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Vikalp Securities Q2 FY27 results: net loss widens to ₹0.03 crore
Vikalp Securities Ltd reported standalone results for Q2 FY27, with revenue of ₹0 crore and a net loss of ₹0.03 crore. Compared with Q2 FY26, EBITDA moved from ₹0 crore to a loss of ₹0.04 crore, while basic EPS fell from ₹0.03 to ₹0.09. The results were approved by the board on 4 November 2026.
Key points
- Q2 FY27 standalone revenue was ₹0 crore, unchanged from Q2 FY26 and Q1 FY27.
- Vikalp Securities reported a net loss of ₹0.03 crore in Q2 FY27, against a net loss of ₹0.01 crore in Q2 FY26 and ₹0.02 crore in Q1 FY27.
- EBITDA was a loss of ₹0.04 crore in Q2 FY27, compared with ₹0 crore in Q2 FY26 and a loss of ₹0.01 crore in Q1 FY27.
- Basic EPS was ₹0.09 in Q2 FY27, down from ₹0.03 in Q2 FY26 and ₹0.07 in Q1 FY27.
- The board approved the unaudited standalone results for the quarter and half year ended 30 September 2026.
How did Vikalp Securities perform in Q2 FY27?
Vikalp Securities reported standalone revenue of ₹0 crore in Q2 FY27, unchanged from Q2 FY26 and Q1 FY27. Other income was also ₹0 crore in both comparison periods, and the company did not report an EBITDA margin. The figures shown here are standalone; no consolidated figures were provided. EBITDA moved from ₹0 crore in Q2 FY26 to a loss of ₹0.04 crore in Q2 FY27, while it was a loss of ₹0.01 crore in Q1 FY27. Profit before tax fell from a loss of ₹0.01 crore to a loss of ₹0.03 crore year on year and from a loss of ₹0.02 crore in the previous quarter. Basic EPS was ₹0.09, against ₹0.03 in Q2 FY26 and ₹0.07 in Q1 FY27. The board approved the unaudited standalone results on 4 November 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0 | 0 | 0 | ||
| Other income | 0 | 0 | 0 | ||
| Total expenses | 0.03 | 0.02 | 0.01 | +200.0% | +50.0% |
| EBITDA | −0.04 | −0.01 | 0 | turned to loss | |
| Profit before tax | −0.03 | −0.02 | −0.01 | ||
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.03 | −0.02 | −0.01 | ||
| EPS (₹) | −0.09 | −0.07 | −0.03 |
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 Vikalp Securities' costs and profit?
Total expenses rose from ₹0.01 crore in Q2 FY26 to ₹0.03 crore in Q2 FY27, a difference of ₹0.02 crore, and increased from ₹0.02 crore in Q1 FY27 by ₹0.01 crore. Employee cost and finance costs were unchanged at ₹0.01 crore and ₹0 crore, respectively. Other expenses increased by ₹0.03 crore year on year, from ₹0.01 crore to ₹0.02 crore, while depreciation moved from ₹0.02 crore to ₹0.01 crore. Other income remained ₹0 crore, tax was unchanged at ₹0 crore and there was no exceptional item in Q2 FY27. The filing did not state a reason for the increase in expenses or other expenses. The board said the quarterly figures were balancing figures between the unaudited half-year figures and the published figures for the quarter ended 30 June 2026, which had undergone limited review by the statutory auditors.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.01 | 0.01 | 0 | +0.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | −0.01 | 0.02 | −0.03 | |
| Other expenses | 0.02 | −0.01 | +0.03 | |
| Total expenses | 0.03 | 0.01 | +0.02 | +200.0% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, Vikalp Securities reported revenue and total income of ₹0 crore, unchanged from H1 FY26. Loss before tax widened from ₹0.04 crore to ₹0.05 crore, and the net loss increased from ₹0.04 crore to ₹0.05 crore. Basic EPS declined from ₹0.12 to ₹0.16. The board approved the unaudited standalone results for the half year ended 30 September 2026 on 4 November 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0 | 0 | |
| Profit before tax | −0.05 | −0.04 | |
| Net profit | −0.05 | −0.04 | |
| EPS (₹) | −0.16 | −0.12 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 2.45 | 2.43 |
| Total equity | 2.23 | 2.28 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.10 | 0.10 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0 | 0.13 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0 | 0 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Vikalp Securities done over the last 8 quarters?
Revenue remained ₹0 crore in each quarter from Q3 FY25 through Q2 FY27, so the trend provides no revenue peak or bottom on a reported basis. Profit moved from a loss of ₹0.63 crore in Q4 FY25 to losses of ₹0.03 crore in Q1 FY26 and ₹0.01 crore in Q2 FY26. The loss then widened to ₹0.04 crore in Q3 FY26 and ₹0.03 crore in Q4 FY26. In the latest two quarters, the loss was ₹0.02 crore in Q1 FY27 and ₹0.03 crore in Q2 FY27. EBITDA margins were not reported for the quarters, and no streak was provided.
How did other Diversified Commercial Services companies do?
Among 34 Diversified Commercial Services companies compared for the quarter, the median revenue growth was 14.4%. Vikalp Securities reported revenue of ₹0 crore, with the company-specific peer counts recording how many peers grew slower or faster than it. Across 47 peers for which profit was compared, 28 reported higher profit. The peer data was available as of 6 November 2026.
| Vikalp Securities revenue growth (YoY) | not comparable |
|---|---|
| Median of 34 other Diversified Commercial Services companies | +14.4% |
| Companies whose net profit rose | 28 of 47 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Vikalp Securities' revenue in Q2 FY27?
Revenue from operations was ₹0 crore, against ₹0 crore in Q2 FY26 (standalone).
Did Vikalp Securities make a profit in Q2 FY27?
No. It reported a net loss of ₹0.03 crore, against a net loss of ₹0.01 crore in Q2 FY26.
What was Vikalp Securities' EPS in Q2 FY27?
Basic loss per share was ₹0.09, against a loss of ₹0.03 in Q2 FY26.
When did Vikalp Securities announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration & Approval Of Unaudited Financial Results For The Second Quarter And Half Year Ended On September 30, 2026. (BSE, 27 October 2026) · PDF
- Board Meeting Outcome for Submission Of Un-Audited Financial Results For The Second Quarter Ended On September 30, 2026. (BSE, 4 November 2026) · PDF
- Results - Financial Results For The Quarter Ended On September 30, 2026. (BSE, 4 November 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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