Aryan Share & Stock Brokers reported a full-year net profit of ₹181.79 lakh for FY26, marking a significant turnaround from the ₹31.42 lakh loss recorded in FY25. The stock broking firm posted total income of ₹269.68 lakh, up from ₹121.27 lakh in the previous fiscal year.

The company’s revenue from operations grew to ₹99.17 lakh from ₹89.77 lakh in FY25. This growth was driven by rental income and fair value gains on investments. Total expenses contracted to ₹105.61 lakh, down from ₹134.24 lakh in the prior year, aiding the bottom-line recovery.

Financial Performance

The company's financial results for the year ended March 31, 2026, reflect improved operational efficiency and investment gains.

What the Numbers Show

The profitability surge was primarily driven by non-operating income rather than core brokerage activities. Other income jumped to ₹170.51 lakh from ₹31.50 lakh in FY25, constituting approximately 63% of total income. This figure includes a ₹170.20 lakh gain from equity derivatives. In contrast, revenue from operations, which includes interest, rental income, and fair value changes on investments, contributed only 37% of total income. While core expenses fell, the heavy reliance on derivative trading gains highlights a volatile earnings profile distinct from traditional brokerage fee structures.

Balance Sheet and Cash Flow

Total assets stood at ₹1,856.95 lakh as of March 31, 2026, an increase from ₹1,725.05 lakh in FY25. Investments remained the largest asset class at ₹1,741.09 lakh, representing roughly 94% of total assets. These include mutual funds, shares, and alternate investment funds.

Cash and cash equivalents increased to ₹15.52 lakh from ₹3.80 lakh in the previous year. The company generated ₹216.91 lakh from operating activities, offset by ₹205.18 lakh deployed in investing activities, primarily for purchasing investments. The firm had no borrowings during the period.

Corporate Governance and AGM

The Board of Directors has scheduled the 31st Annual General Meeting for September 26, 2026, to be held via Video Conferencing or Other Audio Visual Means (OAVM). Key agenda items include:

• Re-appointment of Shanmukh Navin Shah as Managing Director for three years effective October 1, 2026.
• Re-appointment of Manoj Navin Shah and Paresh Navin Shah as Whole-time Directors for three years.
• Adoption of audited financial statements for FY26.

No dividend has been recommended for FY26. The secretarial audit report noted a compliance lapse regarding the appointment of a qualified company secretary as compliance officer for Q4FY26, resulting in a BSE fine of ₹62,540 including GST. The company has since rectified the issue.

Aryan Share & Stock Brokers reported a net profit of ₹25.32 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a sharp recovery from the net loss of ₹47.61 lakh recorded in the preceding quarter. The positive result was driven by a reversal in fair value gains and robust other income, signaling improved financial health for the stock broking firm. This performance contrasts with the wider volatility seen in earlier periods, where the company had posted a profit of ₹116.08 lakh in Q1FY26.

The Board of Directors approved the unaudited financial results and the limited review report during a meeting held on August 7, 2026. The statutory auditors, Ramesh and Ramachandran Chartered Accountants, issued an unmodified opinion on the quarterly results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) on Interim Financial Reporting.

Financial Performance Highlights

Revenue from operations stood at ₹32.81 lakh for Q1FY27, compared to a negative revenue position of ₹7.87 lakh in Q4FY26. The improvement was largely attributable to net gains on fair value changes, which swung from a loss of ₹12.64 lakh in the previous quarter to a gain of ₹28.01 lakh. Rental income remained stable at ₹4.80 lakh. Total income for the quarter reached ₹54.83 lakh, up significantly from ₹1.68 lakh in Q4FY26.

Expenses remained controlled at ₹25.25 lakh, down slightly from ₹26.68 lakh in Q4FY26. Employee benefits expenses were ₹11.79 lakh, while other expenses decreased to ₹13.07 lakh from ₹15.19 lakh in the prior quarter. Deferred tax expenses were recorded at ₹4.26 lakh.

What the Numbers Show

The primary driver of the profitability turnaround is non-operational in nature. While revenue from operations improved due to fair value gains, the core operational revenue streams such as fee and commission income were nil for the quarter, having contributed ₹80.09 lakh only in the full year FY26. This indicates that the current quarter's profit is heavily reliant on investment valuation changes and other income rather than recurring brokerage or service fees. Investors should monitor whether these fair value gains are sustainable or subject to market volatility.

Corporate Governance and AGM Details

Alongside the financial results, the Board approved the re-appointment of three key directors for a three-year term, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The directors include Shanmukh Navin Shah as Managing Director, and Paresh Navin Shah and Manoj Navin Shah as Whole-time Directors.

The company has scheduled its 31st Annual General Meeting for September 26, 2026, to be conducted via Video Conferencing/Other Audio Visual Means. The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 26, 2026. E-voting will commence on September 23, 2026, and conclude on September 25, 2026. Ms. Vishakha Agrawal has been appointed as the Scrutinizer for the e-voting process.