Swastika Investmart Limited reported a 12.2% year-on-year increase in standalone net profit for the quarter ended September 30, 2026, reaching ₹400.15 lakh. The brokerage firm’s consolidated net profit rose significantly by 55.7% to ₹523.49 lakh, reflecting strong performance across its subsidiaries.

Standalone revenue from operations grew 5.8% YoY to ₹2,943.69 lakh, supported by a 61.3% surge in interest income to ₹1,162.35 lakh. Fees and commission income remained stable at ₹1,391.49 lakh, while merchant banking fees contributed ₹168.51 lakh. On a consolidated basis, total income expanded 12.8% to ₹3,159.07 lakh, aided by a substantial jump in other income to ₹204.69 lakh from ₹7.20 lakh in the prior year quarter.

Financial Performance Snapshot

The company’s financial results highlight a divergence between standalone and consolidated growth trajectories, with the latter benefiting from non-operating gains and subsidiary contributions.

Segment and Balance Sheet Insights

Broking and related activities continued to be the primary revenue driver, contributing ₹2,775.18 lakh in segment revenue for the consolidated entity. Merchant banking activities saw a sharp recovery in profitability, posting a segment result of ₹118.39 lakh compared to a loss of ₹24.14 lakh in the preceding quarter (Q1FY27).

On the balance sheet, total assets under the consolidated framework expanded to ₹60,729.75 lakh as on September 30, 2026, up from ₹50,293.89 lakh at the end of FY26. This growth was supported by an increase in bank balances to ₹40,565.65 lakh and loans receivable rising to ₹10,104.96 lakh. Borrowings also increased significantly to ₹5,021.29 lakh, indicating higher leverage to fund operational expansion.

What the Numbers Show

A key analytical observation is the disproportionate impact of Other Comprehensive Income (OCI) on the consolidated bottom line. While standalone OCI was ₹319.18 lakh, consolidated OCI surged to ₹2,222.45 lakh for Q2FY27. This massive variance is primarily attributed to the fair value remeasurement of the investment in Ujaas Energy Limited held by its subsidiary, Swastika Fin-Mart Private Limited. The note discloses that this remeasurement resulted in an OCI of ₹2,175.17 lakh. Consequently, while operational profit grew steadily, the total comprehensive income was heavily boosted by this non-cash, mark-to-market gain, which does not reflect immediate cash generation or core operating efficiency.

Swastika Investmart Limited has approved the grant of 5,000 employee stock options to eligible employees. The Nomination and Remuneration Committee (NRC) authorized these options under the Swastika Investmart Limited - Employee Stock Option Scheme 2025 during a meeting held on October 21, 2026.

Each option is convertible into one equity share with a face value of ₹2 each. The exercise price for these options has been set at ₹52.50 per share. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Scheme Terms and Conditions

The granted options are governed by the Swastika ESOS – 2025, which complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Key terms regarding vesting and exercise periods are outlined below:

The NRC administers the scheme, which specifies how options are treated in cases of death, permanent incapacity, resignation, termination, or retirement. All vested options must be exercised within a maximum period of three years from their respective vesting dates.

Governance and Compliance

The meeting concluded at 2:50 pm on October 21, 2026. Sunil Nyati, Chairman and Managing Director, signed the disclosure digitally. The company stated that this information is also available on its official website for public reference. As this outcome pertains strictly to the grant phase, details regarding vested, exercised, or lapsed options are currently not applicable.