Joindre Capital Services Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Mumbai-based non-banking financial company and SEBI-registered stock broker reported mixed performance with declining profitability amid challenging market conditions.

Q3FY26 Financial Performance

The company's standalone financial results for Q3FY26 showed a notable decline in profitability. Net profit for the quarter dropped by 14.00% year-on-year to ₹166.18 lakhs compared to ₹193.12 lakhs in Q3FY25. This decline was primarily attributed to reduced revenue from operations and higher operational expenses.

Revenue Breakdown and Operational Metrics

The company's revenue composition showed varied performance across different segments. Interest income declined marginally to ₹299.75 lakhs from ₹304.66 lakhs in the previous year quarter. However, fees and commission income, a key revenue driver, decreased significantly to ₹640.34 lakhs from ₹733.00 lakhs, representing a 12.60% decline.

Nine-Month Performance Analysis

The nine-month performance painted a more concerning picture with steeper declines across key metrics. Net profit for the nine months ended December 31, 2025, fell by 26.80% to ₹575.35 lakhs from ₹785.91 lakhs in the corresponding period of the previous year. Total revenue from operations declined by 21.30% to ₹3,033.55 lakhs.

Consolidated Results and Other Comprehensive Income

The consolidated results, which include the wholly-owned subsidiary Joindre Commodities Limited, showed similar trends. Consolidated net profit for Q3FY26 was ₹165.68 lakhs compared to ₹193.13 lakhs in the previous year quarter. The company reported significant other comprehensive income of ₹60.28 lakhs in Q3FY26, primarily driven by remeasurement gains in fair valuation of equity instruments worth ₹56.63 lakhs.

Regulatory and Operational Updates

The Board of Directors approved the results at their meeting held on February 14, 2026. The statutory auditors conducted a limited review of the financial results with no qualifications reported. The company noted that it has assessed the impact of the new Labour Codes notified by the Government of India on November 21, 2025, and currently envisages no material financial impact. As per Ind AS 109, the company reported unrealized gains of ₹104.03 lakhs for the nine months ended December 31, 2025, on financial instruments designated as fair value through other comprehensive income.

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.