Key Financial Highlights (H1 FY27 Consolidated)
- Total Income: ₹869.07 Cr
- EBITDA: ₹24.47 Cr
- EBITDA Margin: 2.82%
- PAT: ₹13.60 Cr
- PAT Margin: 1.56%
- EPS: ₹3.55
Operational Metrics
- Trading volumes handled: ₹73,363 Cr across equity, F&O and commodity segments
- Margin Trading Facility (MTF) interest income: ₹0.93 Cr (already exceeding full FY26 MTF income of ₹0.76 Cr)
- Advisory fees: ₹3.15 Cr (new income stream)
- Net worth as of September 30, 2026: ₹259.06 Cr
Business Segments and Operations
Broking Services: Offers equity and derivatives trading with competitive brokerage rates and personalized service. Client retention rate exceeds 99%.
Market Making: Specializes in IPO support, working with 40-45 issuers in the previous year, providing liquidity and demand generation through extensive distribution network.
Proprietary Trading: Algorithm-driven arbitrage, delta hedging and short-term trading strategies with automated risk-management systems targeting mid-teens annual returns.
Technology and Expansion Initiatives
- Launched paperless KYC and account-opening portal
- Online trading app is live
- Plans to introduce online joint-account opening platform
- Marketing and compliance functions being set up to support growth
- Expansion plans beyond Maharashtra and Gujarat through digital channels and franchise partnerships
Historical Context
- Company listed on BSE SME platform on January 22, 2025, with IPO of ₹88.82 Cr
- FY26 consolidated performance: Total Income ₹1991.62 Cr, EBITDA ₹32.53 Cr, PAT ₹18.96 Cr
Management Commentary
Mr. Hitesh Lakhani, Chairman & Managing Director, stated that H1 FY27 was "a period of steady progress" despite market volatility. The company remains focused on strengthening its platform, improving operational efficiencies, and maintaining disciplined approach toward long-term growth and value creation.