Date: Not Specified [Presentation covers period ended 30th September 2026]
Financial Results (Standalone & Consolidated)
Consolidated Results (Rs. in Lakhs)
Quarter Ended 30.09.2026 (Q2 FY27):
- Total income from operations (Net): ₹5,781
- Net Profit before tax: ₹1,719
- Net Profit after tax: ₹1,313
- Total Comprehensive Income: ₹1,313
- Basic and Diluted EPS: ₹0.96
Quarter Ended 30.06.2026 (Q1 FY27):
- Total income from operations (Net): ₹5,626
- Net Profit before tax: ₹-308
- Net Profit after tax: ₹-489
- Total Comprehensive Income: ₹-489
- Basic and Diluted EPS: ₹(0.36)
Quarter Ended 30.09.2025 (Q2 FY26):
- Total income from operations (Net): ₹5,572
- Net Profit before tax: ₹1,937
- Net Profit after tax: ₹1,448
- Total Comprehensive Income: ₹1,448
- Basic and Diluted EPS: ₹1.06
Half Year Ended 30.09.2026 (H1 FY27):
- Total income from operations (Net): ₹11,407
- Net Profit before tax: ₹1,411
- Net Profit after tax: ₹824
- Total Comprehensive Income: ₹824
- Basic and Diluted EPS: ₹0.60
Half Year Ended 30.09.2025 (H1 FY26):
- Total income from operations (Net): ₹8,907
- Net Profit before tax: ₹3,324
- Net Profit after tax: ₹2,494
- Total Comprehensive Income: ₹2,494
- Basic and Diluted EPS: ₹1.83
Standalone Results (Rs. in Lakhs)
Quarter Ended 30.09.2026 (Q2 FY27):
- Total income from operations (Net): ₹2,471
- Net Profit before tax: ₹1,387
- Net Profit after tax: ₹1,214
- Total Comprehensive Income: ₹1,214
- Basic and Diluted EPS: ₹0.89
Quarter Ended 30.06.2026 (Q1 FY27):
- Total income from operations (Net): ₹358
- Net Profit before tax: ₹-705
- Net Profit after tax: ₹-619
- Total Comprehensive Income: ₹-619
- Basic and Diluted EPS: ₹(0.45)
Quarter Ended 30.09.2025 (Q2 FY26):
- Total income from operations (Net): ₹3,916
- Net Profit before tax: ₹2,426
- Net Profit after tax: ₹1,799
- Total Comprehensive Income: ₹1,799
- Basic and Diluted EPS: ₹1.32
Capital Structure:
- Equity Share Capital: ₹1,365 Lakhs (consistent across all periods)
- Reserves (previous year audited): Consolidated ₹30,020 Lakhs, Standalone ₹22,886 Lakhs
Key Highlights for Q2 FY27 & H1 FY27
Performance Context:
- Q2 FY27 total income: ₹56.04 Cr vs ₹55.72 Cr in Q2 FY26 (+0.5% YoY)
- Q2 FY27 total income: ₹56.04 Cr vs ₹28.02 Cr in Q1 FY27 (+102% QoQ)
- H1 FY27 total income: ₹84.06 Cr vs ₹89.07 Cr in H1 FY26 (-6% YoY)
- Q2 FY27 net profit: ₹17.18 Cr vs ₹19.37 Cr in Q2 FY26 (-11.31% YoY)
- Q2 FY27 net profit: ₹17.18 Cr vs ₹-3.08 Cr in Q1 FY27 (+658% QoQ)
- H1 FY27 net profit: ₹14.11 Cr vs ₹33.24 Cr in H1 FY26 (-57% YoY)
- Profit margin: 29% in Q2 FY27 vs 34% in Q2 FY26
Strategic Investments:
- Private Wealth business: Upfront investment in scaling platform including senior talent acquisition, technology enablement, and regulatory infrastructure
- These investments impacted short-term profitability but expected to drive sustainable revenue growth
Business Performance Highlights:
- Strong IB & ECM deal closures across products
- Wider IE client reach and landmark block trades
- 129 Corporate Access Interactions including roadshows, 1x1 meetings, expert calls, earnings calls, and plant/DC visits
- Milestone quarter for Asset Management with strong return profile since inception
- Growing assets and growing team
Group Overview & Business Verticals
Company Background:
- Diversified financial services firm established in 1985 by Mr. CP Khandelwal
- 40 years of industry experience with team of 330+ diverse professionals
Business Verticals:
1. Investment Banking: ₹4,139 Cr+ transactions, ₹42,000 Cr+ IB transactions executed/value
2. Equity Brokerage: 40,000+ clients, 62+ franchise network, ~330 stocks covered across 20+ sectors
3. Private Wealth: ~₹13,300 Cr Assets Under Management & Custody (as on 31st October 2026)
4. Asset Management: Comprehensive product offerings (PMS, AIF Category I, Non-Discretionary Advisory)
Management Team:
- Mr. Nikhil Khandelwal (Chairman & Managing Director): 18+ years experience, MBA from ISB Hyderabad & NYU Stern
- Mr. Sunil Sarda (Managing Director): 30+ years experience, oversees Brokerage, PCG, Retail, Operations
- Mr. Ratnadeep Acharyya (Managing Director & CEO - IB): 24+ years experience, previously with SBI Capital Markets
Asset Management Services:
- Category I AIF - India SME Growth Fund: Launched August 2025, ₹125 Cr size, fully subscribed
- Category II AIF - India Equity Opportunities Fund: Launched May 2026, ₹1,000 Cr size
- Category II AIF - Systematix Real Estate Fund: Proposed October 2026, ₹1,000 Cr size
- Category III AIF - India Select Equity Fund: Proposed October 2026, SEBI approval received
- PMS Offerings: Portfolio PMS with ~₹207 Cr AUM, 3-year CAGR of 20.6%, 5-year CAGR of 18.9%
Historical Performance
FY26 Benchmarking (5-year growth):
- Revenue CAGR: 21.60%
- Profits CAGR: 69.00%
- Networth CAGR: 32.30%
- RoE: 4%