Summary of Key Information:
Reporting Period: Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Financial Results under SEBI LODR Regulations 30 & 33
Audit Opinion:
Clean/Unmodified limited review report issued by C N K & Associates LLP for both standalone and consolidated financial results.
Auditor’s Comment:
No material misstatements were found. The review provides limited assurance and is not an audit.
Key Financial Highlights [₹ Crores]:
Standalone Results:
Revenue from Operations: Q2 FY27: ₹6.11 (Q2 FY26: ₹1.32, +363%); H1 FY27: ₹15.30 (H1 FY26: ₹2.09, +632%)
Total Income: Q2 FY27: ₹6.10 (Q2 FY26: ₹1.36); H1 FY27: ₹15.30 (H1 FY26: ₹2.13)
Net Profit: Q2 FY27: ₹3.88 (Q2 FY26: Loss of ₹1.05); H1 FY27: ₹14.32 (H1 FY26: Loss of ₹2.48)
EPS (Basic): Q2 FY27: ₹0.76 (Q2 FY26: -₹0.21); H1 FY27: ₹2.82 (H1 FY26: -₹0.49)
Other Equity: As of September 30, 2026: ₹171.41 (March 31, 2026: ₹160.98)
Cash and Cash Equivalents: As of September 30, 2026: ₹1.57 (March 31, 2026: ₹3.07)
Debt: Current Borrowings as of September 30, 2026: ₹108.50 (Not present as of March 31, 2026)
Consolidated Results:
Revenue from Operations: Q2 FY27: ₹3,323.78 (Q2 FY26: ₹6,831.68, -51%); H1 FY27: ₹7,031.46 (H1 FY26: ₹8,725.49, -19%)
Total Income: Q2 FY27: ₹3,324.19 (Q2 FY26: ₹6,833.20); H1 FY27: ₹7,032.47 (H1 FY26: ₹8,728.75)
Net Profit Attributable to Owners: Q2 FY27: ₹17.92 (Q2 FY26: ₹38.19, -53%); H1 FY27: ₹79.87 (H1 FY26: ₹68.14, +17%)
EPS (Basic): Q2 FY27: ₹3.52 (Q2 FY26: ₹8.27); H1 FY27: ₹15.71 (H1 FY26: ₹14.74)
Other Equity: As of September 30, 2026: ₹1,343.41 (March 31, 2026: ₹1,239.85)
Cash and Cash Equivalents: As of September 30, 2026: ₹229.36 (March 31, 2026: ₹332.63)
Segment-wise Performance [₹ Crores]:
For Q2 FY27:
Fee based investment services: Revenue: ₹46.84, Result before tax: ₹28.43
Principal investment & Treasury: Revenue: ₹3,271.79, Result before tax: Loss of ₹8.26
Lending & Credit solutions: Revenue: ₹5.22, Result before tax: ₹4.29
Others / unallocable: Revenue: ₹0.34, Result before tax: ₹0.32
For H1 FY27:
Fee based investment services: Revenue: ₹84.21, Result before tax: ₹47.85
Principal investment & Treasury: Revenue: ₹6,938.72, Result before tax: ₹60.36
Lending & Credit solutions: Revenue: ₹8.61, Result before tax: ₹6.86
Others / unallocable: Revenue: ₹0.93, Result before tax: ₹0.72
Corporate Actions:
The Company allotted 556,284 equity shares (Face value of ₹2 each) during H1 FY27 pursuant to the exercise of options granted under the Employee Stock Option Scheme.
No dividend declared in this announcement.
Other Significant Information:
The employee benefit expenses include a reversal of ESOP expenses of ₹3.58 crore (standalone) and ₹5.17 crore (consolidated) due to resignations of senior management personnel during the quarter ended June 30, 2026.
Other expenses include a net fair value loss on investments of ₹0.69 crore (standalone) for H1 FY27.
The company has a branch in GIFT CITY IFSC operating as a fund management entity (FME), whose profit is allowed as a deduction under Section 80LA of the Income Tax Act, 1961.
The company has adopted the practice of reporting numbers in ₹ Crores instead of ₹ Lakhs from the period ended September 30, 2026. Comparative numbers have been rounded off accordingly.
The consolidated results include 14 subsidiaries (including step-down subsidiaries). The review reports of some subsidiaries were relied upon by the group auditor.