Submission of Outcome of the Board Meeting held on Saturday, 18th Oct, 2025 pursuant to Regulation 30 of SEBI Listing Regulations, 2015 along with financial results for the quarter and ....
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The Board approved unaudited standalone and consolidated financial results for Q2 FY26 and half year ended 30 September 2025, along with a limited review report from Fadnis & Gupte LLP (clean/unmodified opinion). On a standalone basis, total revenue from operations fell about 29% year-on-year to Rs 2,781.79 lakhs in Q2 and around 30% to Rs 5,357.44 lakhs for the half year. Net profit dropped roughly 50% YoY to Rs 356.63 lakhs in Q2 (vs Rs 718.39 lakhs) and about 48% to Rs 698.32 lakhs for H1 (vs Rs 1,334.84 lakhs). Basic EPS for Q2 stood at Rs 1.77 versus Rs 4.85 a year ago. Notably, net cash outflow from operating activities was sharply negative at around Rs 3,831 lakhs standalone for the half year. Broking and related activities remain the dominant segment, while merchant banking and subsidiaries contributed the balance.
The steep YoY decline in both revenue and profit, combined with a significantly negative operating cash flow, paints a weak picture for the quarter and is likely to weigh on short-term investor sentiment. However, the company remains profitable and the auditor's review report is clean, with no qualifications raised.