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Fundviser Capital (India) Ltd reported its Q3 FY26 and nine-month results on 5 February 2026. On a standalone basis, operating income surged from Rs. 31.60 lakh in Q3 FY25 to Rs. 363.89 lakh in Q3 FY26, and net profit rose from Rs. 53.85 lakh to Rs. 91.43 lakh. For the nine months, standalone net profit jumped from Rs. 45.40 lakh to Rs. 130.88 lakh on total revenue of Rs. 520.25 lakh versus Rs. 143.96 lakh a year ago. On a consolidated basis, nine-month revenue grew dramatically from Rs. 796.21 lakh to Rs. 11,293.41 lakh, driven mainly by newly added subsidiaries (Starlight Box Theatres, DARS Transtrade, and New India RE & Infra LLP). However, consolidated net profit attributable to shareholders was almost flat at Rs. 188.15 lakh versus Rs. 187.39 lakh, as subsidiary margins are much thinner. The auditor JMT & Associates issued an unmodified (clean) limited review opinion on both sets of results.
Strong topline growth driven by newly consolidated subsidiaries, but bottom-line benefits for shareholders are muted because most of the profit is being captured by non-controlling interests in subsidiaries. Investors should watch whether the company can improve consolidated margins and integrate subsidiaries profitably going forward.