Photon Capital Advisors returns to profitability in FY26
Photon Capital Advisors Limited returned to profitability in FY26 with a net profit of ₹88.88 lakh, compared to a net loss of ₹50.64 lakh in the previous year. Revenue from operations reached ₹144 lakh, while total income increased to ₹172.64 lakh. For Q4FY26, net profit stood at ₹120.19 lakh. The Board approved the audited financial results on May 29, 2026.

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Photon Capital Advisors Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹88.88 lakh compared to a net loss of ₹50.64 lakh in the previous year. The turnaround was driven by revenue from operations, which totaled ₹144 lakh for the year, up from zero in FY25. Total income for the year rose to ₹172.64 lakh from ₹24.54 lakh in the prior year, while total expenses increased to ₹64.50 lakh from ₹50.59 lakh.
For the quarter ended March 31, 2026, the company reported a net profit of ₹120.19 lakh, a significant increase from the net loss of ₹31.43 lakh in the same quarter of the previous year. Revenue from operations for the quarter was ₹144 lakh, compared to nil in the corresponding period last year. Total income for Q4FY26 stood at ₹157.37 lakh, while total expenses were ₹17.92 lakh.
The Board of Directors, in its meeting held on May 29, 2026, approved the annual audited financial statements for FY26 and the audited financial results for the quarter ended March 31, 2026. The meeting commenced at 3:00 p.m. and concluded at 5:10 p.m. on the same day. The financial results were reviewed by the Audit Committee and are prepared in accordance with Ind AS prescribed under Section 133 of the Companies Act, 2013, and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
M. Anandam & Co., Chartered Accountants, issued an Independent Auditor's Report on the quarterly and year-to-date audited financial results. The report states that the financial results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013.
The paid-up equity share capital of the company increased to ₹272.07 lakh as of March 31, 2026, from ₹151.37 lakh in the previous year. Basic Earnings Per Share (EPS) for FY26 was reported at ₹5.73, compared to a loss of ₹3.35 per share in FY25. For the quarter ended March 31, 2026, Basic EPS stood at ₹7.24.
Financial Performance Summary
| Particulars | Year Ended 31-Mar-26 (₹ in Lakhs) | Year Ended 31-Mar-25 (₹ in Lakhs) |
|---|---|---|
| Income | ||
| Revenue from Operations | 144.00 | - |
| Interest Income | 28.46 | 24.40 |
| Other Income | 0.18 | 0.14 |
| Total Income | 172.64 | 24.54 |
| Expenses | ||
| Employee Benefits Expense | 38.27 | 33.71 |
| Finance Costs | 0.23 | 0.41 |
| Depreciation | 2.66 | 2.66 |
| Other Expenses | 23.33 | 13.81 |
| Total Expenses | 64.50 | 50.59 |
| Profit / (Loss) | ||
| Profit Before Tax | 108.14 | (26.05) |
| Tax Expense | 19.26 | 24.58 |
| Net Profit for the Period | 88.88 | (50.64) |
Key Metrics
| Metric | FY26 | FY25 |
|---|---|---|
| Paid-up Equity Share Capital (₹ in Lakhs) | 272.07 | 151.37 |
| Basic EPS (₹) | 5.73 | (3.35) |
| Diluted EPS (₹) | 5.14 | (3.35) |
What specific operational strategies drove the surge in revenue from operations to ₹144 lakh?
How does the company plan to sustain this revenue growth in the upcoming fiscal year?
What factors contributed to the significant increase in paid-up equity share capital during FY26?





























