The Board of Directors of First Custodian Fund approved the unaudited standalone financial results for the quarter ended June 30, 2026, on August 13, 2026. The company reported a net loss of ₹11.33 lakh, compared to a net loss of ₹20.52 lakh in the corresponding quarter of FY25.

Total income for the quarter stood at ₹2.44 lakh, down from ₹-2.12 lakh in Q1FY25. This change was driven by a decline in net sales/income from operations, which fell to ₹0.81 lakh from ₹1.03 lakh. However, other operating income improved significantly to ₹1.63 lakh, reversing the negative balance of ₹-3.15 lakh recorded in the prior year period.

Financial Performance Overview

The company’s total expenses decreased to ₹13.77 lakh from ₹18.40 lakh in the previous quarter. Key expense movements included:

Finance costs remained stable at ₹0.12 lakh, slightly down from ₹0.18 lakh. Depreciation and amortisation expenses increased marginally to ₹2.73 lakh from ₹2.68 lakh. There were no exceptional or extraordinary items recorded during the period.

What the Numbers Show

The narrowing of the net loss is attributable to both revenue-side improvements and cost containment. While core operating income declined, the reversal in other operating income contributed positively to total income. Simultaneously, the company reduced its operational burn rate, with employee benefits and other expenses contracting by over 20% each. Despite these improvements, the company continues to operate at a loss, with total expenses exceeding total income by ₹11.33 lakh.

The results were reviewed by the Audit Committee and approved by the Board. Paresh D. Shah & Co., Chartered Accountants, issued a limited review report stating that nothing came to their attention to suggest the financial statements do not comply with applicable accounting standards or SEBI LODR Regulations. The company operates within a single business segment: Stock Broking & Trading in shares.

The First Custodian Fund (India) Ltd reported a net loss of ₹27.17 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹173.96 lakh recorded in the previous year. The company’s total income from operations declined significantly to ₹47.21 lakh in FY26 from ₹304.60 lakh in FY25, driven by a substantial reduction in other operating income. The board of directors approved the audited annual financial results during a meeting held on May 29, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹4.75 lakh, compared to a net profit of ₹0.85 lakh in the same quarter of the previous year. Total income for the quarter stood at ₹13.28 lakh, while total expenses amounted to ₹16.91 lakh. The basic earnings per share (EPS) for the year was reported at -1.81, compared to 11.60 in the prior year.

Financial Performance

The decline in financial performance was largely attributed to a drop in other operating income, which fell to ₹27.76 lakh in FY26 from ₹293.79 lakh in FY25. Other income for the year stood at ₹16.54 lakh, compared to nil in the previous year. Total expenses for FY26 were ₹73.26 lakh, a decrease from ₹84.95 lakh in the prior year, primarily due to lower other expenses.

Board Approvals and Disclosures

The board approved the re-appointment of M/s. P. C. Shah & Co., Practicing Company Secretaries, as Secretarial Auditors for the term 2026–27. The company also filed the necessary documents pursuant to Regulation 33(3) and Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The statutory auditors, M/s. Paresh D. Shah & Co., Chartered Accountants, issued an unmodified audit report on the standalone financial results. The company’s assets as of March 31, 2026, totaled ₹151.96 crore, with investments constituting a significant portion of the current assets at ₹105.86 crore.