Modern Shares Q1 FY27 PAT down about 60 percent YoY at Rs 5.95 lakh
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Awaiting price reaction for this filing.
Modern Shares & Stockbrokers posted Q1 FY26-27 results. Total income was Rs 86.71 lakh vs Rs 99.05 lakh YoY, down about 12 percent. Brokerage and commission income fell to Rs 59.86 lakh from Rs 73.65 lakh. Profit after tax dropped sharply to Rs 5.95 lakh from Rs 14.90 lakh, down around 60 percent YoY. EPS stood at Rs 0.17. However, the firm returned to profit versus a loss of Rs 6.20 lakh in the prior quarter. Auditor issued an unmodified review report.
Weaker brokerage income drove a sharp YoY profit drop, though the firm is back in black versus the prior quarter. Very small scale limits market impact.