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Inani Securities Q2 FY27 results: net profit ₹0.08 crore vs ₹0.02 crore, revenue up 44.0%
Inani Securities Ltd reported standalone Q2 FY27 revenue of ₹0.36 crore and a net profit of ₹0.08 crore, with EBITDA of ₹0.07 crore and an EBITDA margin of 18.9%. Revenue rose 44.0% from Q2 FY26, while profit increased from ₹0.02 crore; the company also filed for a mandatory open offer at ₹60 per share.
Key points
- Standalone Q2 FY27 revenue was ₹0.36 crore, up 44.0% from ₹0.25 crore in Q2 FY26 and 28.6% from ₹0.28 crore in Q1 FY27.
- Q2 FY27 EBITDA was ₹0.07 crore, compared with a loss of ₹0.02 crore in Q2 FY26 and a loss of ₹0.03 crore in Q1 FY27; the margin was 18.9%.
- Net profit was ₹0.08 crore, against ₹0.02 crore in both Q2 FY26 and Q1 FY27; basic EPS was ₹0.17 for the quarter.
- In H1 FY27, revenue was ₹0.64 crore, up 25.5% from ₹0.51 crore, while net profit was ₹0.10 crore against ₹0.05 crore in H1 FY26.
- Aikyam Financial Services initiated a mandatory open offer for up to 11,85,002 equity shares, representing 26.00% of Inani Securities’ equity, at ₹60 per share.
How did Inani Securities perform in Q2 FY27?
Inani Securities reported standalone revenue of ₹0.36 crore in Q2 FY27, up 44.0% from ₹0.25 crore in Q2 FY26 and 28.6% from ₹0.28 crore in Q1 FY27. Total income was ₹0.50 crore, against ₹0.41 crore a year ago and ₹0.46 crore in the previous quarter. These are standalone figures; no consolidated figures were provided.
EBITDA for the quarter was ₹0.07 crore, compared with a loss of ₹0.02 crore in Q2 FY26 and a loss of ₹0.03 crore in Q1 FY27. The EBITDA margin was 18.9%, improving from -6.4% and -12.0%, respectively. Profit before tax was ₹0.11 crore, while net profit was ₹0.08 crore and basic EPS was ₹0.17.
The year-on-year comparison showed net profit up 300.0% from ₹0.02 crore, profit before tax up 266.7% from ₹0.03 crore and basic EPS up 325.0% from ₹0.04. Against Q1 FY27, net profit rose 300.0% from ₹0.02 crore and basic EPS rose 466.7% from ₹0.03.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.36 | 0.28 | 0.25 | +44.0% | +28.6% |
| Other income | 0.14 | 0.18 | 0.16 | −12.5% | −22.2% |
| Total expenses | 0.39 | 0.44 | 0.39 | +0.0% | −11.4% |
| EBITDA | 0.07 | −0.03 | −0.02 | turned to profit | turned to profit |
| EBITDA margin | 18.9% | -12.0% | -6.4% | +25.3 pp | +30.9 pp |
| Profit before tax | 0.11 | 0.02 | 0.03 | +266.7% | +450.0% |
| Tax | 0.03 | 0.01 | 0.01 | +200.0% | +200.0% |
| Net profit | 0.08 | 0.02 | 0.02 | +300.0% | +300.0% |
| EPS (₹) | 0.17 | 0.03 | 0.04 | +325.0% | +466.7% |
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 Inani Securities' costs and profit?
Against Q2 FY26, total expenses were unchanged at ₹0.39 crore. Employee benefits expense rose by ₹0.06 crore, or 60.0%, to ₹0.16 crore, while finance costs fell by ₹0.01 crore, or 14.3%, to ₹0.06 crore and other expenses fell by ₹0.04 crore, or 23.5%, to ₹0.13 crore. Depreciation was unchanged at ₹0.04 crore.
Other income declined by ₹0.02 crore, or 12.5%, from ₹0.16 crore to ₹0.14 crore. There was no exceptional item in either quarter. Tax expense increased by ₹0.02 crore, or 200.0%, from ₹0.01 crore to ₹0.03 crore.
Compared with Q1 FY27, total expenses fell by ₹0.05 crore, or 11.4%, to ₹0.39 crore. Employee benefits expense declined by ₹0.01 crore, finance costs by ₹0.02 crore and other expenses by ₹0.02 crore, while depreciation was unchanged. Other income fell by ₹0.04 crore and tax rose by ₹0.02 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.16 | 0.10 | +0.06 | +60.0% |
| Finance costs | 0.06 | 0.07 | −0.01 | −14.3% |
| Depreciation | 0.04 | 0.04 | 0 | +0.0% |
| Other expenses | 0.13 | 0.17 | −0.04 | −23.5% |
| Total expenses | 0.39 | 0.39 | 0 | +0.0% |
| Other income | 0.14 | 0.16 | −0.02 | −12.5% |
| Tax | 0.03 | 0.01 | +0.02 | +200.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, standalone revenue was ₹0.64 crore, up 25.5% from ₹0.51 crore in H1 FY26. Total income rose 6.7% from ₹0.90 crore to ₹0.96 crore. The filing did not provide consolidated figures for the first half.
Profit before tax increased 85.7% from ₹0.07 crore to ₹0.13 crore, while net profit rose 100.0% from ₹0.05 crore to ₹0.10 crore. Basic EPS increased 90.9% from ₹0.11 to ₹0.21.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.64 | 0.51 | +25.5% |
| Profit before tax | 0.13 | 0.07 | +85.7% |
| Net profit | 0.10 | 0.05 | +100.0% |
| EPS (₹) | 0.21 | 0.11 | +90.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets at 30 September 2026 were ₹22.30 crore, down from ₹25.95 crore at 31 March 2026. Total equity was ₹19.76 crore, compared with ₹19.67 crore, while borrowings fell from ₹1.07 crore to ₹0.78 crore. Cash and cash equivalents declined from ₹6.14 crore to ₹1.89 crore.
Trade receivables were ₹0.27 crore against ₹0.79 crore at the previous balance-sheet date, inventories remained ₹0.18 crore, and trade payables fell from ₹4.93 crore to ₹1.33 crore. H1 FY27 operating cash flow was negative ₹7.51 crore, compared with ₹0.69 crore in H1 FY26; investing cash flow was ₹0.33 crore against ₹0.39 crore, and financing cash flow was negative ₹0.43 crore against negative ₹1.47 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 22.30 | 25.95 |
| Total equity | 19.76 | 19.67 |
| Borrowings | 0.78 | 1.07 |
| Cash and equivalents | 1.89 | 6.14 |
| Inventories | 0.18 | 0.18 |
| Trade receivables | 0.27 | 0.79 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −7.51 | 0.69 |
| Cash from investing | 0.33 | 0.39 |
| Cash from financing | −0.43 | −1.47 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Inani Securities done over the last 8 quarters?
Revenue rose year on year in each of the last 2 quarters. The latest quarterly revenue of ₹0.36 crore was the highest in the eight-quarter series, while the previous low was ₹0.25 crore in Q2 FY26. Revenue had fallen from ₹0.30 crore in Q4 FY26 to ₹0.28 crore in Q1 FY27 before rising in Q2 FY27.
Net profit also reached its highest point in the series at ₹0.08 crore in Q2 FY27, compared with a low of ₹0.02 crore in Q2 FY26. EBITDA margin improved to 18.9% from -12.0% in Q1 FY27; the lowest margin in the series was -80.2% in Q4 FY25.
What else did the company announce?
The board approved the unaudited financial results for the quarter ended 30 September 2026 and the limited review report. The results were reviewed by the Audit Committee, and the company also filed the required disclosures with BSE.
Aikyam Financial Services Private Limited agreed to acquire 25,94,214 equity shares, representing 56.92% of Inani Securities’ equity and voting share capital, from the selling shareholders at ₹60 per share. The transaction triggered a mandatory open offer for up to 11,85,002 equity shares, representing 26.00%, at ₹60 per share in cash.
Completion of the transaction was stated to be subject to completion of the open offer, applicable change-in-control approvals relating to Inani Securities’ stock-broking, trading-member and depository-participant registrations, and other conditions precedent in the Share Purchase Agreement.
How did Inani Securities shares react?
The stock had also risen 5.0% on the reaction day for the results announced on 13 August 2026 and 0.8% following the results announced on 29 May 2026. No post-result close for the next day or five days was provided.
| After the filing | Stock | Other Financial Services median |
|---|---|---|
| Reaction day | +5.0% | −0.7% |
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 |
|---|---|
| 13 August 2026 | +5.0% |
| 29 May 2026 | +0.8% |
Source: MarketPing price-reaction measurement.
How did other Other Financial Services companies do?
Fifteen other Other Financial Services companies had filed for the quarter by 4 November 2026. Their median revenue growth was -19.6%. Thirteen peers grew more slowly than Inani Securities and 2 peers grew faster than the company.
Twelve of the 27 peers covered for profit reported higher profit. Inani Securities’ own Q2 FY27 revenue growth of 44.0% was above the peers’ median revenue growth of -19.6%.
| Inani Securities revenue growth (YoY) | +44.0% |
|---|---|
| Median of 15 other Other Financial Services companies | −19.6% |
| Companies with slower revenue growth than Inani Securities | 13 of 15 |
| Companies with faster revenue growth than Inani Securities | 2 of 15 |
| Companies whose net profit rose | 12 of 27 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Inani Securities' revenue in Q2 FY27?
Revenue from operations was ₹0.36 crore, up 44.0% from ₹0.25 crore in Q2 FY26 (standalone).
Did Inani Securities make a profit in Q2 FY27?
Yes. Net profit was ₹0.08 crore, against a net profit of ₹0.02 crore in Q2 FY26.
What was Inani Securities' EPS in Q2 FY27?
Basic earnings per share were ₹0.17, against ₹0.04 in Q2 FY26.
How did Inani Securities shares react to the Q2 FY27 results?
On the reaction day the stock moved +5.0% from the previous close; the median Other Financial Services stock moved −0.7%.
When did Inani Securities announce its Q2 FY27 results?
On 12 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.
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