B.N. Rathi Securities Reports 94% Jump in Q3 FY26 Net Profit to ₹300.22 Lakhs
B.N. Rathi Securities Limited reported strong Q3 FY26 results with consolidated net profit after tax surging 94% to ₹300.22 lakhs and total income growing 26% to ₹1,773.95 lakhs. However, nine-month performance showed mixed results with total income declining 3.8% to ₹4,602.43 lakhs and net profit falling 24.6% to ₹679.81 lakhs. The company's subsidiaries reported losses during the period, with B.N. Rathi Comtrade Private Limited posting ₹38.66 lakhs loss and B-Fly Asset Manager LLP recording ₹1.88 lakhs loss.
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B.N. Rathi Securities Limited delivered strong financial performance in the third quarter of FY26, reporting significant growth in profitability driven by its equity broking and related services business. The Hyderabad-based financial services company announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025.
Strong Q3 FY26 Performance
The company demonstrated robust quarterly performance with substantial improvements across key financial metrics. Net profit after tax nearly doubled compared to the previous year, while operational income showed healthy growth momentum.
| Financial Metric | Q3 FY26 | Q3 FY25 | Growth (%) |
|---|---|---|---|
| Total Income from Operations | ₹1,773.95 lakhs | ₹1,409.70 lakhs | +25.8% |
| Net Profit Before Tax | ₹400.92 lakhs | ₹154.78 lakhs | +159.0% |
| Net Profit After Tax | ₹300.22 lakhs | ₹154.78 lakhs | +94.0% |
| Basic EPS (₹5 face value) | ₹0.72 | ₹0.37 | +94.6% |
Nine-Month Period Results
For the nine-month period ended December 31, 2025, the company reported mixed performance with total income declining marginally while maintaining profitability. The consolidated results reflect the impact of subsidiary operations on overall performance.
| Parameter | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|
| Total Income | ₹4,602.43 lakhs | ₹4,784.68 lakhs | -3.8% |
| Net Profit After Tax | ₹679.81 lakhs | ₹901.58 lakhs | -24.6% |
| Total Comprehensive Income | ₹754.20 lakhs | ₹868.88 lakhs | -13.2% |
Standalone vs Consolidated Performance
The company's standalone financial results showed stronger performance compared to consolidated figures, indicating challenges at subsidiary level. For Q3 FY26, standalone net profit after tax reached ₹296.05 lakhs compared to ₹157.03 lakhs in the previous year, representing an 88.5% increase.
Subsidiary Performance Impact
The consolidated results include performance of two subsidiaries that reported losses during the nine-month period. B.N. Rathi Comtrade Private Limited, the wholly-owned subsidiary, registered a loss of ₹38.66 lakhs. The partially-owned subsidiary B-Fly Asset Manager LLP reported a loss of ₹1.88 lakhs for the same period.
Capital Structure and Regulatory Updates
The company's equity share capital increased significantly to ₹2,087.50 lakhs as of December 31, 2025, compared to ₹1,037.50 lakhs in the previous year. The financial results were prepared in accordance with Indian Accounting Standards (IndAS) and reviewed by the Audit Committee before Board approval on February 12, 2026. The company noted that new Labour Codes effective from November 21, 2025, are not expected to have material impact on operations.
Historical Stock Returns for BN Rathi Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.47% | +1.74% | -4.22% | -30.47% | -50.07% | +203.39% |
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