Prime Securities Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Prime Securities Limited reported consolidated total income of Rs. 13,799 lakh for FY26, up from Rs. 8,940 lakh in FY25, driven by strong revenue growth from fee and commission income (Rs. 12,768 lakh vs Rs. 7,980 lakh). However, profit after tax fell sharply to Rs. 1,316 lakh from Rs. 3,848 lakh in FY25 due to an exceptional item of Rs. 1,178 lakh — an Expected Credit Loss allowance on a Rs. 2,795 lakh claim by subsidiary PRAL that is under NCLT adjudication. Pre-exceptional PBT was Rs. 661 lakh vs Rs. 4,102 lakh in FY25. The company also recognised Rs. 841 lakh of previously unutilised MAT credit. Auditors Sharp & Tannan Associates issued an unmodified opinion with two emphasis of matter notes. Negative operating cash flow of Rs. 210 lakh was recorded due to working capital movements.
The 60% revenue growth is positive, but the sharp PAT decline and negative operating cash flow signal cost and working capital pressures. The Rs. 1,178 lakh exceptional ECL charge on a disputed NCLT claim adds uncertainty around asset recovery, which could impact future earnings if the allowance increases.