FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025.
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Nexome Capital Markets reported strong Q2 FY26 results with standalone total income rising to ₹899.89 lakhs from ₹721.25 lakhs in Q2 FY25, a growth of about 25%. Net profit after tax for Q2 FY26 jumped to ₹133.43 lakhs from ₹25.80 lakhs a year ago, while half-year PAT more than quadrupled to ₹261.38 lakhs from ₹62.69 lakhs. The growth was driven mainly by a sharp rise in Investment Banking Operations revenue (₹788.71 lakhs vs ₹38.48 lakhs), though Capital Market Operations revenue declined sharply. The company recognised an exceptional item of ₹58.53 lakhs as a provision for an old disputed deposit with City Civil Court-Bombay. Auditors issued an unmodified review but flagged an Emphasis of Matter noting an expected credit loss on a loan given to a party and a fair valuation loss on the investment portfolio recognised in Q1 FY26. The company also incorporated a new wholly-owned subsidiary, Nexome Wealth Management Limited, on July 22, 2025.
Strong revenue and profit growth signals operational momentum, particularly in investment banking, which should be positive for shareholders. However, the auditor's emphasis on credit loss provisions and investment write-downs indicates some asset quality concerns, and the exceptional provision adds to a cautious tone. Net effect is broadly positive on earnings but with watchpoints on loan and investment quality.