Shardul Securities Q1 FY27 PAT more than doubles YoY on fair value gains

Revenue Growth 20pctPat Growth 25pctResults View source PDF Explain this filing

SHARDUL · price

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Price reactionminutes from the announcement price · days from the prior close

+20.0%Reaction day

₹28.00

prior close

₹33.60

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+18.6% vs market

Stockbroking & Allied peers, median of 38sector+0.5%+19.5% vs sector

On the reaction day the stock moved 18.6 pts more than Nifty Microcap 250 and 19.5 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 38Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shardul Securities posted Q1 FY27 standalone net profit of Rs 13,154.55 lakhs, more than double Rs 6,077.35 lakhs in Q1 FY26. Total income jumped to Rs 17,338.59 lakhs from Rs 8,057.79 lakhs, driven mainly by net gain on fair value changes of Rs 17,163.48 lakhs. Consolidated PAT rose to Rs 14,266.76 lakhs from Rs 7,037.45 lakhs. Standalone EPS stood at Rs 15.04 against Rs 6.95. Auditor Akkad Mehta and Co LLP issued an unmodified limited review report.

Likely market impact

Strong headline numbers, but profits are driven by fair value changes in investments, which depend on market conditions and may not be repeatable each quarter.