Key Financial Figures - Consolidated Results (₹ in Lakhs)

Revenue Performance

  • Total Income: ₹3,368 lakhs (Q1 FY27) vs ₹3,078 lakhs (Q4 FY26) vs ₹4,691 lakhs (Q1 FY26)
  • Revenue from Operations: Not separately quantified in disclosure
  • Other Income: ₹715 lakhs, comprising:
  • Realized gains: ₹162 lakhs
  • Unrealized gains: ₹485 lakhs
  • Others: ₹0

Expense Breakdown

  • Total Expenses: ₹2,729 lakhs
  • Finance Cost: ₹36 lakhs
  • Fee and Commission Expense: ₹29 lakhs
  • Net Loss on Fair Value Changes: ₹124 lakhs (all unrealized)
  • Impairment on Financial Instruments: Not quantified
  • Employee Benefit Expenses: ₹2,129 lakhs
  • Depreciation and Amortization: ₹105 lakhs
  • Other Expenses: ₹98 lakhs

Profitability Metrics

  • Profit Before Exceptional Items and Tax: ₹639 lakhs
  • Exceptional Items (net): ₹(133) lakhs (related to customer settlement)
  • Profit Before Tax: ₹506 lakhs
  • Tax Expense: ₹222 lakhs
  • Current Tax Charge: ₹48 lakhs
  • Deferred Tax Liability/(Asset): ₹236 lakhs
  • Profit After Tax: ₹284 lakhs
  • Share of Loss of Associate: ₹(35) lakhs
  • Profit After Tax and Share of Associate: ₹201 lakhs
  • Profit Attributable to Owners: ₹349 lakhs
  • Profit Attributable to Non-controlling Interest: ₹(148) lakhs

Comprehensive Income

  • Other Comprehensive Income: ₹72 lakhs
  • Total Comprehensive Income: ₹273 lakhs

Capital Structure

  • Paid-up Equity Share Capital: ₹1,697 lakhs (face value ₹5 each)
  • Other Equity: Not quantified
  • Earnings Per Share (not annualized):
  • Basic: ₹0.70
  • Diluted: ₹0.68

Key Financial Figures - Standalone Results (₹ in Lakhs)

Revenue Performance

  • Revenue from Operations: ₹1,555 lakhs (Fee and Commission Income)
  • Other Income: ₹153 lakhs
  • Total Income: ₹1,708 lakhs

Expense Breakdown

  • Total Expenses: ₹529 lakhs

Profitability Metrics

  • Profit Before Exceptional Items and Tax: ₹1,179 lakhs
  • Profit Before Tax: ₹1,179 lakhs
  • Tax Expense: ₹273 lakhs
  • Current Tax Charge: ₹164 lakhs
  • Deferred Tax Liability/(Asset): ₹109 lakhs
  • Profit After Tax: ₹906 lakhs
  • Total Comprehensive Income: ₹987 lakhs
  • Earnings Per Share (not annualized):
  • Basic: ₹2.67
  • Diluted: ₹2.63

Exceptional Items and Significant Events

Customer Settlement (Prime Research and Advisory Limited)

  • During previous year, PRAL filed claim before NCLT amounting to ₹2,795 lakhs for Corporate Advisory Services
  • Had recognized allowance of ₹1,178 lakhs under Expected Credit Loss policy
  • During Q1 FY27, entered into settlement agreement with customer on June 4, 2026
  • Settlement consideration: ₹1,750 lakhs
  • Consequential additional allowance of ₹133 lakhs recognized as Exceptional Item
  • Legal proceedings before NCLT resolved pursuant to settlement agreement

Deferred Tax Assets Recognition (Prime Trigen Wealth Limited)

  • Recognized deferred tax assets amounting to ₹241 lakhs
  • Based on management's projections of future taxable profits and business plans
  • Realization dependent on achievement of projections and availability of sufficient future taxable income

Subsidiary and Associate Structure

The consolidated results include the following entities:

Subsidiaries:

  • Prime Research and Advisory Limited (India, wholly-owned)
  • Prime Trigen Wealth Limited (India, 84.06% owned)
  • Prime Advisory Partners Limited (UK, 97.83% owned)
  • PRAL Management Consultancies LLC (UAE, wholly-owned)

Step-down Subsidiaries:

  • Prime Litmus Investment Management Limited (India, 75% owned by PRAL)
  • Prime Litmus Ventures LLP (India, 99.80% owned by PRAL)

Associates:

  • Ark Neo Financial Services Private Limited (India, 41.68% associate)

Business Segment Information

  • The Group has only one reportable segment: Financial Advisory and Intermediation services
  • No separate reportable segments in terms of Ind-AS 108

Regulatory and Compliance Information

  • Financial results prepared in accordance with Ind AS 34
  • Reviewed by Audit Committee and approved by Board of Directors on July 23, 2026
  • Board Meeting: Commenced at 5:10 p.m. IST, concluded at 7:00 p.m. IST
  • Statutory auditors: Sharp & Tannan Associates (ICAI Firm Reg. No. 709983W)
  • Auditors issued unmodified review conclusion with emphasis of matters

Press Release Highlights

  • Consolidated PBT (Pre-Exceptional Items): ₹639 lakhs vs loss of ₹594 lakhs (Q4 FY26)
  • Higher employee expense of ₹938 lakhs compared to Q1 FY26 due to Trigen Wealth ramp-up
  • Prime Trigen Wealth reported PBT loss of ₹1,082 lakhs vs loss of ₹441 lakhs (Q1 FY26)
  • Trigen Wealth establishment entails fixed expenses of approx. ₹60 Cr in FY27
  • Regulatory change deferred trail income recognition by one year
  • AUM/AUA crossed ₹5,000 Cr as of June 30, 2026
  • Income generation expected to start from Q2/Q3 FY27
  • Trigen Wealth has onboarded 1,400+ clients and 750+ families
  • Operates from 14 locations with over 105 employees
  • Expected break-even in five/six quarters
  • Cash plus Investments: approx. ₹270 Cr as of June 30, 2026
  • Total group headcount: 147
  • Management optimistic on prospects despite business lumpiness

Auditor Emphasis of Matters

Prime Research and Advisory Limited

  • Settlement with customer on June 4, 2026 regarding corporate advisory services claim
  • Reassessment of receivable recoverability leading to exceptional item recognition

Ark Neo Financial Services Private Limited

  • Recognition of deferred tax assets based on management's assessment of future taxable profits
  • Company has negative net worth as of June 30, 2026
  • Management will continue to reassess recoverability at each reporting date

Other Matters

  • Financial results include unaudited results of subsidiaries and share of loss from associate
  • Figures for quarter ended March 31, 2026 are balancing figures between audited annual and unaudited nine-month figures
  • Previous period figures regrouped/reclassified where necessary