Inani Securities Ltd reported a net profit of ₹7.96 lakh for the quarter ended September 30, 2026 (Q2FY27), marking a significant turnaround from the ₹1.95 lakh earned in the corresponding quarter of the previous year.

The brokerage firm’s revenue from operations grew 41% YoY to ₹35.63 lakh, up from ₹25.19 lakh in Q2FY26. Total income, including other income, stood at ₹49.84 lakh, compared to ₹41.36 lakh in the year-ago period. The company’s Earnings Per Share (EPS) improved to ₹0.17 on both basic and diluted bases, up from ₹0.04 in the same period last fiscal.

Financial Performance Overview

The improvement in bottom-line performance was driven by higher operating revenues and a reduction in total expenses. Employee benefits expense rose to ₹16.30 lakh in Q2FY27 from ₹10.24 lakh in Q2FY26, reflecting increased operational costs. However, this was offset by lower finance costs, which declined to ₹5.76 lakh from ₹7.47 lakh, and reduced other expenses, which fell to ₹12.60 lakh from ₹16.57 lakh.

Balance Sheet and Cash Flow Signals

The company’s cash and cash equivalents position saw a substantial decline during the half-year period ending September 30, 2026. Cash balances dropped to ₹189.23 lakh as of September 30, 2026, from ₹950.06 lakh as of March 31, 2026. This reduction correlates with significant outflows in operating activities, where net cash used was ₹751.34 lakh for H1FY27, compared to a positive inflow of ₹68.80 lakh in H1FY26.

Key balance sheet metrics indicate a stable debt profile with a Debt Equity Ratio of 0.13. The Interest Coverage Ratio for the quarter stood at 2.87, while the Debt Service Coverage Ratio was reported at 1.87.

What the Numbers Show

A notable divergence exists between the sharp rise in net profit and the negative operating cash flow. While net profit tripled YoY, the company recorded a net cash outflow of ₹751.34 lakh from operations in H1FY27. This discrepancy is largely driven by working capital changes, specifically a significant decrease in trade payables (outflow of ₹360.02 lakh) and an increase in other current assets (outflow of ₹326.42 lakh), which consumed liquidity despite the accounting profit growth.

Inani Securities Limited reported a net profit of ₹7.58 lakh for the financial year ended March 31, 2026, a significant decline of 87% compared to ₹57.11 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹108.23 lakh, down from ₹145.67 lakh in FY25. The board approved the audited financial results for the fourth quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

For the quarter ended March 31, 2026 (Q4FY26), the company posted a net profit of ₹0.23 lakh, a sharp decrease from ₹30.71 lakh in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 was ₹30.44 lakh, compared to ₹31.92 lakh in Q4FY25. Total revenue for the quarter fell to ₹45.98 lakh from ₹114.99 lakh in the same period last year.

Financial Performance

The statutory auditors, M/s. G.D. Upadhyay & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial results for the quarter and year ended March 31, 2026. The declaration was submitted in compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's total assets as of March 31, 2026, stood at ₹2,594.76 lakh, a decrease from ₹2,828.84 lakh in the previous year. Equity share capital remained unchanged at ₹471.66 lakh. The trading window for dealing in the company's securities remains closed for all designated persons and their immediate relatives until 48 hours after the declaration of the financial results.