Outcome of Board Meeting
EMKAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.9 pts more than Nifty Microcap 250 and 7.8 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Emkay Global Financial Services Limited reported audited standalone PAT of Rs. 1,190.14 lakhs for FY ended March 2026, down sharply from Rs. 5,891.28 lakhs in FY25 — approximately 80% decline. Total revenue from operations grew 10.7% to Rs. 34,898.88 lakhs from Rs. 31,531.61 lakhs. Operating margin compressed to 4.70% from 19.36% and net profit margin fell to 3.41% from 18.68%. The board approved a dividend of Rs. 1.50 per share (15%) subject to shareholder approval at AGM. The company also proposed raising funds up to Rs. 100 crore via NCDs on private placement and increasing borrowing limits to Rs. 1,000 crore. Promoter directors Krishna Kumar Karwa and Prakash Kacholia exercised warrants converting to equity shares. Statutory auditors S.R. Batliboi & Co. LLP issued an unmodified (clean) opinion on the financial statements. Operating cash flow turned significantly negative at Rs. 8,042.62 lakhs versus negative Rs. 1,938.31 lakhs in the prior year.
The stock faces pressure due to an 80% PAT decline and margin compression despite modest revenue growth. However, clean audit opinion and promoter warrant conversions provide some support. The proposed borrowing limit increase to Rs. 1,000 crore signals potential future expansion but also increased leverage.