Financial Results for the quarter and year ended March 31, 2026
GANGESSECU · price
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Ganges Securities reported standalone net profit of Rs 4.34 crore for FY26, up 11.6% from Rs 3.89 crore in FY25, driven by higher interest and dividend income. However, on a consolidated basis (including subsidiary Cinnatolliah Tea Ltd), net profit fell sharply to Rs 1.46 crore from Rs 2.69 crore, a decline of 45.8% YoY. Consolidated revenue also declined from Rs 37.98 crore to Rs 36.11 crore. The tea business segment posted a loss of Rs 3.94 crore for Q4 and Rs 1.28 crore for FY26, significantly dragging down overall profitability. Other comprehensive income turned deeply negative at Rs 13,946.55 lakh (vs positive Rs 12,592.92 lakh in FY25), largely due to fair value changes in investments. The board has not recommended any dividend for FY26. Statutory auditors issued an unmodified opinion.
The standalone numbers look decent but the consolidated picture is weak due to the loss-making tea subsidiary. Investors should watch whether the tea business loss widens further, as it is dragging down the group's overall return on equity.