Key Financial Highlights (Consolidated, ₹ Million)

Q2 FY27 Performance vs Q2 FY26:

  • Total Income: ₹1,536.78 million (vs ₹1,268.66 million in Q2 FY26) - 21.13% YoY growth
  • EBITDA: ₹663.66 million (vs ₹579.91 million in Q2 FY26) - 14.44% YoY growth
  • EBITDA Margin: 43.19% (vs 45.71% in Q2 FY26) - decline of 252 basis points
  • PAT: ₹382.97 million (vs ₹314.06 million in Q2 FY26) - 21.94% YoY growth
  • PAT Margin: 24.92% (vs 24.76% in Q2 FY26) - improvement of 16 basis points
  • EPS: ₹3.1 (vs ₹2.7 in Q2 FY26) - 14.81% YoY growth

Consolidated Revenue Mix by Business Segment (Q2 FY27)

Segment-wise Revenue Contribution:

  • Principal Strategies: ₹652.06 million (42.43% of total revenue), 35.19% YoY growth
  • Brokerage & Allied: ₹351.45 million (22.87% of total revenue), 11.63% YoY growth
  • Interest Income and MTF & Allied: ₹455.31 million (29.63% of total revenue), 22.30% YoY growth and 13.52% QoQ growth
  • Asset Management (PMS): ₹19.28 million
  • Insurance Broking: ₹4.84 million
  • Wealth Management: ₹17.35 million, 74.72% QoQ growth

Management Commentary

Mr. Harjeet Singh Arora, Managing Director of Master Trust Limited and Master Capital Services Limited, stated:

  • Focus on active and better-capitalized clients during the quarter
  • Strategy centered on strengthening per-client revenue potential and MTF business amid evolving derivatives market conditions
  • Emphasis on improving client engagement and delivering sustainable business growth
  • Future focus on enhancing client engagement through digital platforms and dealer network
  • Plans to grow margin trading book and increase contributions from distribution and wealth management products
  • Commitment to disciplined capital allocation, operational efficiency and creating long-term value for stakeholders

Company Background & Operations

Business Overview:

  • Diversified financial services company with over 41 years of experience (established 1985)
  • Offers comprehensive suite including broking, lending, wealth management, portfolio management, and investment solutions
  • Operates under mastertrust group through strong digital platform

Operational Reach:

  • Pan-India network spanning 22 States & Union Territories
  • 63 branches
  • 1,550+ business partners
  • Over 4.40 lakh registered customers
  • 1,220 employees

Service Offerings:

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

FY26 Financial Performance (Consolidated):

  • Total Income: ₹5,758.44 million
  • EBITDA: ₹2,293.76 million
  • Net Profit: ₹1,260.87 million

Industry Recognition:

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

Forward-Looking Statements Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including government actions, local/political/economic developments, technological risks, and other factors that could cause actual results to differ materially. The company undertakes no obligation to publicly update these forward-looking statements.