Key Quantitative Figures - Standalone (Rs. in millions)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹64.5
  • Interest Income: ₹49.8
  • Rental Income: ₹0.1
  • Income From Dealing In Securities & others: ₹14.6
  • Total Income: ₹64.5
  • Total Expenses: ₹8.2
  • Finance Cost: ₹4.1
  • Employee Benefits Expenses: ₹2.7
  • Others expenses: ₹1.4
  • Profit before tax: ₹56.3
  • Tax Expense: ₹13.6
  • Profit for the period: ₹42.7
  • Other Comprehensive Income: ₹291.6
  • Total Comprehensive Income: ₹334.3
  • Earnings per share (Basic & Diluted): ₹0.3

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹133.3
  • Profit before tax: ₹102.8
  • Tax Expense: ₹25.3
  • Profit for the period: ₹77.5
  • Total Comprehensive Income: ₹669.9
  • Earnings per share (Basic & Diluted): ₹0.6

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from Operations: ₹61.6
  • Profit before tax: ₹45.0
  • Tax Expense: ₹16.7
  • Profit for the period: ₹28.3

Key Quantitative Figures - Consolidated (Rs. in millions)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,536.8
  • Interest Income: ₹477.3
  • Income From Dealing In Securities & others: ₹652.6
  • Fees and Commission Income: ₹406.8
  • Other Income: ₹0.1
  • Total Income: ₹1,536.8
  • Total Expenses: ₹1,028.8
  • Finance Cost: ₹168.8
  • Fees and commission expense: ₹145.0
  • Employee Benefits Expenses: ₹290.0
  • Depreciation, amortization and impairment: ₹10.1
  • Others expenses: ₹414.9
  • Profit before tax: ₹508.0
  • Tax Expense: ₹125.0
  • Profit for the period: ₹383.0
  • Other Comprehensive Income: -₹11.4
  • Total Comprehensive Income: ₹371.6
  • Profit after minority interest: ₹371.5
  • Earnings per share (Basic & Diluted): ₹3.1

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹3,034.7
  • Profit before tax: ₹970.4
  • Tax Expense: ₹240.9
  • Profit for the period: ₹729.5
  • Profit after minority interest: ₹755.1
  • Earnings per share (Basic & Diluted): ₹5.9

Segment Performance - Standalone (Quarter Ended September 30, 2026)

  • Segment - Interest: Revenue ₹49.8, Profit ₹41.6
  • Segment-Investment/Trading in Securities & others: Revenue ₹14.7, Profit ₹14.7

Segment Performance - Consolidated (Quarter Ended September 30, 2026)

  • Segment - Broking & Allied: Revenue ₹1,409.3, Profit ₹428.6
  • Segment - Interest: Revenue ₹18.8, Profit ₹10.8
  • Segment - Portfolio Management Services: Revenue ₹30.9, Profit ₹1.3
  • Segment- Insurance Broking: Revenue ₹5.1, Profit ₹1.3
  • Segment - Investment/Trading in Securities & others: Revenue ₹72.7, Profit ₹65.8

Assets and Liabilities - Standalone (As at September 30, 2026)

  • Total Assets: ₹8,128.1 million
  • Total Liabilities: ₹173.2 million
  • Shareholder's Fund: ₹7,954.9 million

Assets and Liabilities - Consolidated (As at September 30, 2026)

  • Total Assets: ₹24,238.4 million
  • Total Liabilities: ₹15,288.9 million
  • Total Equity: ₹8,949.6 million
  • Equity attributable to owners: ₹8,931.9 million
  • Non-controlling Interest: ₹17.7 million

Cash Flow - Standalone (Half Year Ended September 30, 2026)

  • Net cash from operating activities: ₹20.8 million
  • Net cash used in investing activities: -₹0.8 million
  • Net cash from financing activities: ₹0
  • Net increase in cash: ₹20.0 million

Cash Flow - Consolidated (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: -₹1,350.0 million
  • Net cash used in investing activities: -₹637.1 million
  • Net cash from financing activities: ₹1,556.9 million
  • Net decrease in cash: -₹430.2 million

Subsidiaries Included in Consolidation

The consolidated results include:

1. Master Capital Services Limited (Subsidiary)

2. Master Infrastructure & Real Estate Developers Limited (Subsidiary)

3. Master Insurance Brokers Limited (Subsidiary)

4. Master Commodity Services Limited (Step down Subsidiary)

5. Master Portfolio Services Limited (Step down Subsidiary)

6. Master Trust Wealth Private Limited (Step down Subsidiary)

Auditor Review

The financial results were subjected to limited review by the statutory auditors, Bhushan Aggarwal & Co. (FRN: 005362N). The review report states that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

The auditors noted that they did not review the interim financial statements of five subsidiaries whose financial statements reflect total assets of ₹2,996.5 million as at September 30, 2026, and total revenues of ₹216.2 million for the quarter ended September 30, 2026. These were reviewed by other auditors.

Meeting Details

The Board meeting commenced at 4:00 PM and concluded at 5:30 PM on November 3, 2026.