Pune E-Stock Broking Limited submitted a press release titled "Pune E-Stock Broking reports H1FY27 results" to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Performance (Consolidated, Unaudited)

The Board of Directors approved the unaudited financial results for the half year ended 30th September, 2026:

H1FY27 Key Figures (₹ Cr):

  • Revenue from Operations: ₹34.2
  • Total Revenue: ₹43.8
  • EBITDA: ₹22.3
  • Profit Before Tax: ₹19.1
  • Net Profit After Tax: ₹14.3
  • Diluted EPS: ₹8.39

Year-over-Year Comparison (H1FY27 vs H1FY26):

  • Revenue from Operations: +29.6%
  • Total Revenue: +29.9%
  • EBITDA: +31.0%
  • EBITDA Margin: 65.1% (70 bps improvement)
  • Profit Before Tax: +38.8%
  • Net Profit After Tax: +36.8%
  • Net Profit Margin: 41.7% (220 bps improvement)

Half-over-Half Comparison (H1FY27 vs H2FY26):

  • Revenue from Operations: +24.5%
  • Total Revenue: +30.4%
  • EBITDA: +35.1%
  • EBITDA Margin: 65.1% (510 bps improvement)
  • Profit Before Tax: +47.5%
  • Net Profit After Tax: +50.1%
  • Net Profit Margin: 41.7% (710 bps improvement)

Key Business Updates

Margin Trading Facility (MTF):

  • MTF book stands at over ₹100 crores
  • Described as a secured, collateral-backed income stream funded by short-term borrowings
  • Positioned as both a profit pool and lever for deeper client engagement and retention

Wealth & Mutual Fund Distribution:

  • Distribution shelf spans 35 AMC partnerships and over 500 schemes
  • Serving 1,600+ investors
  • Distribution assets of over ₹240 crores (₹125+ crore equity, ₹115+ crore non-equity)
  • SIP book of over ₹1.5 crores

PESB Alpha Fund (Category III AIF):

  • Launched in November 2025
  • Reached ₹55 crores in AUM as of 30th September 2026
  • Since-inception return of 29.50% post fees and tax

Merchant Banking:

  • Received SEBI approval to act as Merchant Banker in September 2025
  • Identified as one of three divisions expected to contribute meaningfully to bottom line

Insurance Advisory:

  • Backed by IRDAI corporate agent clearances
  • Services commenced through Pune Finvest Limited in September 2026
  • Targeting cross-sell to existing client base with recurring annuity trail commissions

Other Business Segments:

  • Pure Finvest Limited offers secured NBFC lending
  • Pune E Stock Broking IFSC Ltd. (GIFT City) enables international investing including US stocks (currently being set-up)

Management Discussion and Commentary

Performance Drivers:

Performance in H1FY27 was shaped by: (1) broking and trading volumes and mix; (2) growth in the MTF book and associated interest income against higher short-term funding costs; (3) growing contribution from mutual fund distribution, baskets and the PESB Alpha Fund; and (4) continued operating-cost discipline.

Strategic Roadmap - FY27 and Beyond:

The company is moving from pure broking dependence towards a more diversified, recurring-revenue model. Priorities include:

  • Customer scale: Over 1 lakh customers by 2027, supported by flagship retail branches
  • Three engines for bottom line: Wealth, merchant banking and insurance expected to scale and contribute meaningfully
  • MTF as sticky income stream: Continued scaling of secured MTF book linked to deeper engagement

From Chairman & Managing Director

Vrajesh Krishnakumar Shah stated: "Our focus remains on converting our broking client base into deeper, longer-duration wealth relationships scaling margin trading, mutual fund distribution, baskets and our Category III AIF, while building merchant banking and insurance advisory as new fee-based engines of growth. We remain committed to delivering sustained double-digit profit growth and improving return ratios."

Company Background

Pune E-Stock Broking Ltd. (PESB), incorporated in 2007 and headquartered in Pune, is a corporate broking house combining technology, market research and analysis. A member of BSE, NSE and MCX, the company offers trading across equity, derivatives, currency and commodities through CTCL terminals, web and mobile platforms.