Shardul Securities publishes Q1FY27 unaudited results

0 min read     Updated on 11 Jul 2026, 04:42 PM
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Shardul Securities Limited has published its unaudited financial results for the quarter ended June 30, 2026. The results were published in Business Standard and The Mumbai Lakshadeep on July 11, 2026.

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Shardul Securities Limited has published its unaudited financial results for the quarter ended June 30, 2026. The disclosure was made to the stock exchange on July 11, 2026, confirming the publication of the extract of financial results in leading newspapers.

Regulatory Filing

The company submitted the filing to The Stock Exchange, Mumbai, under Regulation 47 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification confirmed that the extract of unaudited financial results, both standalone and consolidated, was duly published.

Publication Details

The financial results were published in two newspapers to ensure wide dissemination of the information. The English daily Business Standard and the Marathi daily The Mumbai Lakshadeep carried the extract on July 11, 2026.

Key Dates

Event Date
Quarter End 30.06.2026
Publication Date 11.07.2026

The filing was signed by Daya Bhalia, Company Secretary, on behalf of Shardul Securities Limited.

Historical Stock Returns for Shardul Securities

1 Day5 Days1 Month6 Months1 Year5 Years
+20.00%+20.43%+18.31%+21.30%+21.30%+21.30%

How will the unaudited financial results impact Shardul Securities' stock performance in the upcoming quarter?

What are the expected trends in the company's revenue and profit margins for the next fiscal year?

Will there be any significant changes in the company's dividend policy based on these results?

Shardul Securities returns to profit in Q1FY26 led by fair value gains

2 min read     Updated on 10 Jul 2026, 03:45 PM
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Shardul Securities Limited reported a standalone net profit of ₹1,315.45 crore for Q1FY26, a sharp increase from ₹607.73 crore in the same period last year, driven by a net gain on fair value changes of ₹1,716.34 crore. Consolidated net profit stood at ₹1,426.67 crore. The Board approved the unaudited financial results on July 10, 2026, following a review by the Audit Committee and statutory auditors.

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Shardul Securities reported a standalone net profit of ₹1,315.45 crore for the quarter ended June 30, 2026, marking a significant turnaround from the prior year's performance. The company recorded a total income of ₹1,733.85 crore for the period, a substantial increase from ₹805.77 crore in the corresponding quarter of the previous year. This surge was primarily driven by a net gain on fair value changes, which amounted to ₹1,716.34 crore, compared to ₹794.79 crore in the same quarter last year.

Financial Performance

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following a review by the Audit Committee. The statutory auditors, Akkad Mehta & Co LLP, conducted a limited review of the results. On the expense side, total finance costs rose to ₹77.62 crore, up from ₹13.36 crore in the year-ago period. The profit before tax for the quarter stood at ₹1,631.78 crore, compared to ₹761.82 crore in the previous year.

Standalone Results

The following table details the standalone financial performance for the quarter and year ended March 31, 2026:

Particulars Quarter Ended 30-Jun-26 (Unaudited) Quarter Ended 30-Jun-25 (Unaudited) Year Ended 31-Mar-26 (Audited)
Total Income ₹1,733.85 crore ₹805.77 crore ₹53.67 crore
Total Expenses ₹102.07 crore ₹43.95 crore ₹825.35 crore
Profit Before Tax ₹1,631.78 crore ₹761.82 crore (₹771.68 crore)
Net Profit ₹1,315.45 crore ₹607.73 crore (₹589.54 crore)
Earnings Per Share (Basic) ₹15.04 ₹6.95 (₹6.74)

Consolidated Results

On a consolidated basis, the company, along with its subsidiaries Shriyam Broking Intermediary Limited and Shriyam Realtors Private Limited, reported a net profit of ₹1,426.67 crore for Q1FY26. Total consolidated income reached ₹1,894.08 crore, bolstered by a net gain on fair value changes of ₹1,842.15 crore. The consolidated profit before tax was recorded at ₹1,771.95 crore.

Operational Details

The company reclassified a significant portion of its investments in equity shares from 'Investments' to 'Stock-in-Trade' effective April 1, 2026, to align with its trading strategy. This reclassification, accounted for prospectively under Ind AS 109, does not impact the financial position or performance but alters the taxation manner for gains on the sale of these shares. Shardul Securities, a non-deposit taking NBFC classified by the Reserve Bank of India as a Base Layer NBFC, operates as a single segment focused on holding, investing, and financing activities.

Historical Stock Returns for Shardul Securities

1 Day5 Days1 Month6 Months1 Year5 Years
+20.00%+20.43%+18.31%+21.30%+21.30%+21.30%

How sustainable is the surge in net profit given its heavy reliance on fair value changes rather than core operating income?

What specific market conditions or asset classes drove the significant increase in fair value gains during this quarter?

How will the reclassification of equity shares from 'Investments' to 'Stock-in-Trade' impact the company's future tax liabilities and volatility?

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