Financial Results for the quarter ended 30th June 2025.
SHARDUL · price
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Shardul Securities, a Base Layer NBFC, reported its Q1 FY26 results on 29 July 2025. Consolidated revenue from operations fell about 33% year-on-year to Rs. 9,414.66 lakhs from Rs. 14,017.57 lakhs in Q1 FY25, while consolidated profit after tax dropped roughly 38% to Rs. 7,037.45 lakhs from Rs. 11,387.34 lakhs. Standalone revenue declined to Rs. 8,057.79 lakhs from Rs. 11,529.14 lakhs. On a positive note, the company swung back to a strong profit in Q1 FY26 after posting a loss of Rs. 6,969.56 lakhs in Q4 FY25. Consolidated EPS for the quarter stood at Rs. 6.95 versus Rs. 10.73 a year ago. The auditor (Akkad Mehta & Co LLP) issued an unmodified limited review report. The Board also decided to continue as an NBFC Type-II (not upgrading to Type-I), reappointed Mr. Yogendra Chaturvedi as Whole-time Director for five years, and appointed a new Secretarial Auditor.
Despite a sharp year-on-year decline in both revenue and profit, the strong sequential turnaround from a loss-making Q4 FY25 to a profitable Q1 FY26 is encouraging for shareholders. The decision to remain as an NBFC Type-II keeps capital requirements lighter, while the director reappointment signals board stability. Short-term stock reaction may be mixed given the YoY earnings contraction.