Keynote Financial Services Reports Strong Q3FY26 Performance with ₹449.14 Lakhs Net Profit
Keynote Financial Services Limited reported mixed Q3FY26 results with consolidated net profit of ₹449.14 lakhs versus ₹563.07 lakhs in Q3FY25. Total consolidated income grew significantly to ₹1,311.14 lakhs from ₹716.45 lakhs year-on-year. The company's advisory services segment showed strong performance with 83% revenue growth, while trading in securities contributed substantially to overall income. Exceptional items of ₹79.10 lakhs were recorded due to new Labour Code implementations.

*this image is generated using AI for illustrative purposes only.
Keynote Financial Services Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing mixed performance across its business segments. The Mumbai-based financial services company's Board of Directors approved these results at their meeting held on February 12, 2026.
Consolidated Financial Performance
The company's consolidated operations demonstrated resilience with notable performance metrics for the reporting period:
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Total Income | ₹1,311.14 lakhs | ₹716.45 lakhs | +83.0% |
| Net Profit | ₹449.14 lakhs | ₹563.07 lakhs | -20.2% |
| Basic EPS | ₹8.07 | ₹10.12 | -20.3% |
For the nine-month period ended December 31, 2025, consolidated performance showed strong growth:
| Parameter | Nine Months FY26 | Nine Months FY25 | Growth |
|---|---|---|---|
| Total Income | ₹2,940.78 lakhs | ₹3,167.44 lakhs | -7.2% |
| Net Profit | ₹1,613.89 lakhs | ₹2,225.94 lakhs | -27.5% |
| Basic EPS | ₹28.99 | ₹39.99 | -27.5% |
Standalone Results Analysis
The standalone financial results revealed contrasting trends compared to consolidated performance. Total standalone income for Q3FY26 reached ₹270.61 lakhs versus ₹84.77 lakhs in Q3FY25, representing significant growth. However, net profit stood at ₹16.17 lakhs for the quarter compared to a loss of ₹80.32 lakhs in the corresponding previous period.
| Standalone Metrics | Q3FY26 | Q3FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | ₹229.54 lakhs | ₹46.03 lakhs | +398.7% |
| Total Income | ₹270.61 lakhs | ₹84.77 lakhs | +219.2% |
| Net Profit/(Loss) | ₹16.17 lakhs | (₹80.32 lakhs) | Positive turnaround |
Segment-wise Performance
The consolidated segment results highlight the diversified nature of Keynote's business operations across multiple verticals:
Advisory Services: Generated revenue of ₹644.99 lakhs in Q3FY26 compared to ₹352.53 lakhs in Q3FY25, showing substantial growth of 83.0%. The segment result before exceptional items was ₹365.86 lakhs versus ₹168.61 lakhs in the previous year.
Broking & Related Activities: Revenue declined to ₹89.04 lakhs from ₹120.41 lakhs year-on-year. However, segment results remained positive at ₹77.94 lakhs compared to ₹103.81 lakhs in Q3FY25.
Trading in Securities: This segment showed volatility with revenue of ₹489.31 lakhs in Q3FY26 versus ₹167.16 lakhs in Q3FY25, contributing significantly to overall performance.
Exceptional Items and Regulatory Impact
The company disclosed exceptional items worth ₹79.10 lakhs on a consolidated basis and ₹35.44 lakhs on a standalone basis for Q3FY26. These charges relate to the implementation of four new Labour Codes by the Government of India, including the Code on Wages, 2019, effective from November 21, 2025. The company assessed the incremental impact through actuarial valuation and expects further clarity once related rules are notified.
Capital Structure and Share Information
Keynote Financial Services maintains a paid-up equity share capital of ₹556.66 lakhs with a face value of ₹10 per share. The earnings per share for the nine-month period stood at ₹28.99 on a consolidated basis, reflecting the company's ability to generate returns for shareholders despite market challenges.
Historical Stock Returns for Keynote Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.04% | +5.78% | +6.06% | +19.03% | +28.17% | +370.45% |






























