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DB (International) Stock Brokers Q2 FY27 results: net profit down 53.1% to ₹0.46 crore, revenue up 20.7%
DB (International) Stock Brokers Limited reported consolidated Q2 FY27 revenue of ₹9.67 crore, up 20.7% from Q2 FY26, while EBITDA fell 38.0% to ₹1.16 crore and net profit declined 53.1% to ₹0.46 crore. The company also approved the transfer of its major retail brokerage businesses, subject to shareholder and regulatory approvals.
Key points
- Q2 FY27 consolidated revenue was ₹9.67 crore, up 20.7% from ₹8.01 crore in Q2 FY26.
- EBITDA fell 38.0% year on year to ₹1.16 crore, while the margin declined 11.3 percentage points to 12.0%.
- Net profit was ₹0.46 crore, down 53.1% from ₹0.98 crore, and basic EPS fell 53.6% to ₹0.13.
- Other expenses increased 55.8% year on year to ₹6.76 crore, while total expenses rose 33.9% to ₹9 crore.
- The board approved transferring the major retail business, excluding the HNI business, to Choice Equity Broking and related distribution businesses to Choice Wealth.
How did DB (International) Stock Brokers perform in Q2 FY27?
On a consolidated basis, DB (International) Stock Brokers reported revenue of ₹9.67 crore in Q2 FY27, up 20.7% from ₹8.01 crore in Q2 FY26. Against Q1 FY27, revenue fell 6.4% from ₹10.33 crore. Total income was ₹9.67 crore, compared with ₹8.03 crore a year earlier and ₹10.33 crore in the previous quarter.
EBITDA was ₹1.16 crore, down 38.0% from ₹1.87 crore in Q2 FY26 and 28.8% from ₹1.63 crore in Q1 FY27. The EBITDA margin fell 11.3 percentage points year on year to 12.0%, and declined 3.7 percentage points from the previous quarter. PBT was ₹0.67 crore, tax was ₹0.22 crore, and the company reported a net profit of ₹0.46 crore. Basic EPS was ₹0.13, compared with ₹0.28 in Q2 FY26 and ₹0.25 in Q1 FY27. On a standalone basis, revenue was ₹9.68 crore, down 34.7%, and PAT was ₹0.52 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 9.67 | 10.33 | 8.01 | +20.7% | −6.4% |
| Other income | 0 | 0 | 0.01 | ||
| Total expenses | 9 | 9.25 | 6.72 | +33.9% | −2.7% |
| EBITDA | 1.16 | 1.63 | 1.87 | −38.0% | −28.8% |
| EBITDA margin | 12.0% | 15.7% | 23.3% | −11.3 pp | −3.7 pp |
| Profit before tax | 0.67 | 1.08 | 1.31 | −48.9% | −38.0% |
| Tax | 0.22 | 0.22 | 0.33 | −33.3% | +0.0% |
| Net profit | 0.46 | 0.86 | 0.98 | −53.1% | −46.5% |
| EPS (₹) | 0.13 | 0.25 | 0.28 | −53.6% | −48.0% |
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 DB (International) Stock Brokers' costs and profit?
Total expenses increased 33.9% year on year to ₹9 crore from ₹6.72 crore, outpacing the 20.7% rise in revenue. Other expenses were the main cost increase, rising 55.8% to ₹6.76 crore from ₹4.34 crore, while employee cost fell 1.1% to ₹1.74 crore from ₹1.76 crore. Finance costs declined 14.3% to ₹0.24 crore from ₹0.28 crore, and depreciation fell 10.3% to ₹0.26 crore from ₹0.29 crore. The cost of materials was unchanged.
Other income fell by ₹0.01 crore, from ₹0.01 crore in Q2 FY26 to no exceptional item in the reported other-income figure. Tax expense declined by ₹0.11 crore to ₹0.22 crore from ₹0.33 crore. No exceptional item was reported. These figures show the direction of the reported cost and income changes; the filing does not state a reason for the increase in other expenses.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 1.74 | 1.76 | −0.02 | −1.1% |
| Finance costs | 0.24 | 0.28 | −0.04 | −14.3% |
| Depreciation | 0.26 | 0.29 | −0.03 | −10.3% |
| Other expenses | 6.76 | 4.34 | +2.42 | +55.8% |
| Total expenses | 9 | 6.72 | +2.28 | +33.9% |
| Other income | 0 | 0.01 | −0.01 | |
| Tax | 0.22 | 0.33 | −0.11 | −33.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, consolidated revenue was ₹20.01 crore, up 33.7% from ₹14.97 crore in H1 FY26, while total income rose 33.6% to ₹20.01 crore from ₹14.98 crore. PBT declined 33.7% to ₹1.75 crore from ₹2.64 crore, and net profit declined 34.0% to ₹1.32 crore from ₹2 crore. Basic EPS fell 33.3% to ₹0.38 from ₹0.57.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 20.01 | 14.97 | +33.7% |
| Profit before tax | 1.75 | 2.64 | −33.7% |
| Net profit | 1.32 | 2 | −34.0% |
| EPS (₹) | 0.38 | 0.57 | −33.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹141.39 crore at 30 September 2026 from ₹115.98 crore at 31 March 2026. Total equity rose to ₹77.06 crore from ₹75.7 crore, while cash fell to ₹1.16 crore from ₹7.06 crore. The reported balance-sheet figures do not provide borrowings, trade receivables or trade payables, and inventories were unchanged at ₹0 crore.
For H1 FY27, operating cash flow was ₹-6.56 crore, compared with ₹2.72 crore in H1 FY26. Investing cash flow was ₹0.98 crore against ₹-6.17 crore, while financing cash flow was ₹-0.31 crore against ₹-0.20 crore. Capital expenditure was ₹0 crore in H1 FY27, compared with ₹0.07 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 141.39 | 115.98 |
| Total equity | 77.06 | 75.70 |
| Cash and equivalents | 1.16 | 7.06 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −6.56 | 2.72 |
| Cash from investing | 0.98 | −6.17 |
| Cash from financing | −0.31 | −0.20 |
| Capital expenditure | 0 | 0.07 |
Source: Company's results filing (XBRL).
How has DB (International) Stock Brokers done over the last 8 quarters?
Revenue reached its highest level in Q1 FY27 at ₹10.33 crore before falling to ₹9.67 crore in Q2 FY27. It had bottomed at ₹6.08 crore in Q4 FY26, and revenue rose year on year in each of the last two quarters. Q2 FY27 revenue remained above ₹8.01 crore in Q2 FY26.
Net profit peaked at ₹1.34 crore in Q4 FY25 and fell to ₹0.46 crore in Q2 FY27, after ₹0.23 crore in Q4 FY26. The EBITDA margin reached 30.8% in Q4 FY25, declined to 19.4% in Q4 FY26, and was 12.0% in Q2 FY27. The current pattern shows lower profit and margin despite the recent revenue recovery.
What else did the company announce?
In its same-day filing on 21 October 2026, the board approved the transfer of the company’s major retail business, excluding the HNI business (Branch 1001), including its trading and depository participant businesses, to Choice Equity Broking Private Limited. It also approved the transfer of the mutual fund distribution and other financial product distribution businesses to Choice Wealth Private Limited. The transfers are subject to shareholder approval and approvals from relevant regulatory authorities. The board also approved convening an extraordinary general meeting on 18 November 2026. The company’s board meeting on 21 October 2026 also approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, along with the limited review report.
How did DB (International) Stock Brokers shares react?
After the filing appeared after market hours, the stock fell 1.0% after five minutes and was down 0.1% after 15 and 30 minutes. On the reaction day, it rose 2.0% from the previous close of ₹30.18 to close at ₹30.2. By the next day’s close, the stock was up 0.0% from its pre-results close, and by the fifth session it was down 3.9%.
The Stockbroking & Allied industry median moved down 1.2% on the reaction day, down 2.5% by the next day and down 0.9% by the fifth session. The stock’s move was therefore 3.2 percentage points above the industry median on the reaction day, 2.6 percentage points above it by the next day and 3.0 percentage points below it by the fifth session. Earlier reaction-day moves were 2.3% on 10 August 2026, negative 0.4% on 21 April 2026 and 1.8% on 23 January 2026.
| After the filing | Stock | Stockbroking & Allied median |
|---|---|---|
| 5 minutes | −1.0% | |
| 15 minutes | −0.1% | |
| 30 minutes | −0.1% | |
| Reaction day | +2.0% | −1.2% |
| Next day | +0.0% | −2.5% |
| 5 days | −3.9% | −0.9% |
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 |
|---|---|
| 10 August 2026 | +2.3% |
| 21 April 2026 | −0.4% |
| 23 January 2026 | +1.8% |
| 17 October 2025 | +2.5% |
| 29 July 2025 | −0.4% |
| 29 April 2025 | +3.4% |
| 15 January 2025 | −2.0% |
| 5 November 2024 | −3.2% |
Source: MarketPing price-reaction measurement.
How did other Stockbroking & Allied companies do?
Among 27 Stockbroking & Allied peers compared for the quarter, the median revenue growth was 11.8%. Seventeen peers grew revenue more slowly than DB (International) Stock Brokers, while 10 peers grew faster than the company. Of the 26 peers for which profit was compared, 16 reported higher profit. The peer comparison was available as of 4 November 2026.
| DB (International) Stock Brokers revenue growth (YoY) | +20.7% |
|---|---|
| Median of 27 other Stockbroking & Allied companies | +11.8% |
| Companies with slower revenue growth than DB (International) Stock Brokers | 17 of 27 |
| Companies with faster revenue growth than DB (International) Stock Brokers | 10 of 27 |
| Companies whose net profit rose | 16 of 26 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was DB (International) Stock Brokers' revenue in Q2 FY27?
Revenue from operations was ₹9.67 crore, up 20.7% from ₹8.01 crore in Q2 FY26 (consolidated).
Did DB (International) Stock Brokers make a profit in Q2 FY27?
Yes. Net profit was ₹0.46 crore, against a net profit of ₹0.98 crore in Q2 FY26.
What was DB (International) Stock Brokers' EPS in Q2 FY27?
Basic earnings per share were ₹0.13, against ₹0.28 in Q2 FY26.
How did DB (International) Stock Brokers shares react to the Q2 FY27 results?
On the reaction day the stock moved +2.0% from the previous close; the median Stockbroking & Allied stock moved −1.2%.
When did DB (International) Stock Brokers announce its Q2 FY27 results?
On 21 October 2026, in a filing to the BSE.
Sources
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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.