Financial Performance Summary

Key Financial Metrics (₹ Million)

| Particulars | Q1 FY27 | Q1 FY26 | YoY Growth |

| Total Income | 1497.9 | 1316.6 | 13.8% |

| EBITDA | 618.3 | 518.1 | 19.3% |

| EBITDA Margin | 41.3% | 39.4% | +190 bps |

| PAT | 346.5 | 271.1 | 27.8% |

| PAT Margin | 23.1% | 20.6% | +250 bps |

| EPS (₹) | 2.8 | 2.4 | 16.7% |

Revenue Mix by Business Segment

  • Broking & Allied: Remained the largest revenue contributor, accounting for approximately 94.5% of total revenue in Q1 FY27, supported by healthy growth in core broking operations.
  • Investment / Trading in Securities & Others: Recorded strong growth of 184.8% YoY, reflecting higher treasury and investment-related income.
  • Portfolio Management Services: Contributed ₹27.9 million during the quarter.
  • Insurance Broking: Contributed ₹9.4 million during the quarter.

The company's diversified presence across broking, investment services, portfolio management, insurance broking, and treasury operations continues to strengthen its business model.

Operational Highlights

  • Successful listing of NCDs on the NSE Debt Segment during the quarter
  • This listing strengthens the capital structure, enhances financial flexibility, and further diversifies funding sources
  • Supports the Company's long-term growth strategy

Management Commentary

Mr. Harjeet Singh Arora, Managing Director of Master Trust Limited and Master Capital Services Limited, commented on the performance:

  • Delivered healthy financial performance with disciplined execution and operational efficiency
  • Profitability improvements reflect the strength of the diversified financial services platform
  • Remain focused on strengthening core businesses and maintaining prudent capital allocation
  • Leveraging robust financial position to drive sustainable growth
  • Confident in ability to create long-term value for stakeholders through disciplined execution, innovation, and customer-centric approach

Company Background

Master Trust Limited is a diversified financial services company with over 41 years of experience (established in 1985). The company offers:

  • Comprehensive suite of trading, investment, wealth management, and financial solutions
  • Services retail, HNI, corporate, and institutional clients through technology-driven and research-backed offerings
  • Pan-India network spanning 22 states with 63 branches
  • 1,460+ business partners and over 4.36 lakh registered customers
  • Workforce of 1,290+ employees

Product Portfolio

  • Equity and commodity trading
  • Derivatives
  • Portfolio management
  • Wealth management
  • Depository services
  • Merchant banking
  • Insurance
  • Research
  • Algorithmic trading
  • NBFC services

Historical Performance Context

In FY26 (Consolidated), Master Trust Limited reported:

  • Total Income: ₹5,758.5 million
  • EBITDA: ₹2,361.7 million
  • Net Profit: ₹1,260.9 million

Industry Recognition

  • Best BFSI Brand by The Economic Times for four consecutive years (2023–2026)
  • Best Organisation to Work by ET Now in 2025