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Arihant Capital Markets Q2 FY27 results: net profit up 59.8% to ₹20.90 crore, revenue up 33.1%
Arihant Capital Markets Limited reported consolidated revenue of ₹75.82 crore in Q2 FY27, up 33.1% from Q2 FY26, with a net profit of ₹20.90 crore. EBITDA rose 48.6% to ₹35.71 crore and the EBITDA margin expanded 4.9 percentage points to 47.1%.
Key points
- Consolidated revenue was ₹75.82 crore in Q2 FY27, up 33.1% from ₹56.98 crore in Q2 FY26.
- EBITDA rose 48.6% to ₹35.71 crore, while the EBITDA margin increased 4.9 percentage points to 47.1%.
- Net profit rose 59.8% to ₹20.90 crore and basic EPS increased 51.6% to ₹1.91.
- Against Q1 FY27, revenue fell 2.7% to ₹75.82 crore and net profit declined 2.7% to ₹20.90 crore.
- H1 FY27 revenue rose 42.7% to ₹153.73 crore and net profit rose 64.4% to ₹42.39 crore.
How did Arihant Capital Markets perform in Q2 FY27?
Arihant Capital Markets reported consolidated revenue of ₹75.82 crore in Q2 FY27, up 33.1% from ₹56.98 crore in the year-ago quarter and down 2.7% from ₹77.91 crore in Q1 FY27. EBITDA rose 48.6% year on year to ₹35.71 crore, and its margin increased 4.9 percentage points to 47.1% from 42.2%.
Consolidated profit before tax was ₹27.71 crore, up 61.1% from ₹17.20 crore a year earlier and 1.9% from ₹27.20 crore in the previous quarter. Net profit was ₹20.90 crore, up 59.8% year on year but down 2.7% from ₹21.49 crore; basic EPS was ₹1.91, compared with ₹1.26 in Q2 FY26 and ₹1.96 in Q1 FY27.
On a standalone basis, Q2 FY27 revenue was ₹73.01 crore and net profit was ₹19.03 crore. Standalone revenue was up 31.6%, while net profit was ₹12.67 crore in the year-ago quarter. The board approved the unaudited standalone and consolidated results for the quarter and first half ended 30 September 2026, along with the statutory auditors’ limited review report.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 75.82 | 77.91 | 56.98 | +33.1% | −2.7% |
| Other income | 0.31 | 0.13 | 0.32 | −3.1% | +138.5% |
| Total expenses | 48.41 | 50.85 | 40.10 | +20.7% | −4.8% |
| EBITDA | 35.71 | 35.37 | 24.03 | +48.6% | +1.0% |
| EBITDA margin | 47.1% | 45.4% | 42.2% | +4.9 pp | +1.7 pp |
| Profit before tax | 27.71 | 27.20 | 17.20 | +61.1% | +1.9% |
| Tax | 7.03 | 6.67 | 3.90 | +80.3% | +5.4% |
| Net profit | 20.90 | 21.49 | 13.08 | +59.8% | −2.7% |
| EPS (₹) | 1.91 | 1.96 | 1.26 | +51.6% | −2.6% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Arihant Capital Markets' costs and profit?
Total expenses rose 20.7% to ₹48.41 crore from ₹40.10 crore in Q2 FY26, below the 33.1% increase in revenue. Employee cost increased by ₹2.52 crore to ₹12.01 crore, finance costs by ₹1.13 crore to ₹7.38 crore, depreciation by ₹0.03 crore to ₹0.92 crore and other expenses by ₹0.47 crore to ₹9.30 crore. Cost of materials was unchanged at ₹0 crore.
Other income fell by ₹0.01 crore to ₹0.31 crore from ₹0.32 crore, while there was no exceptional item in either quarter. Tax expense rose by ₹3.13 crore to ₹7.03 crore from ₹3.90 crore. The filing did not state reasons for the movements in the individual cost lines, other income or tax.
Against Q1 FY27, total expenses fell by ₹2.44 crore to ₹48.41 crore and other income rose by ₹0.18 crore to ₹0.31 crore. Employee cost rose by ₹1.77 crore to ₹12.01 crore, other expenses by ₹1.16 crore to ₹9.30 crore and tax by ₹0.36 crore to ₹7.03 crore; finance costs and depreciation were broadly unchanged.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 12.01 | 9.49 | +2.52 | +26.6% |
| Finance costs | 7.38 | 6.25 | +1.13 | +18.1% |
| Depreciation | 0.92 | 0.89 | +0.03 | +3.4% |
| Other expenses | 9.30 | 8.83 | +0.47 | +5.3% |
| Total expenses | 48.41 | 40.10 | +8.31 | +20.7% |
| Other income | 0.31 | 0.32 | −0.01 | −3.1% |
| Tax | 7.03 | 3.90 | +3.13 | +80.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Arihant Capital Markets reported consolidated revenue of ₹153.73 crore, up 42.7% from ₹107.75 crore in H1 FY26. Total income rose 42.7% to ₹154.18 crore from ₹108.08 crore, while profit before tax increased 67.6% to ₹54.91 crore from ₹32.77 crore.
Consolidated net profit for the first half was ₹42.39 crore, up 64.4% from ₹25.79 crore in H1 FY26. Basic EPS increased 56.0% to ₹3.87 from ₹2.48. The results covered the first half ended 30 September 2026 and were approved by the board on 30 October 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 153.73 | 107.75 | +42.7% |
| Profit before tax | 54.91 | 32.77 | +67.6% |
| Net profit | 42.39 | 25.79 | +64.4% |
| EPS (₹) | 3.87 | 2.48 | +56.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹1,140.84 crore, up from ₹1,098.18 crore at 31 March 2026. Total equity was ₹483.4 crore, compared with ₹440.97 crore at the previous balance sheet date, while cash was ₹28.45 crore against ₹29.1 crore. Consolidated borrowings were not given.
H1 FY27 operating cash flow was an outflow of ₹20.03 crore, compared with an outflow of ₹104.35 crore in H1 FY26. Investing cash flow was an inflow of ₹1.99 crore against an outflow of ₹5.56 crore, while financing cash flow was an inflow of ₹17.38 crore against an inflow of ₹109.92 crore. Capital expenditure was ₹0.93 crore, compared with ₹7.74 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,141 | 1,098 |
| Total equity | 483.40 | 440.97 |
| Cash and equivalents | 28.45 | 29.10 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −20.03 | −104.35 |
| Cash from investing | 1.99 | −5.56 |
| Cash from financing | 17.38 | 109.92 |
| Capital expenditure | 0.93 | 7.74 |
Source: Company's results filing (XBRL).
How has Arihant Capital Markets done over the last 8 quarters?
Revenue rose year on year in each of the last three quarters. Across the reported period, revenue reached ₹75.82 crore in Q2 FY27 after ₹77.91 crore in Q1 FY27, while the earlier low was ₹46.34 crore in Q4 FY25. The latest quarter was slightly lower than the preceding one.
Net profit was ₹20.90 crore in Q2 FY27, after ₹21.49 crore in Q1 FY27; the earlier low was ₹0.5 crore in Q4 FY26. EBITDA margin reached 47.1% in Q2 FY27, compared with a low of 16.6% in Q4 FY26 and 45.4% in Q1 FY27. The latest quarter was slightly lower than the preceding one.
Across the reported period, revenue reached ₹75.82 crore in Q2 FY27 after ₹77.91 crore in Q1 FY27, while the earlier low was ₹46.34 crore in Q4 FY25. Net profit was ₹20.90 crore in Q2 FY27, after ₹21.49 crore in Q1 FY27; the earlier low was ₹0.5 crore in Q4 FY26. EBITDA margin reached 47.1% in Q2 FY27, compared with a low of 16.6% in Q4 FY26 and 45.4% in Q1 FY27.
Which businesses drove the quarter?
Broking & Related Activities reported revenue of ₹75.66 crore and EBIT of ₹34.52 crore in Q2 FY27, with an EBIT margin of 45.6%. The filing excerpt did not provide the year-ago revenue, EBIT or growth figures for this segment.
Financing Activities reported revenue of ₹1.39 crore, down 15.0% from ₹1.64 crore in Q2 FY26. EBIT was ₹0.58 crore, compared with a loss of ₹1.59 crore in the year-ago quarter, while the reported EBIT margin was 41.6%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Broking & Related Activities | 75.66 | 34.52 | 45.6% | |
| Financing Activities | 1.39 | −15.0% | 0.58 | 41.6% |
Source: Company's results filing (XBRL segment data).
How did Arihant Capital Markets shares react?
The filing appeared after market hours, with the base price at ₹85.00. The stock was down 0.2% after 5 minutes, unchanged after 15 minutes and up 2.1% after 30 minutes. On the reaction day, it closed 1.5% above the previous close of ₹85.01; by the next day’s close, it was up 1.2% from that pre-results close.
Earlier reaction-day moves were negative on six of the eight listed result dates: -4.2% on 24 July 2026, -3.6% on 21 May 2026, -3.6% on 9 February 2026, -5.8% on 7 July 2025, -6.3% on 10 February 2025, -2.6% on 20 July 2024 and -6.1% on 7 November 2024. The other reaction-day move was up 1.0% on 6 November 2025.
| After the filing | Stock | Stockbroking & Allied median |
|---|---|---|
| 5 minutes | −0.2% | |
| 15 minutes | +0.0% | |
| 30 minutes | +2.1% | |
| Reaction day | +1.5% | +1.3% |
| Next day | +1.2% | +1.0% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 24 July 2026 | −4.2% |
| 21 May 2026 | −3.6% |
| 9 February 2026 | −3.6% |
| 6 November 2025 | +1.0% |
| 7 July 2025 | −5.8% |
| 10 February 2025 | −6.3% |
| 7 November 2024 | −6.1% |
| 20 July 2024 | −2.6% |
Source: MarketPing price-reaction measurement.
How did other Stockbroking & Allied companies do?
Twenty-seven other Stockbroking & Allied companies had filed for the quarter as of 4 November 2026. Their median revenue growth was 11.8%, compared with Arihant Capital Markets’ consolidated revenue growth of 33.1%.
Of the peers for which the comparison was available, 21 grew more slowly than Arihant Capital Markets and 6 grew faster. Fifteen of 26 peers reported higher profit, while profit comparisons were available for 26 companies.
| Arihant Capital Markets revenue growth (YoY) | +33.1% |
|---|---|
| Median of 27 other Stockbroking & Allied companies | +11.8% |
| Companies with slower revenue growth than Arihant Capital Markets | 21 of 27 |
| Companies with faster revenue growth than Arihant Capital Markets | 6 of 27 |
| Companies whose net profit rose | 15 of 26 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Arihant Capital Markets' revenue in Q2 FY27?
Revenue from operations was ₹75.82 crore, up 33.1% from ₹56.98 crore in Q2 FY26 (consolidated).
Did Arihant Capital Markets make a profit in Q2 FY27?
Yes. Net profit was ₹20.90 crore, against a net profit of ₹13.08 crore in Q2 FY26.
What was Arihant Capital Markets' EPS in Q2 FY27?
Basic earnings per share were ₹1.91, against ₹1.26 in Q2 FY26.
How did Arihant Capital Markets shares react to the Q2 FY27 results?
On the reaction day the stock moved +1.5% from the previous close; the median Stockbroking & Allied stock moved +1.3%.
When did Arihant Capital Markets announce its Q2 FY27 results?
On 30 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended On September 30, 2026 And Other Incidental And Ancillary Matters. (BSE, 24 October 2026) · PDF
- Board Meeting Outcome for Submission Of Un-Audited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended On 30Th September, 2026. (BSE, 30 October 2026) · PDF
- Un-Audited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended On 30Th September, 2026. (BSE, 30 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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