H1 FY26 Investor Press Release
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Awaiting price reaction for this filing.
Rikhav Securities, a BSE-listed diversified stock broking and market-making firm, reported H1 FY26 (ended September 30, 2025) consolidated total income of ₹386.67 Cr, EBITDA of ₹25.96 Cr (6.71% margin), and net profit of ₹17.75 Cr (4.59% margin), with EPS of ₹4.64. Notably, H1 FY26 revenue alone has already surpassed the full FY25 revenue of ₹327.77 Cr. Chairman & MD Hitesh Lakhani guided for ~20–25% YoY overall growth and said the newly launched Margin Trading Facility (MTF) — with a current book of ~₹10 Cr — is expected to grow 30–40% every half year. The company also highlighted smooth online account opening, mobile app enhancements due within 3 months, and onboarding of new institutional clients, with plans to expand geographically beyond Maharashtra and Gujarat.
Strong H1 numbers and explicit forward growth guidance of 20–25% YoY, combined with the high-growth MTF segment, are positive for the stock. However, the EBITDA margin of 6.71% remains thin for a broking business, so investors should watch whether the MTF and institutional client additions translate into sustained margin expansion.