Wallfort Financial Services has re-appointed Manoj Bharadia as whole-time director for a term of three consecutive years. The Board of Directors approved the move in its meeting held on August 12, 2026. The appointment is effective from November 1, 2026, and requires shareholder approval.

Bharadia’s current term expires on October 31, 2026. The board noted that he holds a commerce degree and oversees trading administration and client relationship management. He brings extensive experience in capital markets to the role.

Key Details

The disclosure was made under Regulation 30(2) Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bharadia is the cousin of Ashok Bharadia, the managing director of Wallfort Financial Services.

Wallfort Financial Services Limited posted a net profit of ₹202.69 lakh for the quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹124.74 lakh recorded in the preceding quarter. Year-on-year, profits rose 32.7% compared to ₹152.75 lakh in Q1FY26.

The company’s total revenue from operations stood at ₹267.27 lakh, up 29.4% from ₹206.56 lakh in the corresponding quarter of the previous fiscal. Brokerage income contributed ₹62.37 lakh, while net gains on fair value changes of financial instruments added ₹160.00 lakh to the top line.

Financial Highlights

What the Numbers Show

The profitability surge is heavily influenced by mark-to-market movements rather than operational fee income. Net gains on fair value changes accounted for approximately 59.9% of total revenue from operations in Q1FY27, up from 55.8% in Q1FY26. While brokerage income grew 35.9% year-on-year to ₹62.37 lakh, it remains secondary to trading-related fair value adjustments in driving the current quarter’s bottom line. This concentration highlights the sensitivity of Wallfort’s earnings to market volatility and portfolio valuation changes.

Expenses remained controlled at ₹64.72 lakh, with employee benefit expenses declining slightly to ₹11.07 lakh from ₹12.61 lakh in the prior quarter. The company incurred no tax expense for the period, as deferred tax provisions are adjusted annually at financial year-end reporting.

The Board of Directors approved the unaudited standalone results on August 12, 2026. Kochar & Associates, the statutory auditors, issued a limited review report stating that nothing came to their attention to cause them to believe the statement contains material misstatement.