First Custodian Fund (India) Ltd, a company specializing in stock broking and trading in shares, has released its unaudited financial results for the second quarter and first half of the fiscal year 2025-26. The results, approved by the Board of Directors on November 7, 2025, reveal a mixed performance with a quarterly loss but a half-yearly profit.

Key Financial Highlights

All figures in lacs

Quarterly Performance

For the quarter ended September 30, 2025, First Custodian Fund reported:

• A total income of ₹21.30 lacs, significantly lower than ₹74.88 lacs in the same quarter last year.
• Total expenses increased to ₹20.33 lacs from ₹13.78 lacs in Q2 FY 2024-25.
• The company incurred a net loss of ₹20.52 lacs, compared to a profit of ₹48.87 lacs in the corresponding quarter of the previous year.

Half-Yearly Results

Despite the quarterly loss, the company's half-yearly performance showed improvement:

• For H1 FY 2025-26, First Custodian Fund posted a profit of ₹115.09 lacs, a significant turnaround from a loss of ₹18.44 lacs in H1 FY 2024-25.
• However, total income for H1 FY 2025-26 decreased to ₹18.15 lacs from ₹167.26 lacs in the previous year's first half.

Financial Position

The company's unaudited statement of assets and liabilities as of September 30, 2025, shows:

• Total equity and liabilities stood at ₹162,891,298, slightly up from ₹160,942,355 as of March 31, 2025.
• Current investments were reported at ₹106,322,510, down from ₹110,584,910 at the end of the previous fiscal year.
• Cash and bank balances increased to ₹28,920,190 from ₹26,626,406.

Conclusion

While First Custodian Fund faced challenges in the second quarter of FY 2025-26, its half-yearly results show a positive trend with a significant profit. The company continues to operate primarily in the stock broking and trading in shares segment.

Note: All financial figures are based on the unaudited results provided by the company and are subject to limited review by the statutory auditors.

First Custodian Fund (India) Ltd., a stock broking and trading company, has reported a significant downturn in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on August 11, reveal a stark contrast to its performance in the same quarter of the previous year.

Financial Performance

The company posted a net loss of ₹20.52 lakh for Q1, a substantial decline from the profit of ₹66.22 lakh recorded in the corresponding quarter of the previous year. This represents a negative swing of ₹86.74 lakh in the company's bottom line.

The total income for the quarter saw a dramatic fall, plummeting to a negative ₹2.12 lakh from ₹95.78 lakh in the corresponding quarter of the previous year. This decline was primarily driven by:

• A sharp drop in net sales from operations, which fell to ₹1.03 lakh from ₹3.40 lakh.
• Other operating income turning negative at ₹3.15 lakh, compared to a positive ₹92.38 lakh in the previous year's quarter.

Expense Management

Despite the significant revenue decline, the company managed to slightly reduce its total expenses:

• Total expenses decreased to ₹18.40 lakh from ₹19.56 lakh in the previous year's quarter.
• Employee benefits expenses saw a minor reduction to ₹5.37 lakh from ₹5.68 lakh.
• Other expenses also decreased to ₹10.17 lakh from ₹11.30 lakh.

Key Financial Metrics

The earnings per share (EPS) for the quarter stood at -₹1.37, compared to ₹4.41 in the same quarter of the previous year.

Dividend Declaration

Despite the challenging quarter, the Board of Directors has approved a final dividend of 10% (Re. 1 per equity share) for the previous financial year. This decision was announced in the corporate filing dated August 11.

Annual General Meeting

The company has scheduled its Thirty Ninth Annual General Meeting for September 25, where shareholders will have the opportunity to discuss the company's performance and future strategies.

Auditor Reappointment

In other corporate governance matters, the Board has re-appointed M/s. P. C. Shah & Co., Practicing Company Secretaries, as the Secretarial Auditors for the upcoming term. This reappointment underscores First Custodian Fund's commitment to maintaining robust corporate governance practices.

As First Custodian Fund (India) Ltd. navigates through these challenging financial times, stakeholders will be keenly watching for signs of recovery and the effectiveness of any strategic measures the company may implement to reverse the current downturn.