Standalone and Consolidated Un-audited Financial Results for the half year ended 30th September, 2025 alongwith the statement of assets and liabilities as per Securities and exchange Board ....
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Rikhav Securities, a Mumbai-based stock broking firm, reported unaudited H1 FY26 (April-September 2025) results on November 10, 2025, with a clean limited review from AHSP & Co LLP. Standalone revenue from operations jumped sharply to ₹37,991.40 lakhs (vs ₹9,299.46 lakhs in H1 FY25), driven by a massive increase in stock-in-trade purchases of ₹38,570.34 lakhs. However, profit before tax fell to ₹2,389.83 lakhs (vs ₹6,211.52 lakhs), and profit after tax dropped to ₹1,785.53 lakhs (vs ₹5,078.90 lakhs), translating to EPS of ₹4.66 vs ₹16.95. Consolidated results were nearly identical, including its wholly-owned subsidiary RSL IFSC Pvt Ltd. The balance sheet remains strong with reserves of ₹22,524.95 lakhs and very low debt of just ₹15.90 lakhs in long-term borrowings.
While topline growth of over 300% looks impressive on the surface, it came with steeply thinner trading margins - bottom-line profit fell nearly 65% YoY, meaning shareholders are getting more volume but far less profit per unit of trading. The stock may see muted sentiment given this sharp PAT decline, though the debt-free balance sheet provides comfort.