Board recommended dividend of Rs 1.50 per share (15%) and approved raising up to Rs 100 crore via NCDs on private placement and increasing borrowing limits to Rs 1,000 crore subject to shareholder approval. Auditors issued an unmodified (clean) opinion. Cash flow from operations turned negative at Rs -80.43 crore.
The sharp 80% decline in profitability despite modest revenue growth is a significant concern. Higher borrowing and the negative operating cash flow indicate financial stress. The expansion of debt capacity may be necessary to support operations given current cash burn.