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Vertex Securities Q2 FY27 results: net loss widens to ₹0.45 crore, revenue down 7.4%
Vertex Securities Ltd reported consolidated revenue of ₹1.74 crore in Q2 FY27, down 7.4% from a year earlier and from the previous quarter. The company posted a net loss of ₹0.45 crore and basic EPS of -₹0.05, while the EBITDA margin was -21.1%.
Key points
- Consolidated revenue was ₹1.74 crore, down 7.4% from Q2 FY26 and Q1 FY27.
- The company reported a net loss of ₹0.45 crore and basic EPS of -₹0.05.
- Consolidated EBITDA was ₹0.37 crore, with an EBITDA margin of -21.1%.
- Total expenses were ₹2.20 crore, down 5.6% from ₹2.33 crore in Q2 FY26.
- In H1 FY27, revenue was ₹3.61 crore and the company reported a net loss of ₹0.86 crore.
How did Vertex Securities perform in Q2 FY27?
Vertex Securities reported consolidated revenue of ₹1.74 crore in Q2 FY27, down 7.4% from ₹1.88 crore in Q2 FY26 and 7.4% from ₹1.88 crore in Q1 FY27. Total income fell 8.2% year on year to ₹1.79 crore and declined 6.8% from the previous quarter. The filing describes Vertex Securities as primarily engaged in share broking and related activities.
The company reported an EBITDA loss of ₹0.37 crore in Q2 FY27, compared with ₹0.29 crore in Q2 FY26 and ₹0.41 crore in Q1 FY27. The EBITDA margin was -21.1%, down 5.5 percentage points year on year and up 0.8 percentage points from the previous quarter. Profit before tax was a loss of ₹0.40 crore in both Q2 FY26 and Q1 FY27.
Net profit was a loss of ₹0.45 crore in Q2 FY27, compared with a loss of ₹0.37 crore in Q2 FY26; a net profit figure was not available for Q1 FY27. Basic EPS was -₹0.05, against ₹0.05 in Q2 FY26 and ₹0.04 in Q1 FY27. On a standalone basis, revenue was ₹1.64 crore, down 8.4%, and the company reported a loss before tax of ₹0.35 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1.74 | 1.88 | 1.88 | −7.4% | −7.4% |
| Other income | 0.06 | 0.04 | 0.07 | −14.3% | +50.0% |
| Total expenses | 2.20 | 2.32 | 2.33 | −5.6% | −5.2% |
| EBITDA | −0.37 | −0.41 | −0.29 | ||
| EBITDA margin | -21.1% | -21.9% | -15.6% | −5.5 pp | +0.8 pp |
| Profit before tax | −0.40 | −0.40 | −0.38 | ||
| Tax | 0.05 | 0 | −0.01 | ||
| Net profit | −0.45 | −0.37 | |||
| EPS (₹) | −0.05 | 0.04 | 0.05 | turned to loss | turned to loss |
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 Vertex Securities' costs and profit?
Total expenses declined by ₹0.13 crore, or 5.6%, to ₹2.20 crore from ₹2.33 crore in Q2 FY26. Employee costs were ₹0.81 crore, down ₹0.01 crore or 1.2%, while finance costs fell by ₹0.06 crore or 66.7% to ₹0.03 crore. Depreciation declined by ₹0.01 crore or 14.3% to ₹0.06 crore.
Other expenses fell by ₹0.66 crore, or 48.5%, to ₹0.70 crore from ₹1.36 crore. Other income declined by ₹0.01 crore, or 14.3%, to ₹0.06 crore. There was no exceptional item in either quarter, while tax moved by ₹0.06 crore to ₹0.05 crore from a credit of ₹0.01 crore. The filing did not state reasons for these movements.
Against Q1 FY27, total expenses were lower by ₹0.12 crore, or 5.2%, as other expenses fell by ₹0.70 crore and employee costs declined by ₹0.02 crore. Other income was higher by ₹0.02 crore, while finance costs were unchanged. The quarter carried no exceptional item, and tax was ₹0.05 crore against no tax in Q1 FY27.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.81 | 0.82 | −0.01 | −1.2% |
| Finance costs | 0.03 | 0.09 | −0.06 | −66.7% |
| Depreciation | 0.06 | 0.07 | −0.01 | −14.3% |
| Other expenses | 0.70 | 1.36 | −0.66 | −48.5% |
| Total expenses | 2.20 | 2.33 | −0.13 | −5.6% |
| Other income | 0.06 | 0.07 | −0.01 | −14.3% |
| Tax | 0.05 | −0.01 | +0.06 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Vertex Securities reported consolidated revenue of ₹3.61 crore, down ₹0.26 crore or 6.7% from ₹3.87 crore in H1 FY26. Total income fell by ₹0.37 crore, or 9.1%, to ₹3.71 crore from ₹4.08 crore.
Profit before tax was a loss of ₹0.81 crore in H1 FY27, compared with a loss of ₹0.50 crore in H1 FY26. The company reported a net loss of ₹0.86 crore, compared with a net loss of ₹0.51 crore, and basic EPS was -₹0.09.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 3.61 | 3.87 | −6.7% |
| Profit before tax | −0.81 | −0.50 | |
| Net profit | −0.86 | −0.51 | |
| EPS (₹) | −0.09 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹30.38 crore on 30 September 2026, compared with ₹35.97 crore on 31 March 2026. Total equity was ₹10.77 crore against ₹11.63 crore, while cash fell to ₹2.37 crore from ₹4.27 crore. A borrowing figure was not available for Q2 FY27, compared with borrowings of ₹3.59 crore in Q4 FY26.
H1 FY27 operating cash flow was negative ₹0.86 crore, compared with negative ₹0.26 crore in H1 FY26. Investing cash flow was negative ₹1.43 crore against negative ₹0.71 crore, while financing cash flow was positive ₹0.38 crore against positive ₹1.04 crore. Capital expenditure was ₹0.02 crore, compared with ₹0.11 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 30.38 | 35.97 |
| Total equity | 10.77 | 11.63 |
| Cash and equivalents | 2.37 | 4.27 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.86 | −0.26 |
| Cash from investing | −1.43 | −0.71 |
| Cash from financing | 0.38 | 1.04 |
| Capital expenditure | 0.02 | 0.11 |
Source: Company's results filing (XBRL).
How has Vertex Securities done over the last 8 quarters?
Revenue reached its highest point in the listed series at ₹1.99 crore in Q1 FY26 and its lowest at ₹1.11 crore in Q4 FY26. It was ₹1.74 crore in Q2 FY27, below ₹1.88 crore in both Q1 FY27 and Q2 FY26. The latest reading is the second-highest since the Q4 FY26 low.
Net profit was at its highest in Q1 FY26, with a loss of ₹0.13 crore, and at its lowest in Q4 FY26, with a loss of ₹1.44 crore. The Q2 FY27 net loss of ₹0.45 crore was narrower than in Q3 FY26 and Q4 FY26 but wider than in Q2 FY26.
The EBITDA margin bottomed at -186.3% in Q4 FY26 and was highest among the listed quarters at -4.2% in Q1 FY26. It improved to -21.1% in Q2 FY27 from -21.9% in Q1 FY27, although it remained below -15.6% in Q2 FY26.
How did Vertex Securities shares react?
The results were announced after market hours on 28 October 2026. Vertex Securities closed the first session that could trade on the results 3.9% above its pre-results close, against a 0.1% decline for the Other Financial Services industry median. By the next day's close, the stock was up 5.4% from its pre-results close, versus a 1.0% decline for the industry median.
| After the filing | Stock | Other Financial Services median |
|---|---|---|
| Reaction day | +3.9% | −0.1% |
| Next day | +5.4% | −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 |
|---|---|
| 30 July 2026 | +1.8% |
| 11 May 2026 | +0.0% |
| 10 February 2026 | +10.6% |
| 11 November 2025 | +0.8% |
| 29 July 2025 | −1.4% |
| 8 August 2024 | +1.8% |
| 30 April 2024 | +5.0% |
Source: MarketPing price-reaction measurement.
How did other Other Financial Services companies do?
Fifteen other Other Financial Services companies that had filed for the quarter had a median revenue growth of -19.6%. Eight peers grew more slowly than Vertex Securities, while seven grew faster than the company. Vertex Securities’ revenue growth was -7.4% in the quarter.
Among the peer set, 13 companies reported higher profit, based on 27 peers for which profit was compared. The peer figures were available as of 4 November 2026.
| Vertex Securities revenue growth (YoY) | −7.4% |
|---|---|
| Median of 15 other Other Financial Services companies | −19.6% |
| Companies with slower revenue growth than Vertex Securities | 8 of 15 |
| Companies with faster revenue growth than Vertex Securities | 7 of 15 |
| Companies whose net profit rose | 13 of 27 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Vertex Securities' revenue in Q2 FY27?
Revenue from operations was ₹1.74 crore, down 7.4% from ₹1.88 crore in Q2 FY26 (consolidated).
Did Vertex Securities make a profit in Q2 FY27?
No. It reported a net loss of ₹0.45 crore, against a net loss of ₹0.37 crore in Q2 FY26.
What was Vertex Securities' EPS in Q2 FY27?
Basic loss per share was ₹0.05, against ₹0.05 in Q2 FY26.
How did Vertex Securities shares react to the Q2 FY27 results?
On the reaction day the stock moved +3.9% from the previous close; the median Other Financial Services stock moved −0.1%.
When did Vertex Securities announce its Q2 FY27 results?
On 28 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Prior Intimation Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended (''Listing Regulations'') (BSE, 22 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, October 28, 2026 (BSE, 28 October 2026) · PDF
- Unaudited (Standalone And Consolidated) Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026. (BSE, 28 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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