BSEStandard Capital Markets Ltd· FinanceHighNeutral
Announced Wed, 21 Jan, 2026 · 14:48 IST

Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors in their meeting held ....

Qualified OpinionRevenue Growth 20pctPat Growth 25pctResults View source PDFExplain this filing

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Price reactionminutes from the announcement price · days from the prior close
+1.8%Reaction day
₹0.57
prior close
₹0.55
announcement price
In-mkt
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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+2.6% vs market
Non Banking Financial Company (NBFC) peers, median of 204sector-0.7%+2.5% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.5 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 204Pending

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

AI summary

Standard Capital Markets' board approved unaudited standalone and consolidated results for Q3 FY26 and the nine months ended December 31, 2025. Standalone total income jumped to Rs. 5,837.59 lakhs in Q3 FY26 from Rs. 2,334.60 lakhs a year earlier, and for the 9-month period rose to Rs. 20,936.71 lakhs from Rs. 8,126.74 lakhs. The company swung from a net loss of Rs. 4,492.94 lakhs in Q3 FY25 to a net profit of Rs. 3,383.60 lakhs in Q3 FY26, with 9M FY26 profit at Rs. 345.10 lakhs versus a Rs. 3,742.70 lakhs loss last year. The auditor (Krishan Rakesh & Co.) issued a qualified conclusion on both sets of results, disagreeing with management's reclassification of a Rs. 420.19 crore debt from sub-standard to standard asset — the debt is undergoing CIRP proceedings at NCLT and is allegedly being sold to an Asset Reconstruction Company, a deal the auditor says is not yet concluded.

Likely market impact

The headline turnaround from heavy losses to profit is positive, but the auditor's qualified opinion over the Rs. 420+ crore stressed asset is a significant red flag — if the ARC deal falls through, the asset will need to be reclassified and provisions raised, which could materially hit earnings. Shareholders should watch closely for closure of the ARC transaction.