Keynote Financial Services posted a strong quarterly performance for the period ended June 30, 2026, with its standalone net profit more than doubling year-on-year. The company recorded a standalone net profit of ₹773.17 lakh after tax, a significant improvement from the ₹366.69 lakh profit reported in the corresponding quarter of FY25. This result also marks a sharp recovery from the standalone net loss of ₹430.44 lakh incurred in the preceding quarter (Q4FY25).

Consolidated figures showed robust top-line growth. Total income from operations on a consolidated basis rose 20% year-on-year to ₹1,994.14 lakh, up from ₹1,659.50 lakh in Q1FY25. However, consolidated profitability saw a slight contraction, with net profit after tax declining 8% to ₹1,158.49 lakh from ₹1,256.22 lakh in the same period last year.

The Board of Directors, in a meeting held on August 13, 2026, approved the unaudited financial results. The statutory auditors have carried out a limited review of the results as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Highlights

What the Numbers Show

The divergence between standalone and consolidated results highlights the impact of subsidiaries on overall profitability. While the standalone entity achieved a 124% surge in revenue and doubled its net profit, the consolidated group saw revenue grow at a more moderate 20% pace. Notably, the consolidated net profit declined despite higher revenue, suggesting that operating expenses or other income items within the group structure may have offset the top-line gains during the quarter. The standalone segment, however, demonstrated clear operational efficiency, turning a Q4FY25 loss into a substantial profit in Q1FY26.

Keynote Financial Services Limited reported a consolidated net loss of ₹768.95 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹665.88 lakh recorded in the previous year. The board of directors, at its meeting held on May 29, 2026, approved the audited standalone and consolidated financial results and recommended a dividend of ₹1 per equity share for FY26, subject to shareholder approval.

The standalone financial results for FY26 show a net loss of ₹165.96 lakh, compared to a net profit of ₹373.30 lakh in FY25. Total income for the year stood at ₹717.02 lakh, a decrease from ₹1,063.43 lakh in the previous year. The company reported an exceptional item of ₹35.44 lakh related to the incremental impact of new Labour Codes implemented by the Government of India.

Key Financial Figures (Consolidated)

Governance and Appointments

The board approved the re-appointment of Mrs. Rinku Suchanti as an Executive Director for a term of three years effective from July 1, 2026, to June 30, 2029, subject to shareholder approval. Mrs. Rinku Suchanti is the spouse of Mr. Vineet Suchanti, Managing Director and Chief Financial Officer of the company.

Consequent upon the completion of the term of SMSR & Co., LLP, the board appointed M/s. V K Beswal & Associates, Chartered Accountants, as the new Statutory Auditors for a term of five years, commencing from the conclusion of the 33rd Annual General Meeting until the conclusion of the 38th AGM. The firm's appointment is subject to the approval of the shareholders.

Additionally, the board re-appointed R. B. Pandya & Co. Chartered Accountants as the Internal Auditor for the financial year 2026-2027. The statutory auditors, SMSR & Co. LLP, issued an unmodified opinion on the standalone and consolidated financial results.