Modern Shares and Stockbrokers Limited announced its unaudited standalone financial results for the quarter and half year ended September 30, 2026, following a board meeting held on October 30, 2026. The meeting commenced at 12:30 PM and concluded at 1:30 PM.

Financial Performance (Quarter Ended September 30, 2026)

Revenue Breakdown:

  • Interest Income: ₹19.61 lakh (compared to ₹19.39 lakh in Q1 FY27 and ₹20.03 lakh in Q2 FY26)
  • Dividend Income: ₹0.31 lakh (compared to ₹0.31 lakh in Q2 FY26)
  • Brokerage and Commission Income: ₹78.25 lakh (compared to ₹59.86 lakh in Q1 FY27 and ₹77.39 lakh in Q2 FY26)
  • Net gain on fair value changes: Loss of ₹2.55 lakh (compared to gain of ₹4.96 lakh in Q1 FY27 and loss of ₹4.39 lakh in Q2 FY26)
  • Profit/(Loss) on Trading: ₹2.87 lakh (compared to ₹2.50 lakh in Q1 FY27 and ₹10.21 lakh in Q2 FY26)

Total Income: ₹98.49 lakh (compared to ₹86.71 lakh in Q1 FY27 and ₹103.55 lakh in Q2 FY26)

Expenses Breakdown:

  • Finance Cost: ₹1.04 lakh (compared to ₹0.55 lakh in Q1 FY27 and ₹0.66 lakh in Q2 FY26)
  • Employee benefit expense: ₹41.61 lakh (compared to ₹41.74 lakh in Q1 FY27 and ₹43.08 lakh in Q2 FY26)
  • Depreciation and amortization: ₹0.89 lakh (compared to ₹0.87 lakh in Q1 FY27 and ₹0.96 lakh in Q2 FY26)
  • Administrative and other Expenses: ₹36.83 lakh (compared to ₹36.52 lakh in Q1 FY27 and ₹30.86 lakh in Q2 FY26)

Profit Before Tax: ₹18.12 lakh (compared to ₹7.03 lakh in Q1 FY27 and ₹24.69 lakh in Q2 FY26)

Tax Expense:

  • Current tax: ₹5.40 lakh (compared to ₹0.75 lakh in Q1 FY27 and ₹8.50 lakh in Q2 FY26)
  • Deferred tax: ₹0.34 lakh (compared to ₹0.33 lakh in Q1 FY27 and ₹0.29 lakh in Q2 FY26)
  • Short/(Excess) Provision of tax of earlier years: Credit of ₹1.16 lakh

Net Profit: ₹13.54 lakh (compared to ₹5.95 lakh in Q1 FY27 and ₹15.90 lakh in Q2 FY26)

Earnings Per Share:

  • Basic EPS: ₹0.43 (compared to ₹0.17 in Q1 FY27 and ₹0.49 in Q2 FY26)
  • Diluted EPS: ₹0.43 (compared to ₹0.17 in Q1 FY27 and ₹0.49 in Q2 FY26)

Half Year Performance (April-September 2026)

Total Income: ₹185.20 lakh (compared to ₹202.60 lakh in H1 FY26)

Net Profit: ₹19.49 lakh (compared to ₹30.80 lakh in H1 FY26)

Balance Sheet Position (as at September 30, 2026)

Total Assets: ₹1,805.44 lakh (compared to ₹1,689.02 lakh as at March 31, 2026)

Key Assets:

  • Cash and cash equivalents: ₹38.11 lakh (₹18.47 lakh as at March 31, 2026)
  • Bank balances other than cash & cash equivalents: ₹1,131.00 lakh (₹1,120.99 lakh as at March 31, 2026)
  • Stock in Trade: ₹32.75 lakh (₹40.00 lakh as at March 31, 2026)
  • Trade Receivables: ₹27.71 lakh (₹41.32 lakh as at March 31, 2026)
  • Other financial assets: ₹514.90 lakh (₹405.47 lakh as at March 31, 2026)

Equity:

  • Equity Share Capital: ₹293.11 lakh (unchanged)
  • Other Equity: ₹1,021.69 lakh (₹1,004.14 lakh as at March 31, 2026)

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

  • Net cash from operating activities: Negative ₹0.17 lakh (negative ₹214.34 lakh in FY26)
  • Net cash from investing activities: ₹39.31 lakh (₹73.59 lakh in FY26)
  • Net cash from financing activities: Negative ₹19.50 lakh (₹19.50 lakh in FY26)
  • Net increase in cash and cash equivalents: ₹19.64 lakh

Regulatory and Legal Matters

The unaudited results were reviewed by the Audit Committee and approved by the Board of Directors. The statutory auditors, M/s. B D G & CO LLP, conducted a limited review in terms of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and issued an unmodified review opinion.

The company disclosed an ongoing legal matter against Bata India Limited regarding mesne profits (T.E. Suit No. 1461192 0 2009). The Court of Small Causes at Bombay directed fixing of mesne profit, but Bata India Limited appealed the order and obtained a stay with condition to deposit mesne profit in court. Bata India Limited has further appealed to the Hon'ble High Court of Bombay, where the matter remains pending.

Additional Information

  • There are no separate reportable segments as per Ind AS 108
  • Previous period figures have been regrouped/rearranged/restated to conform with Schedule III of the Companies Act, 2013
  • Paid-up equity share capital remains unchanged at ₹293.11 lakh with face value of ₹10 per share