Keynote Financial Services Reports Quarterly Loss Despite Revenue Growth
Keynote Financial Services Limited reported mixed financial results for Q2 FY2026. Total income increased to Rs 114.20 crores from Rs 80.90 crores year-over-year. However, the company swung to a net loss of Rs 16.90 crores, compared to a profit of Rs 21.00 crores in the previous year. The company experienced deteriorated profitability across its business segments including advisory services, broking, trading, and investment activities. The results, approved by the board on November 14, 2025, include performance of subsidiaries Keynote Capitals Limited and Keynote Fincorp Limited, and associate Maple Leaf Trading and Services Limited.
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Keynote Financial Services Limited has reported a significant shift in its financial performance for the quarter ended September 30, 2025. The company's board approved the unaudited financial results on November 14, 2025, revealing a complex financial picture marked by revenue growth but a notable decline in profitability.
Financial Highlights
- Total Income: Increased to Rs 114.20 crores from Rs 80.90 crores in the same period last year
- Net Loss: Rs 16.90 crores, compared to a profit of Rs 21.00 crores in the previous year
Segment Performance
The company experienced deteriorated profitability across its various business segments:
- Advisory services
- Broking
- Trading
- Investment activities
Board Meeting Details
The Board of Directors convened on November 14, 2025, to review and approve the financial results:
- Meeting commenced at 12:40 p.m.
- Concluded at 3:30 p.m.
Audit Committee Review
Prior to the board meeting, the Audit Committee reviewed the unaudited financial results for the quarter and half-year ended September 30, 2025.
Subsidiary and Associate Performance
The consolidated financial results include the performance of Keynote Financial Services Limited's subsidiaries and associate:
| Entity Name | Relationship |
|---|---|
| Keynote Capitals Limited | Subsidiary Company |
| Keynote Fincorp Limited | Subsidiary Company |
| Maple Leaf Trading and Services Limited | Associate |
The interim financial results of the two subsidiaries reflect:
- Total assets: Rs 10,761.04 lakhs as of September 30, 2025
- Total revenue: Rs (57.80) lakhs for the quarter and Rs 919.07 lakhs for the half-year
- Total Comprehensive Income: Rs (57.16) lakhs for the quarter and Rs 317.00 lakhs for the half-year
The associate company, Maple Leaf Trading and Services Limited, contributed a share of net profit (before consolidation adjustment) of Rs 579.88 lakhs for the quarter and half-year ended September 30, 2025.
Regulatory Compliance
The company has submitted these results in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Independent auditors have conducted a review of both standalone and consolidated financial results, ensuring adherence to Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34).
Conclusion
While Keynote Financial Services has shown robust revenue growth, the shift from profit to loss indicates significant challenges in maintaining profitability across its diverse business segments. Investors and stakeholders may need to closely monitor the company's strategies for improving bottom-line performance in the coming quarters.
Historical Stock Returns for Keynote Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.09% | -11.90% | +5.91% | -16.87% | +13.43% | +159.86% |
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