Key Board Approvals

The Board meeting, which commenced at 11:30 AM and concluded at 1:50 PM, approved the following items:

1. The un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

2. The allotment of 1,190 equity shares (Face Value: ₹5 each) at an exercise price of ₹2,632 per share to eligible employees under the 'ESOP – Prudent Employee Stock Option Scheme 2025' (Grant-1).

3. An investment of up to ₹6,53,40,000 (Rupees Six Crore Fifty-Three Lakh Forty Thousand Only) in its wholly-owned subsidiary, Prutech Financial Services Private Limited. The investment is by way of subscription to a rights issue of up to 1,80,000 equity shares (Face Value: ₹10 each) of Prutech at an issue price of ₹363 per share (including a premium of ₹353 per share).

Detailed Financial Results (Standalone)

For the Quarter Ended September 30, 2026 (Q2 FY27):

  • Total Income: ₹38,249.96 Lakhs
  • Profit Before Tax (PBT): ₹9,350.48 Lakhs
  • Profit After Tax (PAT): ₹6,977.42 Lakhs
  • Basic EPS: ₹16.85
  • Diluted EPS: ₹16.84

For the Half Year Ended September 30, 2026 (H1 FY27):

  • Total Income: ₹73,539.65 Lakhs
  • Profit Before Tax (PBT): ₹18,542.12 Lakhs
  • Profit After Tax (PAT): ₹13,837.17 Lakhs
  • Basic EPS: ₹33.42
  • Diluted EPS: ₹33.41

Comparative Figures (YoY for Q2):

  • Total Income increased from ₹31,346.11 Lakhs (Q2 FY26) to ₹38,249.96 Lakhs (Q2 FY27).
  • PAT increased from ₹5,121.32 Lakhs (Q2 FY26) to ₹6,977.42 Lakhs (Q2 FY27).

Detailed Financial Results (Consolidated)

For the Quarter Ended September 30, 2026 (Q2 FY27):

  • Total Income: ₹39,252.79 Lakhs
  • Profit Before Tax (PBT): ₹9,607.16 Lakhs
  • Profit After Tax (PAT): ₹7,169.62 Lakhs
  • Basic EPS: ₹17.32
  • Diluted EPS: ₹17.31

For the Half Year Ended September 30, 2026 (H1 FY27):

  • Total Income: ₹76,099.07 Lakhs
  • Profit Before Tax (PBT): ₹19,630.07 Lakhs
  • Profit After Tax (PAT): ₹14,645.32 Lakhs
  • Basic EPS: ₹35.37
  • Diluted EPS: ₹35.36

Comparative Figures (YoY for Q2):

  • Total Income increased from ₹32,796.39 Lakhs (Q2 FY26) to ₹39,252.79 Lakhs (Q2 FY27).
  • PAT increased from ₹5,353.70 Lakhs (Q2 FY26) to ₹7,169.62 Lakhs (Q2 FY27).

Investment in Wholly-Owned Subsidiary

Entity: Prutech Financial Services Private Limited

Purpose: The investment is to support the expansion of Prutech's business. Prutech, currently an AMFI-registered distributor of mutual funds and SIF products, proposes to diversify into portfolio management services (PMS). The funds will be used to augment its net worth to meet the requirement for registration as a Portfolio Manager under SEBI (Portfolio Managers) Regulations, 2020, and to meet working capital requirements.

Consideration: Cash consideration of up to ₹6,53,40,000.

Shareholding Impact: There is no change in the shareholding percentage. Pre-investment holding was 100% (99,999 shares held directly, 1 share held by nominee Mr. Sanjay Shah). Post-investment, the holding remains 100% (2,79,999 shares held directly, 1 share held by nominee).

Background of Prutech:

  • Date of Incorporation: December 7, 2005
  • Business: Distribution of financial products including mutual funds and SIF.
  • AMFI ARN: 83863
  • Turnover (₹ Lakhs): FY24: 54.88, FY25: 98.09, FY26: 154.51
  • Country of Presence: India

Regulatory Approvals: Not applicable.

Interested Parties: None of the Promoters, Promoter Group, or Directors are interested financially or otherwise in Prutech.

ESOP Allotment

Scheme: ESOP – Prudent Employee Stock Option Scheme 2025 (Grant-1)

Allotment: 1,190 Equity Shares of Face Value ₹5 each.

Exercise Price: ₹2,632 per share.

Auditor's Review

The limited review of both the standalone and consolidated financial results for the quarter and half year ended September 30, 2026, was conducted by Deloitte Haskins & Sells. Their review report states that nothing has come to their attention that causes them to believe that the accompanying statements contain any material misstatement.

Segment Information

Both on a standalone and consolidated basis, the Company/Group operates in only one reportable business segment: "distribution and sale of financial products" within India.

Capital Structure

Paid-up Equity Share Capital (Standalone & Consolidated): ₹2,070.33 Lakhs (Face Value ₹5 per share).

Cash Flow Highlights (Standalone, H1 FY27)

  • Net Cash from Operating Activities: ₹12,856.52 Lakhs
  • Net Cash Used in Investing Activities: (₹10,130.87) Lakhs
  • Net Cash Used in Financing Activities: (₹2,003.87) Lakhs
  • Net Increase in Cash: ₹721.78 Lakhs
  • Cash and Cash Equivalents at period end: ₹1,953.94 Lakhs

Cash Flow Highlights (Consolidated, H1 FY27)

  • Net Cash from Operating Activities: ₹12,747.99 Lakhs
  • Net Cash Used in Investing Activities: (₹9,861.12) Lakhs
  • Net Cash Used in Financing Activities: (₹2,127.63) Lakhs
  • Net Increase in Cash: ₹759.24 Lakhs
  • Cash and Cash Equivalents at period end: ₹2,067.43 Lakhs