Modern Shares & Stockbrokers Reports Q4 FY26 Audited Financial Results; Full-Year Net Profit After Tax at Rs. 19.84 Lacs
Modern Shares & Stockbrokers Limited reported a net loss after tax of Rs. 6.20 lacs for Q4 FY26, compared to a net loss of Rs. 4.85 lacs in Q4 FY25, with total income from operations at Rs. 73.47 lacs for the quarter. For the full year ended March 31, 2026, net profit after tax stood at Rs. 19.84 lacs, down from Rs. 22.09 lacs in FY25, while total income from operations declined to Rs. 358.65 lacs from Rs. 370.53 lacs. The results were approved by the Board of Directors on May 8, 2026, with statutory auditors issuing an unmodified audit opinion, and were filed under Regulation 33 of the SEBI (LODR) Regulations, 2015.

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Modern Shares & Stockbrokers Limited has released its audited standalone financial results for the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 8, 2026, with the statutory auditors issuing an unmodified audit opinion on the results.
Quarterly Performance: Q4 FY26
For the quarter ended March 31, 2026, the company reported a net loss after tax of Rs. 6.20 lacs, marginally wider than the net loss of Rs. 4.85 lacs recorded in the corresponding quarter of the previous year. On a sequential basis, the net loss also widened from Rs. 4.78 lacs in the quarter ended December 31, 2025. Total income from operations (net) for Q4 FY26 stood at Rs. 73.47 lacs, compared to Rs. 78.47 lacs in Q4 FY25 and Rs. 82.57 lacs in Q3 FY26. Total comprehensive income for the quarter was Rs. (12.39) lacs, compared to Rs. (14.29) lacs in Q4 FY25.
The following table summarises the key quarterly financial metrics (Rs. in Lacs):
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) |
|---|---|---|---|
| Total Income from Operations (Net): | 73.47 | 82.57 | 78.47 |
| Net Profit/(Loss) before Tax & Exceptional Items: | (8.61) | (3.96) | 1.69 |
| Net Profit/(Loss) after Tax: | (6.20) | (4.78) | (4.85) |
| Total Comprehensive Income: | (12.39) | (6.33) | (14.29) |
| Basic EPS (Rs., not annualised): | (0.42) | (0.22) | (0.49) |
| Diluted EPS (Rs., not annualised): | (0.42) | (0.22) | (0.49) |
Full-Year Performance: FY26 vs FY25
For the full financial year ended March 31, 2026, the company reported net profit after tax of Rs. 19.84 lacs, a decline from Rs. 22.09 lacs in FY25. Total income from operations (net) for FY26 stood at Rs. 358.65 lacs, compared to Rs. 370.53 lacs in FY25. Total comprehensive income for the year was Rs. 23.51 lacs, up from Rs. 16.34 lacs in the prior year. The full-year basic and diluted earnings per share (of Rs. 10/- each, not annualised) stood at Rs. 0.80, compared to Rs. 0.56 in FY25.
The following table presents the full-year financial comparison (Rs. in Lacs):
| Metric: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Total Income from Operations (Net): | 358.65 | 370.53 |
| Net Profit/(Loss) before Tax & Exceptional Items: | 31.49 | 40.23 |
| Net Profit after Tax: | 19.84 | 22.09 |
| Total Comprehensive Income: | 23.51 | 16.34 |
| Basic EPS (Rs., not annualised): | 0.80 | 0.56 |
| Diluted EPS (Rs., not annualised): | 0.80 | 0.56 |
Capital Structure
The paid-up equity share capital of the company remained unchanged at Rs. 293.11 lacs (face value Rs. 10 per share) across all reported periods. Other equity (excluding revaluation reserves), as shown in the balance sheet of the previous year, stood at Rs. 980.63 lacs for FY25.
Regulatory Compliance
The audited financial results were filed with the stock exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the quarterly financial results is available on the company's website at www.modernshares.com and on the stock exchange's website at www.bseindia.com . The results were signed on behalf of the Board of Directors by G. Shewakramani (Director, DIN: 00413343) and Anil S. Manghani (Whole Time Director, DIN: 00012806), and the newspaper extracts were published on May 9, 2026 in The Free Press Journal (English) and Navshakti (regional language), pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Modern Shares & Stockbrokers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -9.65% | -11.22% | +3.23% | -26.32% | -30.20% | +413.55% |
What strategic initiatives is Modern Shares & Stockbrokers planning to reverse the declining revenue trend and return to profitability in Q1 FY27?
How might increasing competition from discount brokers and fintech platforms impact Modern Shares & Stockbrokers' ability to grow its brokerage income in FY27?
Will the company consider capital raising or restructuring measures given the consecutive quarterly losses and declining operating income trajectory?

































