Approval of Audited Financial Results
PRIMESECU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Securities Ltd reported consolidated revenue of Rs 12,768 lakhs for FY26, up 60% from Rs 7,980 lakhs in FY25, driven by higher fee and commission income. However, profit after tax declined significantly to Rs 1,316 lakhs from Rs 3,827 lakhs in FY25, primarily due to an exceptional item of Rs 1,178 lakhs representing Expected Credit Loss (ECL) allowance on a Rs 2,795 lakh claim at subsidiary Prime Research and Advisory Limited, currently under adjudication at NCLT. The company also recognized MAT credit of Rs 841 lakhs, providing future tax benefit. Consolidated EPS declined to Rs 3.91 from Rs 11.49. The standalone profit after tax for FY26 stood at Rs 1,672 lakhs. Auditors Sharp & Tannan Associates issued an unmodified (clean) opinion on both consolidated and standalone results.
Despite strong revenue growth, shareholders face a significant profit decline due to the one-time ECL provision. The clean audit opinion and recognition of MAT credit provide some comfort, but the ongoing NCLT case creates uncertainty around potential recovery of the disputed Rs 2,795 lakh claim.