Rikhav Securities FY26 PAT at ₹18.96 Cr, income rises
Rikhav Securities reported FY26 PAT of ₹18.96 Cr on a total income of ₹1991.62 Cr. H2 FY26 income was ₹1604.95 Cr with a PAT of ₹1.20 Cr. Profitability was impacted by a ₹22.93 Cr loss from share trading. Management plans to reduce share investments to ₹50 Cr and expects 20% growth in brokerage for FY27.

*this image is generated using AI for illustrative purposes only.
Rikhav Securities Limited announced its audited financial results for the financial year ended March 31, 2026, reporting a Profit After Tax (PAT) of ₹18.96 Cr. The company achieved an EBITDA of ₹32.53 Cr on a Total Income of ₹1991.62 Cr for the full year. Profitability during the period was impacted by a loss from share trading activities amounting to ₹22.93 Cr, while an unrealised profit of ₹4.33 Cr from SLBM transactions was not recognised in the financials.
Financial Performance
For the half-year ended March 31, 2026 (H2 FY26), the company reported a Total Income of ₹1604.95 Cr, EBITDA of ₹6.57 Cr, and PAT of ₹1.20 Cr. The Earnings Per Share (EPS) for H2 FY26 stood at ₹0.31, while the EPS for the full year FY26 was ₹4.95. The company invested approximately ₹5.40 Cr towards computers and software during the year to strengthen its technology and operational infrastructure, which resulted in higher depreciation costs.
| Metric | H2 FY26 | FY26 |
|---|---|---|
| Total Income (₹ Cr) | 1604.95 | 1991.62 |
| EBITDA (₹ Cr) | 6.57 | 32.53 |
| PAT (₹ Cr) | 1.20 | 18.96 |
| EPS (₹) | 0.31 | 4.95 |
Operational Updates
Current liabilities increased primarily due to SLBM borrowings of ₹47.34 Cr during the period. Hitesh Lakhani, Chairman & Managing Director, attributed the performance to a challenging year for the capital markets industry, characterised by elevated volatility and tighter liquidity conditions. He emphasised the company's focus on strengthening its platform, improving operational efficiencies, and maintaining a disciplined approach towards long-term growth.
Strategic Outlook
Management outlined a strategy to reduce share investments to ₹50 Cr to stabilise income. The company has reduced exposure in the SME segment to 30% and now sells stock within one week of listing. Rikhav Securities expects around 20% growth in brokerage and clientele, and 20% to 25% growth in algo trading and delta hedging income for FY27. The firm is also expanding its institutional brokerage presence, having onboarded Kotak Mutual Fund, Bank of India, RBL Bank, and 8 to 10 FPIs.
Historical Stock Returns for Rikhav Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.09% | -1.98% | -0.84% | -19.30% | -20.15% | -72.60% |
How will the strategy to reduce share investments to ₹50 Cr impact the company's revenue diversification and risk profile?
What specific measures are being implemented to achieve the targeted 20% to 25% growth in algo trading and delta hedging income?
How will the recent onboarding of major institutional clients like Kotak Mutual Fund and RBL Bank influence the brokerage revenue mix in FY27?

































