Khandwala Securities Reports Net Loss in Q2 FY2026 Amid Market Challenges
Khandwala Securities Limited reported a standalone net loss of Rs 24.33 lakhs for Q2 FY2026, compared to a profit of Rs 15.50 lakhs in Q2 FY2025. Consolidated net loss was Rs 24.37 lakhs. Despite losses, revenue from operations increased to Rs 339.79 lakhs from Rs 313.71 lakhs year-over-year. The fee-based operations segment showed improvement, turning a profit of Rs 72.01 lakhs compared to a loss in the previous year. The company's half-yearly results also reflected losses, with a standalone net loss of Rs 58.67 lakhs and consolidated net loss of Rs 58.69 lakhs.
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Khandwala Securities Limited , a prominent player in the Indian financial services sector, has released its financial results for the second quarter of fiscal year 2026, revealing a challenging period for the company.
Financial Performance
The company reported a standalone net loss of Rs 24.33 lakhs for the quarter ended September 30, 2025, marking a significant shift from the profit of Rs 15.50 lakhs recorded in the same quarter of the previous year. This downturn in performance is further emphasized in the half-yearly results, with the company posting a standalone net loss of Rs 58.67 lakhs, compared to a profit of Rs 22.51 lakhs in the corresponding period last year.
Consolidated Results
On a consolidated basis, the picture remains similarly challenging. Khandwala Securities reported a net loss of Rs 24.37 lakhs for the quarter, contrasting with a profit of Rs 9.21 lakhs in the same quarter of the previous fiscal year. The half-yearly consolidated net loss stood at Rs 58.69 lakhs, a reversal from the profit of Rs 22.51 lakhs recorded in the first half of the previous financial year.
Revenue and Operational Highlights
Despite the overall loss, the company's revenue from operations showed resilience:
| Particulars (in Rs. Lakhs) | Q2 FY2026 | Q2 FY2025 | H1 FY2026 | H1 FY2025 |
|---|---|---|---|---|
| Revenue from Operations | 339.79 | 313.71 | 453.99 | 565.78 |
| Other Income | 20.62 | 481.34 | 36.14 | 486.90 |
| Total Revenue | 360.41 | 795.06 | 490.13 | 1,052.67 |
The company's revenue from operations saw a modest increase in Q2 FY2026 compared to the same quarter last year. However, there was a significant decrease in other income, which impacted the overall financial performance.
Segment Performance
Khandwala Securities operates in two main segments:
- Investment/Stock Operations
- Fee-based Operations
The fee-based operations segment showed improved performance in Q2 FY2026:
| Segment Results (in Rs. Lakhs) | Q2 FY2026 | Q2 FY2025 |
|---|---|---|
| Investment/Stock Operations | 11.23 | 10.08 |
| Fee-based Operations | 72.01 | (405.02) |
The fee-based operations segment turned around from a significant loss in the previous year to a profit in the current quarter, indicating some positive developments in this area of the business.
Management Commentary
The Board of Directors of Khandwala Securities Limited approved these unaudited financial results at their meeting held on November 10, 2025.
Looking Ahead
As Khandwala Securities grapples with the current financial headwinds, investors and market watchers will be keenly observing the company's strategies to return to profitability. The improvement in fee-based operations could be a positive sign for the company's performance in future quarters.
The company's ability to adapt to market changes, manage costs, and capitalize on growth opportunities in its core business segments will be crucial in determining its financial trajectory for the remainder of FY2026.
Historical Stock Returns for Khandwala Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.12% | -1.43% | -0.59% | -3.79% | -24.27% | +148.20% |
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