Global Capital Markets reported a net profit of ₹55.17 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a significant turnaround from the net loss of ₹192.52 lakh recorded in the preceding quarter. The company’s total revenue from operations stood at ₹107.55 lakh, down 6.4% compared to ₹114.91 lakh in the corresponding period of FY26. This performance reflects a stabilization in earnings despite a slight dip in top-line growth, driven primarily by gains from trading in shares and futures and options (FNO) segments.

The Board of Directors, chaired by Inder Chand Baid, approved the unaudited standalone financial results in a meeting held on August 10, 2026. The results were submitted to BSE Limited and The Calcutta Stock Exchange Limited in compliance with Regulation 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Maheshwari and Co., the statutory auditors, issued a limited review report on the financial statements.

Financial Performance Highlights

The company’s total income for the quarter was ₹120.41 lakh. Interest income contributed ₹42.80 lakh, while dividend income added ₹0.40 lakh. A significant portion of the revenue came from other sources, specifically gains from trading in shares and FNO segments, which amounted to ₹64.35 lakh. In contrast, the preceding quarter saw negative revenue from the sale of shares, totaling ₹81.30 lakh.

Total expenses for Q1FY27 were ₹75.42 lakh, a substantial decrease from ₹129.21 lakh in the previous quarter. This reduction was largely due to a lower expected credit loss provision of ₹53.98 lakh, compared to ₹80.69 lakh in the prior period. Employee benefit expenses also decreased to ₹6.57 lakh from ₹15.29 lakh.

What the Numbers Show

The shift from a significant loss to profitability in Q1FY27 is primarily attributable to the reduction in expected credit losses rather than operational revenue growth. While revenue from operations declined slightly year-on-year, the expense side saw a marked improvement, with expected credit losses dropping by nearly ₹27 lakh compared to the previous quarter. Additionally, the company reported a positive other comprehensive income of ₹35.71 lakh, driven by fair value changes on instruments carried at fair value through other comprehensive income (FVTOCI). However, the statutory auditors noted in their limited review report that interest income was not recognized on outstanding advances due to insufficient information, highlighting a potential area of monitoring for investors.

Global Capital Markets reported a net loss of ₹192.52 lakh for the quarter ended March 31, 2026, a significant decline from the profit of ₹45.04 lakh recorded in the preceding quarter ended December 31, 2025. For the financial year ended March 31, 2026, the company reduced its net loss to ₹13.74 lakh compared to a net loss of ₹85.11 lakh in the previous year. Total revenue from operations for the quarter stood at a negative ₹83.60 lakh, primarily due to a loss of ₹81.30 lakh from the sale of shares and negative interest income of ₹2.44 lakh.

The Board of Directors approved the audited financial results on May 26, 2026. The audit was conducted by the statutory auditors, Maheshwari & Co., who provided an unmodified opinion on the financial results. The company operates in a single business segment, Finance & Investments, as per Indian Accounting Standard (IndAS) 108.

Financial Performance

The company’s financial performance for the quarter and year ended March 31, 2026, is summarised below:

Auditor Observations

Maheshwari & Co. included an Emphasis of Matter paragraph in its report, drawing attention to specific areas in the financial results. The auditors noted that the balance in the account of loans and advances is subject to confirmation and reconciliation. Additionally, the company holds dormant bank accounts with Kotak Mahindra Bank and ICICI Bank containing a balance of ₹0.12 lakh.

The auditors further observed that interest income was not recognised on outstanding advances amounting to ₹563.24 lakh and outstanding loans amounting to ₹409.52 lakh due to the absence of documents required to crystallise the interest rates. The management stated that discussions are underway to recover these amounts. The auditors relied on the management's representation for these treatments and disclosures.