Joindre Capital Services Limited , a financial services company, has reported its financial results for the first quarter of fiscal year 2026, showing a decline in revenue and profit compared to the same period last year.

Financial Performance

The company's revenue for Q1 FY2026 stood at Rs 1014.09 lakhs, marking a 22.3% decrease from Rs 1305.42 lakhs reported in Q1 FY2025. Net profit after tax also saw a significant decline of 25.8%, falling to Rs 198.24 lakhs from Rs 267.30 lakhs in the corresponding quarter of the previous year.

Despite the year-over-year decline, Joindre Capital Services showed some signs of sequential improvement. Compared to the previous quarter (Q4 FY2025), the company's revenue grew by 3.8%. However, profit after tax decreased by 5.7% on a quarter-over-quarter basis.

Key Metrics

Board Approval and Reporting

The board of directors approved these results on August 14, 2025. In compliance with regulatory requirements, the company has published the unaudited financial results in the Free Press Journal and Navshakti on August 15, 2025.

Market Context

While the company experienced a decline in both revenue and profit compared to the previous year, the sequential growth in revenue might indicate some stabilization in its business operations. However, the continued pressure on profitability suggests that Joindre Capital Services may be facing challenges in managing costs or market conditions.

The financial services sector, in which Joindre Capital Services operates, often experiences fluctuations based on overall market conditions and economic factors. The company's performance in the upcoming quarters will be crucial in determining whether this decline is a temporary setback or part of a longer-term trend.

Joindre Capital Services Limited , a prominent financial services company, has announced its unaudited financial results for the first quarter ending June 30. The company reported a significant decline in both revenue and profitability compared to the same period last year.

Financial Performance Highlights

• Net Profit: The standalone net profit stood at Rs 198.22 crore, marking a 25.8% decrease from Rs 267.28 crore in the corresponding quarter of the previous year.
• Revenue: Total revenue from operations declined by 22.3% to Rs 1,014.00 crore, down from Rs 1,305.34 crore in the same quarter last year.
• Earnings per Share (EPS): Basic and diluted EPS for the quarter were Rs 1.43, compared to Rs 1.93 in the previous year's quarter.

Segment-wise Performance

The company's performance across various revenue streams showed a mixed trend:

The most significant decline was observed in the fees and commission income, which decreased by 26.1% year-over-year.

Expense Management

Despite the revenue decline, Joindre Capital Services managed to reduce its total expenses:

• Total expenses were Rs 745.33 crore, down from Rs 952.20 crore in the same quarter of the previous year, representing a 21.7% reduction.
• Notable decreases were seen in finance costs and fees and commission expenses.

Other Comprehensive Income

The company reported a substantial increase in other comprehensive income:

• Total other comprehensive income was Rs 93.66 crore, compared to Rs 115.21 crore in the corresponding quarter of the previous year.
• This was primarily due to a remeasurement gain in fair valuation of equity instruments amounting to Rs 116.82 crore.

Management Commentary

The board of directors reviewed and approved these financial results at their meeting held on August 14. The statutory auditors conducted a limited review of the financial results, and no qualifications were reported.

About Joindre Capital Services Limited

Joindre Capital Services Limited is a SEBI-registered stock broker, providing a range of financial services. The company operates as a single segment in line with Indian Accounting Standard 108 on "Operating Segment."

The financial results were prepared in accordance with the Indian Accounting Standards (Ind AS) and comply with the Companies (Indian Accounting Standards) Rules 2015, as well as recent amendments to Schedule III of the Companies Act, 2013.