Shares fell up to 6% as Q4FY26 results showed 36% YoY revenue growth but ₹55 cr MTM losses and 12% QoQ profit dip.
FY26 revenue rose 18% to Rs 4,362 cr and net profit increased 20% to Rs 1,216 cr, indicating strong annual momentum.
Company targets quarterly brokerage revenue ₹160‑180 cr (up from ₹130‑140 cr) and AUM growth 20‑25% with 12‑15% fresh inflows annually.
Citi and Jefferies maintain ‘Buy’ ratings as core PBT rose 29% YoY and FY26 profit grew 22%, supporting outlook.