Nam Securities Limited reported a sharp decline in profitability for the financial year ended March 31, 2026, with net profit falling 62% year-on-year to ₹13.57 crore. The downturn was driven by heavy market fluctuations and lower trading volumes, which reduced total revenue by 39% to ₹4,053.11 crore.

The company’s Board of Directors concluded its meeting on September 5, 2026, approving the annual report and notice for the 32nd Annual General Meeting (AGM). The session will be held on September 30, 2026, at Kiran Farms, New Delhi, to transact ordinary and special business items.

Financial Performance Overview

The stock broking firm faced challenging market conditions during FY26, particularly in the final week of March 2026, when stock prices fell heavily due to oil scarcity and geopolitical tensions. This volatility wiped out major profits, impacting the bottom line significantly compared to the previous year.

Despite the decline in earnings, the company maintained a strong balance sheet with total assets at ₹1,179.45 crore. Cash and cash equivalents stood at ₹5.01 crore, while securities for trade increased to ₹677.71 crore from ₹504.85 crore in the previous year. The board deferred any dividend recommendation for FY26.

AGM Agenda and Governance Updates

The AGM will focus on adopting the audited financial statements and approving key personnel appointments. Mrs. Kiran Goyal, Managing Director, retires by rotation and offers herself for re-appointment.

A special resolution will seek shareholder approval for the appointment of Mr. Pradeep Kumar as Executive Director for a five-year term from May 27, 2026, to May 26, 2031. Kumar, who was initially appointed as an Additional Director in May 2026, brings over 18 years of experience in the securities market and holds multiple NISM certifications.

Other key appointments include:

• M/S Satya Prakash Garg & Co. as Statutory Auditor for five years.
• M/S N S & Associates as Secretarial Auditor for five financial years.
• Mr. Raj K Sri & Co as Internal Auditor.

What the Numbers Show

The divergence between revenue decline (-39%) and profit collapse (-62%) highlights the operating leverage inherent in the stock broking business. While revenue dropped significantly due to lower trading activity, fixed costs such as employee benefits (₹87.28 crore) and other expenses (₹79.02 crore) remained relatively stable, compressing margins further. The company’s decision to sell land assets worth ₹41.94 crore during the year suggests a strategic move to optimize asset utilization amidst subdued operational returns.

Nam Securities returned to profitability in the first quarter of FY26, reporting a net profit of ₹20.08 lakh for the period ended June 30, 2026. This marks a significant recovery from the net loss of ₹25.21 lakh posted in the quarter ended March 31, 2026. The company’s financial performance was bolstered by a sharp rise in revenue from operations, which reached ₹2572.97 lakh during the quarter.

The board of directors approved the unaudited standalone financial results along with the limited review report at a meeting held on July 17, 2026. The meeting commenced at 05:00 PM and concluded at 05:30 PM. The results were reviewed by the statutory auditors, Satya Prakash Garg & Co., who issued an unmodified opinion pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Total revenue for Q1FY26 stood at ₹2573.89 lakh, a substantial increase compared to ₹1186.70 lakh in the corresponding quarter of the previous year. This growth was primarily driven by net sales and income from operations. Other income, however, declined to ₹0.92 lakh from ₹2.61 lakh in the year-ago period.

Total expenses for the quarter amounted to ₹2550.66 lakh. The largest component was the purchase of stock-in-trade, which accounted for ₹2479.95 lakh. Changes in inventories of stock-in-trade positively impacted the bottom line by ₹11.60 lakh. Employee benefit expenses and depreciation were recorded at ₹15.83 lakh and ₹3.25 lakh, respectively.

Profit before tax for the quarter was ₹23.23 lakh, compared to ₹19.59 lakh in the same period last year. The company provided a tax expense of ₹3.15 lakh during the quarter. Earnings per share (EPS) for continuing operations improved to ₹0.37 on a basic and diluted basis, up from ₹0.29 in Q1FY25.

Financial Highlights for Q1FY26

The unaudited financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standard (Ind AS) 34. The audit committee reviewed the results and recommended their adoption to the board. The company is primarily engaged in the business of broking and financial services and does not have any separate reportable segments as per Ind AS 108.