Submission of Audited Financial Results
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Systematix Securities reported a net loss of ₹1.57 lakh for FY26, significantly narrowed from a net loss of ₹6.02 lakh in FY25. Total revenue declined sharply to ₹14.35 lakh from ₹30.88 lakh, driven by a collapse in core investment banking income (₹8.44 lakh vs ₹30.88 lakh). Other income of ₹5.91 lakh partially offset the decline. Operating expenses were cut by over 50% (employee cost down to ₹17.24 lakh from ₹35.65 lakh). The auditor issued an unmodified (clean) opinion with no qualifications, confirmed in a separate declaration by the company. Cash and cash equivalents declined from ₹7.02 lakh to ₹5.71 lakh, and operating cash flow turned negative at -₹8.72 lakh for the year. The company remains solvent with equity of ₹86.39 lakh against total assets of ₹87.78 lakh.
The sharp revenue decline is a concern, though the significantly narrowed loss and clean audit opinion provide some relief. The negative operating cash flow of -₹8.72 lakh is the most pressing red flag for investors, indicating the business is consuming cash despite cost cuts.