Key Financial Results (Quarter Ended September 30, 2026)

Income Statement Highlights (₹ in Million)

  • Revenue from operations: ₹16,737.9 million for Q2 FY27 (compared to ₹14,390.6 million in Q2 FY26)
  • Other income: ₹169.1 million for Q2 FY27 (compared to ₹718.6 million in Q2 FY26)
  • Total Income: ₹16,907.0 million for Q2 FY27 (compared to ₹15,109.2 million in Q2 FY26)
  • Total expenses: ₹4,930.0 million for Q2 FY27 (compared to ₹4,183.1 million in Q2 FY26)
  • Finance cost: ₹47.5 million
  • Fees and commission expense: ₹1,328.5 million
  • Employee benefits expense: ₹2,127.7 million
  • Depreciation and amortization: ₹294.3 million
  • Other expenses: ₹1,132.0 million
  • Profit before tax: ₹11,977.0 million for Q2 FY27 (compared to ₹10,926.1 million in Q2 FY26)
  • Tax expenses: ₹3,087.4 million
  • Current tax: ₹3,059.6 million
  • Deferred tax: ₹27.8 million
  • Profit for the period: ₹8,889.6 million for Q2 FY27 (6% increase from ₹8,379.9 million in Q2 FY26)
  • Total comprehensive income: ₹8,855.1 million for Q2 FY27

Half-Yearly Performance (April 1, 2026 - September 30, 2026)

  • Total Income: ₹34,357.2 million
  • Profit before tax: ₹24,783.5 million
  • Profit for the period: ₹18,535.9 million
  • Total comprehensive income: ₹18,445.9 million

Earnings Per Share

  • Basic EPS: ₹17.99 for Q2 FY27 (compared to ₹16.95 in Q2 FY26)
  • Diluted EPS: ₹17.98 for Q2 FY27 (compared to ₹16.95 in Q2 FY26)
  • Paid-up equity share capital: ₹494.3 million (Face value of ₹1 each)

Dividend Declaration

  • Board approved interim dividend of ₹30 per equity share
  • Record date: October 21, 2026
  • Payment to shareholders appearing in Register of Members or depository records as of record date

Balance Sheet Position (As at September 30, 2026)

  • Total Assets: ₹62,694.3 million (compared to ₹50,704.9 million as at March 31, 2026)
  • Financial Assets: ₹54,758.0 million (including investments of ₹51,866.0 million)
  • Non-Financial Assets: ₹7,936.3 million
  • Total Liabilities: ₹9,291.0 million
  • Equity: ₹53,403.3 million

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash from operating activities: ₹16,882.3 million
  • Net cash used in investing activities: ₹(11,652.0) million
  • Net cash used in financing activities: ₹(6,423.3) million
  • Net change in cash: ₹(1,193.0) million
  • Cash and cash equivalents at period end: ₹146.7 million

Business Updates and Transactions

Completed Business Transfer

  • Business Transfer Agreement with ICICI Venture Funds Management Company Limited dated September 22, 2025
  • Sale and transfer of investment management rights of identified Category II Alternative Investment Funds
  • Consideration: ₹1,079.4 million
  • Received approvals from Competition Commission of India (November 25, 2025) and SEBI (March 02, 2026)
  • Transaction effective from April 1, 2026
  • Accounted as common control transaction under Ind AS 103
  • Comparative financial information restated to include acquired business

Proposed Business Acquisition

  • Business Transfer Agreement with ICICI Securities Limited dated September 23, 2026
  • Acquisition of entire Portfolio Management Services (PMS) business of I-Sec on slump sale basis
  • Includes transfer of identified employees related to PMS business
  • Subject to SEBI approval and regulatory formalities
  • Requires intimation to existing PMS clients about proposed transfer

Employee Stock Schemes

  • Implemented Employees Stock Option Scheme, 2025 (ESOS 2025) approved June 30, 2025
  • Implemented Employees Stock Unit Scheme, 2026 (Unit Scheme) approved April 4, 2026
  • Granted 0.76 million stock options and 0.19 million employee stock units to eligible employees
  • Appropriate cost recognized in profit and loss account over vesting period

Dividend History

  • Final dividend of ₹12.4 per equity share paid for FY26, approved at AGM on June 24, 2026
  • Interim dividend of ₹30 per equity share declared for period ended September 30, 2026