Outcome of Board Meeting dated 04.11.2025
Price
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Nexome Capital Markets (formerly SMIFS Capital Markets) announced its unaudited financial results for Q2 FY26 (quarter ended September 30, 2025) along with the appointment of Ms. Sanjana Gupta as the new Company Secretary and Compliance Officer effective November 4, 2025. On a standalone basis, the company reported total income of ₹899.89 lakhs for Q2 and ₹2,644.53 lakhs for H1 FY26, with a net profit of ₹133.43 lakhs for the quarter and ₹261.38 lakhs for the half-year (basic EPS of ₹2.27 for Q2 and ₹4.45 for H1). Consolidated numbers were broadly similar, with H1 FY26 net profit of ₹226.62 lakhs. The results were reviewed by statutory auditors SK Agrawal and Co, who flagged expected credit losses on a loan and fair valuation losses on the investment portfolio. The company also incorporated a wholly owned subsidiary, Nexome Wealth Management Limited, on July 22, 2025, to offer wealth management and advisory services.
Results show a sequential slowdown in income from Q1 to Q2, but profitability remains healthy on both standalone and consolidated bases. The credit and fair value losses on loans/investments are a minor concern but appear well-provided for. The new subsidiary and Company Secretary appointment signal continued operational expansion, with limited near-term stock price impact expected.