Key Financial Figures (Standalone)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Total Income: ₹25,925.11 lakhs
  • Profit Before Tax: ₹1,198.31 lakhs
  • Profit After Tax: ₹948.14 lakhs
  • Basic & Diluted EPS: ₹0.45

Quarter Ended June 30, 2026 (Q1 FY27):

  • Total Income: ₹28,006.70 lakhs
  • Profit Before Tax: ₹3,161.34 lakhs
  • Profit After Tax: ₹2,511.92 lakhs
  • Basic & Diluted EPS: ₹1.20

Quarter Ended September 30, 2025 (Q2 FY26):

  • Total Income: ₹21,788.46 lakhs
  • Profit Before Tax: ₹842.89 lakhs
  • Profit After Tax: ₹634.20 lakhs
  • Basic & Diluted EPS: ₹0.30

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

  • Total Income: ₹53,931.81 lakhs
  • Profit Before Tax: ₹4,359.65 lakhs
  • Profit After Tax: ₹3,460.06 lakhs
  • Basic & Diluted EPS: ₹1.65

Half Year Ended September 30, 2025 (H1 FY26):

  • Total Income: ₹47,314.21 lakhs
  • Profit Before Tax: ₹3,619.30 lakhs
  • Profit After Tax: ₹2,917.53 lakhs
  • Basic & Diluted EPS: ₹1.39

Year Ended March 31, 2026 (FY26):

  • Total Income: ₹99,853.60 lakhs
  • Profit Before Tax: ₹10,089.81 lakhs
  • Profit After Tax: ₹8,131.68 lakhs
  • Basic & Diluted EPS: ₹3.88

Revenue Breakdown (Standalone, H1 FY27)

  • Interest Income: ₹15,452.93 lakhs
  • Dividend Income: ₹12.21 lakhs
  • Fee and Commission Income: ₹23,931.69 lakhs
  • Net Gain on Fair Value Changes: ₹506.72 lakhs
  • Net Gain on Proprietary Trading: ₹13,104.21 lakhs
  • Other Income: ₹924.05 lakhs

Expense Breakdown (Standalone, H1 FY27)

  • Finance Cost: ₹8,894.91 lakhs
  • Fees and Commission Expense: ₹22,081.49 lakhs
  • Impairment on Financial Instruments: ₹66.24 lakhs
  • Employee Benefits Expenses: ₹13,271.96 lakhs
  • Depreciation and Amortization: ₹790.13 lakhs
  • Other Expenses: ₹4,467.43 lakhs

Key Balance Sheet Items (Standalone, as of September 30, 2026)

  • Total Assets: ₹4,43,716.94 lakhs
  • Financial Assets: ₹4,36,371.35 lakhs (including Cash & Cash Equivalents: ₹970.53 lakhs, Bank Balances: ₹2,09,129.95 lakhs)
  • Non-Financial Assets: ₹7,345.59 lakhs
  • Total Liabilities: ₹3,43,913.03 lakhs
  • Equity Share Capital: ₹4,188.00 lakhs
  • Other Equity: ₹99,803.91 lakhs

Cash Flow (Standalone, H1 FY27)

  • Net Cash Used in Operating Activities: ₹(11,218.96) lakhs
  • Net Cash Used in Investing Activities: ₹(2,285.22) lakhs
  • Net Cash from Financing Activities: ₹9,192.71 lakhs
  • Net Decrease in Cash: ₹(4,311.47) lakhs
  • Cash at Beginning: ₹5,282.00 lakhs
  • Cash at End: ₹970.53 lakhs

Consolidated Financial Highlights

Half Year Ended September 30, 2026:

  • Total Income: ₹1,05,046.33 lakhs
  • Profit Before Tax: ₹8,445.70 lakhs
  • Profit After Tax: ₹6,496.23 lakhs
  • Total Comprehensive Income: ₹6,716.76 lakhs
  • Basic & Diluted EPS: ₹3.08

As of September 30, 2026:

  • Total Assets: ₹5,70,064.53 lakhs
  • Total Liabilities: ₹4,38,436.50 lakhs
  • Equity: ₹1,35,804.34 lakhs (including Non-Controlling Interest: ₹227.69 lakhs)

Significant Post-Quarter Events

1. NCD Issuance: The company filed a prospectus on September 28, 2026, for a public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a base issue size of ₹7,500 lakhs and green shoe option of ₹7,500 lakhs (total ₹15,000 lakhs). The issue opened on October 5, 2026, pre-closed on October 9, 2026, and was fully subscribed. NCDs worth ₹15,000 lakhs were allotted on October 13, 2026, and listed on BSE on October 14, 2026.

2. Preferential Warrant Issue: The Board on October 14, 2026, approved issuing up to 1,00,00,000 fully convertible warrants to non-promoter category at ₹106 per warrant, aggregating ₹10,600 lakhs. Each warrant is convertible into one equity share of ₹2 face value. Upon full conversion, the paid-up capital would increase from 20,94,00,000 shares to 21,94,00,000 shares. This is subject to shareholder and regulatory approvals.

Capital Structure History

  • On November 17, 2025, the company allotted 10,47,00,000 bonus shares of ₹2 each
  • Current paid-up equity share capital: ₹4,188.00 lakhs (20,94,00,000 shares of ₹2 each)

Auditor Review

  • Limited review conducted by P.C. Bindal & Co., Chartered Accountants
  • Unmodified conclusion on both standalone and consolidated results
  • Consolidated results include 9 subsidiaries

Segment Reporting

The company operates in three reportable segments:

1. Broking, Distribution and Trading: H1 FY27 Revenue - ₹60,458.33 lakhs, Profit - ₹13,038.21 lakhs

2. Insurance Broking Services: H1 FY27 Revenue - ₹36,106.48 lakhs, Profit - ₹614.29 lakhs

3. Financing Activities: H1 FY27 Revenue - ₹10,848.52 lakhs, Profit - ₹6,378.00 lakhs