Indo Thai Securities Limited reported its highest-ever standalone net profit for the financial year ended March 31, 2026. The company posted a profit after tax of ₹668.6 crore, a significant increase from the ₹91.1 crore recorded in the previous fiscal year.

The substantial growth in profitability was primarily driven by a sharp rise in fair value changes on financial instruments held for trade and investments. Total revenue from operations surged to ₹1,034.7 crore in FY26, compared to ₹267.2 crore in FY25. This expansion was largely attributable to a net gain on fair value changes of ₹787.7 crore, up from ₹87.8 crore in the prior year.

What the Numbers Show

The composition of the company's income reveals a heavy reliance on market-linked valuation gains rather than operational fee income. While brokerage income remained relatively stable at ₹106.3 crore (compared to ₹100.6 crore in FY25), the net gain on fair value changes contributed approximately 76% of the total revenue from operations. This indicates that the reported profit surge is driven by capital appreciation in the company's proprietary trading book and investment portfolio rather than an expansion in core broking volumes or client acquisition fees.

Consolidated Performance

On a consolidated basis, which includes subsidiaries such as Indo Thai Realty Limited and Femto Green Hydrogen Limited, the group reported a total revenue of ₹1,042.6 crore. Consolidated net profit stood at ₹661.6 crore, compared to ₹78.9 crore in FY25. The subsidiaries contributed modestly to the top line, with total subsidiary turnover amounting to less than ₹0.1 crore, highlighting that the parent company remains the primary revenue generator within the group.

Dividend and Capital Structure

The Board of Directors recommended a final dividend of ₹0.10 per equity share, representing a 10% payout on the face value of ₹1. The dividend payout is subject to shareholder approval at the upcoming Annual General Meeting.

During the year, the company executed a stock split, subdividing each equity share of face value ₹10 into ten shares of face value ₹1. Additionally, the company fully divested its stake in Indo Thai Commodities Private Limited, which ceased to be an associate company effective May 19, 2025.

Strategic Developments

Indo Thai Securities received No Objection Certificates from both the National Stock Exchange and BSE for its proposed scheme of demerger. The plan involves separating the Broking and Distribution business into a new entity, Indo Thai Financial Services Limited. The company also amended its Memorandum of Association to include activities related to Alternative Investment Funds (AIFs) and fund management.

Indo Thai Securities has published newspaper advertisements to notify stakeholders of an upcoming hearing before the National Company Law Tribunal (NCLT). The tribunal is scheduled to hear the company’s petition for a Scheme of Arrangement on September 24, 2026.

The proposed scheme involves a demerger between Indo Thai Securities Limited and Indo Thai Financial Services Limited, along with their respective shareholders. The NCLT, Indore Bench, admitted the joint petition filed on July 31, 2026, and issued directions for the hearing in an order dated August 5, 2026.

Regulatory Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indo Thai Securities disclosed the publication of these notices on August 17, 2026. The advertisements appeared in:

• Free Press Journal in all editions of Madhya Pradesh in English
• Choutha Sansar in all editions of Madhya Pradesh in Hindi

The hearing is fixed for 10:30 am at Court No. 1, Indore Bench. Stakeholders wishing to support or oppose the petition must submit their intentions to the petitioner companies or the Principal Company Secretary (PCS) at least two days before the hearing date. Those opposing the scheme must file grounds of opposition and affidavits with the NCLT and serve copies to the petitioners within the same timeframe.

What the Numbers Show

The source document provides procedural details for the corporate action but contains no financial metrics, order inflows, or balance sheet data for either entity. Consequently, no analytical observation regarding financial performance or structural changes can be derived from the provided filing.