Indo Thai Securities Limited delivered exceptional financial performance in Q3FY26, reporting remarkable growth across all key metrics for the quarter ended December 31, 2025. The stock broking and financial services company announced these results following its 377th Board Meeting held on January 13, 2026.

Outstanding Financial Performance

The company's standalone financial results demonstrated exceptional growth momentum with net profit surging significantly year-on-year. The performance was driven by strong operational efficiency and favorable market conditions.

Revenue Composition and Growth Drivers

The company's revenue growth was primarily attributed to exceptional performance in fair value changes and consistent growth in core business segments. Interest income showed robust growth of 143% to ₹399.92 lakhs from ₹164.71 lakhs in Q3FY25. Fees and commission income remained stable at ₹264.69 lakhs compared to ₹249.40 lakhs in the previous year.

The standout performer was net profit on fair value changes, which reached ₹2,086.52 lakhs compared to ₹128.50 lakhs in Q3FY25, contributing significantly to the overall revenue surge.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Indo Thai Securities maintained its strong performance trajectory with total revenue reaching ₹6,526.88 lakhs against ₹2,427.70 lakhs in the corresponding period of the previous year.

Key Management Changes

The Board of Directors approved significant changes in key managerial personnel during the meeting. Mr. Deepak Sharma resigned as Chief Financial Officer effective January 13, 2026, after the closing of business hours. The company appointed Mr. Nishit Doshi as the new Chief Financial Officer with effect from January 14, 2026.

Mr. Nishit Doshi brings extensive experience in finance, accounting, and financial operations within the securities and financial services sector. He holds a Master's degree in Finance and possesses expertise in financial planning, budgeting, performance monitoring, regulatory compliance, and financial reporting.

Consolidated Results and Business Expansion

The consolidated financial results showed similar strong performance with net profit of ₹1,700.23 lakhs for Q3FY26 compared to ₹95.55 lakhs in Q3FY25. The company operates through its subsidiary companies including Indo Thai Realties Limited, Indo Thai Globe Fin (IFSC) Limited, Femto Green Hydrogen Limited, and Indo Thai Financial Services Limited.

The Board also discussed strategies for future growth and expansion, including the evaluation of setting up an Alternative Investment Fund (AIF) Model, subject to regulatory approvals. The Business Strategy Committee has been authorized to take further decisions in this matter.

Operational Efficiency and Cost Management

Total expenses for Q3FY26 increased marginally to ₹455.74 lakhs from ₹390.05 lakhs in Q3FY25, demonstrating effective cost management despite significant business growth. Employee benefit expenses rose to ₹181.81 lakhs from ₹137.36 lakhs, while fees and commission expenses decreased to ₹87.31 lakhs from ₹115.75 lakhs in the previous year.

Indo Thai Securities Limited announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating exceptional performance across multiple financial parameters. The company's Board of Directors approved these results during their 377th meeting held on January 13, 2026.

Financial Performance Highlights

The company's standalone financial results showed remarkable growth compared to the previous year. Revenue from operations reached ₹2,762.99 lakhs in Q3 FY26, a significant increase from ₹553.83 lakhs in Q3 FY25.

Revenue Composition Analysis

The company's revenue streams showed strong performance across different categories. Interest income contributed ₹399.92 lakhs compared to ₹164.71 lakhs in the previous year. Net profit on fair value changes emerged as the largest contributor at ₹2,086.52 lakhs versus ₹128.50 lakhs in Q3 FY25. Fees and commission income remained stable at ₹264.69 lakhs compared to ₹249.40 lakhs in the corresponding quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained strong momentum with total revenue from operations of ₹6,526.88 lakhs compared to ₹2,427.70 lakhs in the corresponding period of FY25. Net profit for the nine-month period reached ₹4,025.64 lakhs against ₹1,108.93 lakhs in the previous year.

Leadership Changes

The Board approved the appointment of Mr. Nishit Doshi as Chief Financial Officer effective from the opening of business hours on January 14, 2026. This follows the resignation of Mr. Deepak Sharma from the CFO position on January 13, 2026. Mr. Doshi brings extensive experience in finance, accounting, and financial operations within the securities and financial services sector, holding a Master's degree in Finance.

Consolidated Results

The consolidated financial results, which include four subsidiary companies, showed total revenue from operations of ₹2,771.01 lakhs for Q3 FY26 compared to ₹553.53 lakhs in Q3 FY25. Consolidated net profit reached ₹1,700.23 lakhs versus ₹95.55 lakhs in the previous year quarter.

Business Expansion Initiatives

The Board discussed strategies for future growth and expansion, including the potential establishment of an Alternative Investment Fund (AIF) Model, subject to regulatory approvals. The Business Strategy Committee received authorization to make further decisions regarding these expansion plans.

Segment Performance

The company operates across three main segments. Equities, broking and other related activities generated revenue of ₹2,767.59 lakhs in Q3 FY26. Real estate activities contributed ₹14.85 lakhs, while manufacturing activities in environmental technology added ₹1.40 lakhs to the consolidated revenue.