Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Actions
Audit Opinion:
Clean (Unmodified) - Limited Review Report issued by S.R. Batliboi & Co. LLP, Chartered Accountants
Key Financial Highlights [Amounts in INR Lakhs]:
Standalone Results:
Revenue from Operations: ₹8,300.03 (Q1 FY27) vs ₹6,530.45 (Q1 FY26) - 27.1% YoY increase
Total Income: ₹8,743.06 (Q1 FY27) vs ₹6,985.59 (Q1 FY26)
Net Profit: ₹664.65 (Q1 FY27) vs ₹281.36 (Q1 FY26) - 136.0% YoY increase
EPS: Basic ₹2.48, Diluted ₹2.24 (not annualized)
Other Equity: ₹2,733.01
Consolidated Results:
Revenue from Operations: ₹9,191.62 (Q1 FY27) vs ₹7,297.58 (Q1 FY26) - 26.0% YoY increase
Total Income: ₹9,653.08 (Q1 FY27) vs ₹7,775.80 (Q1 FY26)
Net Profit: ₹910.69 (Q1 FY27) vs ₹478.30 (Q1 FY26) - 90.4% YoY increase
EPS: Basic ₹3.39, Diluted ₹3.07 (not annualized)
Segment-wise Performance:
The Company's operations relate to one reportable operating business segment: Advisory & Transactional Services (comprising Broking and Distribution, Investment Banking & Other related Financial Intermediation Services).
Corporate Actions:
ESOP Allotments:
- Allotted 147,668 equity shares during the current quarter to eligible employees
- Allotted 145,449 equity shares subsequent to the current quarter to eligible employees
- 11,43,871 Stock Options outstanding under various ESOP Schemes as of June 30, 2026 (Standalone)
- 23,42,371 Stock Options outstanding under various ESOP Schemes as of June 30, 2026 (Consolidated)
Warrant Conversion:
The Company had allotted 95,00,000 convertible warrants on preferential basis on October 24, 2025:
- Antique Securities Private Limited: 75,00,000 warrants
- Krishna Kumar Karwa: 12,50,000 warrants
- Prakash Kacholia: 7,50,000 warrants
Warrant exercise details during and after the quarter:
- Krishna Kumar Karwa exercised 16,60,000 warrants resulting in allotment of 16,00,000 equity shares
- Prakash Kacholia exercised 60,000 warrants (50,000 after quarter end) resulting in allotment of 60,000 equity shares
- Total consideration received: ₹17,84,39,475 during the quarter ended June 30, 2026
Credit Rating:
ICRA Limited reaffirmed [ICRA]BBB+ (Positive) rating for Non-Convertible Debentures (NCDs) issued by the Company vide their report dated August 5, 2025. No change in credit rating during the quarter.
Fund Raising:
The Board had approved raising funds up to ₹227,52,50,000 by issuance of up to 95,00,000 convertible warrants at ₹239.50 per warrant, which was completed as detailed above.
Non-Convertible Debentures:
- NCDs are unsecured (Regulation 54 compliance statement provided)
- No material deviation in utilization of NCD proceeds
- Funds utilized 100% for Working Capital Requirements and General Corporate Purpose as originally disclosed
Preferential Issue Compliance:
Statement provided pursuant to Regulation 32 of SEBI Listing Regulations showing no deviation in utilization of preferential issue proceeds.
Other Significant Information:
Subsidiaries and Associates Included in Consolidation:
Wholly Owned Subsidiaries:
- Emkay Fincap Limited
- Emkay Investment Managers Limited
- Emkay Wealth Advisory Limited
- Emkay Commotrade Limited
- Emkayglobal Financial Services IFSC Private Limited
- Emkay Global Financial Services Pte. Ltd
Associates:
- Azalea Capital Partners LLP (associate of Emkay Wealth Advisory Limited)
- Finlearn Edutech Private Limited (associate of Emkay Fincap Limited)
- AES Trading and Consultants LLP (associate of Emkay Commotrade Limited)
Key Financial Ratios (Consolidated) as of June 30, 2026:
- Debt Equity Ratio: 0.28
- Debt Service Coverage Ratio: 1.40
- Interest Service Coverage Ratio: 1.54
- Net Worth: ₹41,002.47 lakhs
- Current Ratio: 1.26
- Operating Margin: 9.50%
- Net Profit Margin: 9.91%