Outcome of Board Meeting
Price
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SKP Securities' Board approved its Q3 FY26 (Oct-Dec 2025) and nine-month financial results, which were reviewed by statutory auditor S K Agrawal and Co with a clean (unqualified) limited review report. Total revenue from operations for Q3 rose to Rs. 1,037.24 lakhs from Rs. 890.06 lakhs a year ago, a jump of about 16.5%, largely driven by a sharp rise in interest income (Rs. 783.39 lakhs vs Rs. 144.63 lakhs) while brokerage income actually fell. Net profit for the quarter surged to Rs. 266.46 lakhs (up roughly 59% YoY) with EPS of Rs. 3.94 vs Rs. 2.45. However, for the nine-month period, revenue grew only about 5% to Rs. 3,162.14 lakhs and net profit dipped marginally to Rs. 844.46 lakhs (Rs. 883.07 lakhs last year). No exceptional items were reported, and the company said the new Labour Codes are not expected to have a material impact.
Short-term view: Strong Q3 profit growth driven by interest income is a positive for the stock, but the underlying brokerage business actually shrank, which is a concern. Nine-month profits are slightly lower than last year, so investors should watch whether the brokerage recovery sustains in Q4.