News Earnings Mathew Easow Research Securities Reports Q3FY26 Results; Appoints New Independent DirectorMathew Easow Research Securities Reports Q3FY26 Results; Appoints New Independent Director
Mathew Easow Research Securities Limited reported Q3FY26 net profit of ₹0.86 lakhs, down 51.14% from ₹1.76 lakhs in Q3FY25. Revenue from operations declined to ₹71.88 lakhs from ₹83.47 lakhs year-over-year. For nine months, net profit decreased to ₹5.59 lakhs from ₹6.70 lakhs. The company appointed Mr. Ganga Sharan Pandey as Additional Non-Executive Independent Director for a five-year term starting February 7, 2026.
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Mathew Easow Research Securities Limited has announced its unaudited financial results for the quarter ended December 31, 2025, showing mixed performance across key financial metrics. The NBFC company, primarily engaged in financing activities, reported these results following a board meeting held on February 7, 2026.
Financial Performance Overview
The company's financial performance for Q3FY26 showed a decline compared to the same period last year. Net profit for the quarter stood at ₹0.86 lakhs, down from ₹1.76 lakhs in Q3FY25, marking a decrease of 51.14%. Revenue from operations also declined to ₹71.88 lakhs from ₹83.47 lakhs in the corresponding quarter of the previous year.
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹71.88 lakhs | ₹83.47 lakhs | -13.89% |
| Net Profit | ₹0.86 lakhs | ₹1.76 lakhs | -51.14% |
| Total Expenses | ₹70.64 lakhs | ₹80.71 lakhs | -12.48% |
| Finance Costs | ₹45.10 lakhs | ₹68.06 lakhs | -33.73% |
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, the company reported total income of ₹226.87 lakhs compared to ₹205.71 lakhs in the corresponding period of FY25. However, net profit declined to ₹5.59 lakhs from ₹6.70 lakhs in the previous year, representing a decrease of 16.57%.
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Total Income | ₹226.87 lakhs | ₹205.71 lakhs | +10.29% |
| Net Profit | ₹5.59 lakhs | ₹6.70 lakhs | -16.57% |
| Interest Income | ₹215.73 lakhs | ₹198.52 lakhs | +8.67% |
Revenue Composition and Expenses
The company's revenue primarily consists of interest income, which stood at ₹71.88 lakhs for Q3FY26 compared to ₹83.47 lakhs in Q3FY25. Finance costs, the major expense component, decreased significantly to ₹45.10 lakhs from ₹68.06 lakhs year-over-year. Other expenses increased to ₹21.93 lakhs from ₹8.72 lakhs in the same quarter last year.
Board Appointments and Corporate Governance
The company announced the appointment of Mr. Ganga Sharan Pandey as Additional Non-Executive Independent Director with effect from February 7, 2026. The appointment details include:
| Appointment Details | Information |
|---|---|
| Name | Mr. Ganga Sharan Pandey |
| DIN | 02292513 |
| Qualification | B.COM, C.A |
| Experience | 27 years in accounts and taxation |
| Term | 5 years (February 7, 2026 to February 6, 2031) |
| Status | Subject to shareholder approval |
Key Financial Metrics
The company maintained its paid-up equity share capital at ₹665.00 lakhs with a face value of ₹10 per share. Earnings per share for Q3FY26 stood at ₹0.01 compared to ₹0.03 in Q3FY25. For the nine-month period, EPS was ₹0.08 compared to ₹0.10 in the previous year.
The financial results were prepared in accordance with Indian Accounting Standards and have been reviewed by the audit committee and approved by the board of directors. The results were subject to limited review by GGPS & Associates, the company's statutory auditors.
