PRIME SECURITIES LIMITED

Operates as a merchant banking and financial advisory firm, earning the bulk of its revenue from advisory fees on capital market transactions and corporate finance mandates. The Merchant Banking segment accounted for 99.9% of segment revenue in the reported period, with Brokerage and Mutual Fund distribution making up the remainder. In FY26, consolidated revenue from fee and commission income reached Rs. 12,768 lakhs, up 60% from the prior year, while a newer wealth management arm called Trigen Wealth reported assets under management and administration crossing Rs. 5,000 crore. The company also runs a research and advisory subsidiary, Prime Research and Advisory Limited (PRAL), and has an associate called Ark Neo, both flagged in auditor emphasis-of-matter notes. FY26 consolidated profit after tax fell sharply to Rs. 1,316 lakhs from Rs. 3,827 lakhs, pulled down by an Rs. 1,178 lakh Expected Credit Loss provision on a Rs. 2,795 lakh claim at PRAL that is under NCLT adjudication. Employee costs are the dominant expense at Rs. 63.1 crore, or 46.2% of revenue, reflecting the people-intensive nature of the advisory business, and the balance sheet carries no debt.