Audited Financial Results for the Year ended March 31, 2026
PRIMESECU · price
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Prime Securities reported consolidated revenue of Rs 12,768 lakhs for FY2026, up 60% from Rs 7,980 lakhs in FY2025, driven by higher fee and commission income. However, profit after tax (attributable to owners) declined sharply to Rs 1,547 lakhs from Rs 3,824 lakhs in the prior year, a 60% drop. EPS fell to Rs 3.91 from Rs 11.49. The Q4 quarter ended March 31, 2026 recorded a loss of Rs 1,322 lakhs. Key headwinds include an exceptional item of Rs 1,178 lakhs representing Expected Credit Loss allowance for a Rs 2,795 lakh claim pending before NCLT for the subsidiary Prime Research and Advisory Limited. The company also recognized MAT credit of Rs 841 lakhs for the first time. Operating cash flow turned negative at Rs 210 lakhs versus positive Rs 2,786 lakhs in FY25. Auditors issued an unmodified (clean) opinion.
Despite strong revenue growth of 60%, the sharp decline in profitability and negative operating cash flow are concerns. The NCLT-related exceptional item and significant earnings decline may weigh on investor sentiment. The clean audit opinion provides some comfort on financial reporting integrity.