Unaudited Standalone and Consolidated Financial Resuls for the quarter ended on 30.09.2025.
Awaiting price reaction for this filing.
Ratnakar Securities Limited reported Q2 FY26 results following the merger with Ratnakar Securities Private Limited, which became effective on 24 July 2025. Standalone revenue from operations for the quarter fell about 8% year-on-year to roughly ₹4.32 crore, while half-year revenue dropped nearly 30% to ₹9.02 crore compared with ₹12.88 crore in H1 FY25. Standalone profit after tax for H1 FY26 came in at ₹81.91 lakh versus ₹1.78 crore a year earlier, a decline of around 54%, even as the quarter itself swung from a near-zero figure last year to ₹81.95 lakh. Operating cash flow turned sharply negative at a standalone outflow of ₹7.81 crore (consolidated outflow of ₹8.00 crore) for H1 FY26, largely due to a build-up in trade receivables and a drop in trade payables. Trading in the stock remains suspended on BSE; the company says it has paid the BSE claim, listing fees, contingent liability and reinstatement charges and is working on getting its shares relisted.
Weak top-line, sharply lower profits and negative operating cash flow point to operational stress, while the ongoing BSE trading suspension keeps the stock illiquid for investors. Shareholders should track relisting progress, working-capital movement and whether H2 FY26 can reverse the revenue and cash-flow slide.