Prime Securities Q1 PAT at ₹2.36 Cr

Prime Securities Limited reported its unaudited consolidated financial results for the first quarter of FY27 (Q1 FY27).

Consolidated Results:

Revenues: ₹3,368 lakhs vs ₹3,078 lakhs (Q4 FY26) and ₹4,691 lakhs (Q1 FY26)
PBT (Pre-Exceptional Items): ₹639 lakhs vs loss of ₹594 lakhs (Q4 FY26) and ₹1,646 lakhs (Q1 FY26)
PAT: ₹236 lakhs vs loss of ₹1,292 lakhs (Q4 FY26) and ₹1,088 lakhs (Q1 FY26)

The consolidated numbers include Prime Trigen Wealth, which reported:

PBT loss of ₹1,082 lakhs vs loss of ₹441 lakhs (Q1 FY26)
The current quarter had higher employee expense of ₹938 lakhs compared to Q1 FY26 due to ramp up in Prime Trigen Wealth

Trigen Wealth Expansion:

Establishment of wealth management vertical entails fixed expenses of approximately ₹60 Cr. in FY27
Due to regulatory change in trail income recognition, revenues have been deferred by a year
AUM/AUA as on June 30, 2026 has crossed ₹5,000 Cr
Income generation on this AUM/AUA should start from Q2/Q3 FY27
Expenses have been fully recognized and are being expensed out
Has onboarded 1,400+ clients and 750+ families as of today
Operates from 14 locations with over 105 employees
Envisaged to break-even in about five/six quarters

Management noted that:

The advisory business does not lend itself to quarterly or annual comparisons
Both the number and size of deals have been steadily rising
Management remains optimistic on the company's prospects over the next few years
Growth strategy involves creating annuity revenue flows through franchise businesses like Trigen Wealth
This strategy aims to smoothen out the lumpiness in the episodic nature of the Investment Banking business