Khandwala Securities Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Khandwala Securities Limited reported weak Q1 FY26 results with revenue from operations falling sharply to Rs. 114.20 lakhs from Rs. 252.06 lakhs in Q1 FY25, a decline of roughly 55%. Total income dropped to Rs. 129.72 lakhs from Rs. 257.61 lakhs. The company swung to a pre-tax loss of Rs. 58.67 lakhs from a profit of Rs. 46.72 lakhs a year ago, and reported a net loss of Rs. 58.58 lakhs versus a profit of Rs. 47.83 lakhs earlier, translating to a loss per share of Rs. 0.38. Both core segments suffered, with fee-based income halving and investment/stock operations revenue plunging from Rs. 33.31 lakhs to Rs. 4.63 lakhs. Separately, the existing statutory auditor M/s. Aniket Kulkarni & Associates completes its term at the upcoming 32nd AGM, and M/s. Pravesh Agarwal & Associates has been recommended as the new statutory auditor for a five-year term through 2030, subject to shareholder approval.
The sharp revenue decline and return to losses signal continued stress in the company's brokerage and investment businesses, which is likely to weigh on the stock and investor sentiment. The auditor change is a routine governance matter and not a red flag in itself, but shareholders should watch whether the new auditor's review aligns with management's clean reporting.