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:

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.

Shardul Securities Limited appointed M/s Atul HMV & Associates LLP as its internal auditor for the financial year ending March 31, 2027. The Board of Directors approved the appointment at a meeting held on May 27, 2026, to comply with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm, registered with Firm Registration No. 124043W, will conduct the internal audit for the period beginning April 1, 2026.

The company reported a net loss of ₹589.54 lakh for the financial year ended March 31, 2026, a decline from the net profit of ₹215.88 lakh in the previous year. The statutory auditors issued an audit report with an unmodified opinion on the standalone and consolidated financial results. Total income for FY26 stood at ₹536.73 lakh, down from ₹4,250.82 lakh in FY25, primarily due to a net loss on fair value changes of ₹5,452.34 lakh and finance costs of ₹1,533.20 lakh.

Financial Performance

The standalone financial results for FY26 reflect a challenging year marked by significant losses on fair value changes. The company, classified as a Base Layer NBFC by the Reserve Bank of India, operates as a single segment focused on holding, investing, and financing activities.

Consolidated Results

On a consolidated basis, the group reported a net loss of ₹491.37 lakh for FY26, compared to a net profit of ₹329.91 lakh in the previous year. Total consolidated income for the year was ₹1,597.81 lakh, while total expenses amounted to ₹8,005.39 lakh. The group includes wholly owned subsidiaries Shriyam Broking Intermediary Limited and Shriyam Realtors Private Limited. The auditors, Akkad Mehta & Co LLP, confirmed that the consolidated financial results present a true and fair view of the group's financial performance.