Joindre Capital Services Limited , a SEBI-registered stock broker and NBFC, has reported a significant decline in its net profit for the second quarter, despite an increase in revenue.

Financial Performance

For Q2, Joindre Capital Services posted the following results:

The company's net profit saw a substantial decrease of 36.6% year-over-year, falling from Rs 325.50 lakhs in Q2 FY25 to Rs 206.33 lakhs in Q2 FY26.

Joindre Capital Services reported a revenue of Rs 1,030.69 lakhs for Q2 FY26, representing a 29.4% decline compared to the revenue of Rs 1,460.24 lakhs in the same quarter of the previous fiscal year.

Half-Year Performance

For the first half of FY26, the company's financial results show:

• Net profit decreased to Rs 404.57 lakhs, down from Rs 592.80 lakhs in H1 FY25
• Basic earnings per share (EPS) stood at Rs 2.92 for the half-year period

Operational Highlights

The company's primary sources of revenue include:

1. Interest Income
2. Dividend Income
3. Fees and Commission Income
4. Other Operating Income

Board Approval and Audit Review

The unaudited financial results for Q2 and H1 FY26 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 14, 2025. The Statutory Auditors have conducted a Limited Review of these financial results, and no qualifications were reported.

Segment Reporting

Joindre Capital Services does not have more than one reportable segment as per Indian Accounting Standard (Ind AS) 108 on "Operating Segment" issued by the Institute of Chartered Accountants of India (ICAI).

Regulatory Compliance

The financial results have been prepared in accordance with Division III applicable to Non-banking Financial Companies (NBFCs) in compliance with Companies (Indian Accounting Standards) Rules 2015 and amendments to Schedule III of the Companies Act, 2013. While Joindre Capital Services is a SEBI-registered Stock Broker, it is not required to be registered under Section 45-1A of the Reserve Bank of India Act, 1934.

The company continues to navigate the challenging market conditions, focusing on its core business activities in the capital markets sector.

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.