Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March 2026

Pat NegativeRevenue DeclineNegative Operating CashflowEbitda Margin CompressionResults View source PDF

SHARDUL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.3%1-day move

₹26.88

prior close

₹26.50

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+11.6+11.6+10.2+9.8+1.3+5.8-0.1+1.6+4.8+5.7+6.3+9.0——

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AI summary

Shardul Securities Limited reported a massive loss for FY26 with standalone net loss of Rs. 5,895.42 lakhs compared to a profit of Rs. 2,158.82 lakhs in FY25. Total standalone revenue declined by 87% to Rs. 536.70 lakhs from Rs. 4,248.90 lakhs. The loss was primarily driven by Net Loss on Fair Value Changes of Rs. 8,253.57 lakhs. Consolidated net loss stood at Rs. 4,913.66 lakhs. Borrowings increased significantly from Rs. 2,315.85 lakhs to Rs. 27,401.68 lakhs. The statutory auditors issued an Unmodified Opinion confirming clean audit. The company also appointed a new internal auditor M/s. Atul HMV & Associates LLP.

Likely market impact

The company swung from profit to significant loss due to investment fair value losses. The 10x increase in borrowings raises leverage concerns. Shareholders should monitor the company's investment portfolio performance and debt servicing ability.