News Earnings Mehta Securities Limited Reports Q3FY26 Loss of ₹2.82 Lakhs, Appoints New Internal AuditorsMehta Securities Limited Reports Q3FY26 Loss of ₹2.82 Lakhs, Appoints New Internal Auditors
Mehta Securities Limited announced Q3FY26 results showing a net loss of ₹2.82 lakhs versus ₹2.95 lakhs in Q3FY25, with total income rising 17% to ₹3.72 lakhs. The company also appointed new internal auditors M/s. Trivedi Parikh and Shah, replacing M/s. P. P. Patel & Brothers who resigned due to pre-occupation with other assignments.
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Mehta Securities Limited announced its unaudited financial results for the quarter ended December 31, 2025, revealing a net loss of ₹2.82 lakhs compared to a loss of ₹2.95 lakhs in the corresponding quarter of the previous year. The company's board meeting held on February 6, 2026, approved the quarterly results along with significant changes in the internal audit function.
Financial Performance Overview
The company's financial performance for Q3FY26 showed mixed results with a marginal improvement in losses compared to the previous year:
| Metric: | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Total Income: | ₹3.72 lakhs | ₹3.18 lakhs | +17.0% |
| Total Expenses: | ₹6.54 lakhs | ₹6.13 lakhs | +6.7% |
| Net Loss: | ₹2.82 lakhs | ₹2.95 lakhs | -4.4% |
| Basic EPS: | (₹0.09) | (₹0.10) | Improved |
The company's total income of ₹3.72 lakhs for Q3FY26 was primarily driven by dividend income of ₹3.68 lakhs and interest income of ₹0.03 lakhs. This represents an increase from the ₹3.18 lakhs total income recorded in Q3FY25, which included dividend income of ₹3.06 lakhs and interest income of ₹0.12 lakhs.
Nine-Month Performance Analysis
For the nine-month period ended December 31, 2025, Mehta Securities reported deteriorating performance compared to the previous year:
| Parameter: | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Total Income: | ₹22.36 lakhs | ₹21.01 lakhs | +6.4% |
| Total Expenses: | ₹25.92 lakhs | ₹22.83 lakhs | +13.5% |
| Net Loss: | ₹3.55 lakhs | ₹1.81 lakhs | +96.1% |
The nine-month results show that while income increased marginally, expenses grew at a faster pace, leading to a significantly higher net loss of ₹3.55 lakhs compared to ₹1.81 lakhs in the corresponding period of the previous year.
Expense Structure
The company's expense breakdown for Q3FY26 included employee benefits expenses of ₹3.29 lakhs, other expenses of ₹2.75 lakhs, and depreciation of ₹0.34 lakhs. Professional fees and consulting fees amounted to ₹0.15 lakhs during the quarter. For the nine-month period, total expenses reached ₹25.92 lakhs, with employee benefits expenses accounting for ₹9.85 lakhs and other expenses totaling ₹8.01 lakhs.
Internal Auditor Changes
The company announced significant changes in its internal audit function during the board meeting. M/s. P. P. Patel & Brothers, Chartered Accountants (FRN: 107743W), resigned from their position as internal auditors effective February 4, 2026, due to pre-occupation with other assignments.
| Details: | Information |
|---|---|
| Outgoing Auditors: | M/s. P. P. Patel & Brothers (FRN: 107743W) |
| Resignation Date: | February 4, 2026 |
| New Auditors: | M/s. Trivedi Parikh and Shah (FRN: 131671W) |
| Appointment Date: | February 6, 2026 |
| Term: | Financial Year 2025-26 |
M/s. Trivedi Parikh and Shah, Chartered Accountants, Ahmedabad (FRN: 131671W), were appointed as the new internal auditors effective February 6, 2026. The new auditors bring experience in indirect taxation (GST), foreign accounting, statutory audit, taxation, and allied areas.
Capital Structure
Mehta Securities maintained a stable capital structure with paid-up equity share capital of ₹308.94 lakhs, consisting of shares with a face value of ₹10 each. The company's earnings per share for continuing operations stood at (₹0.09) for Q3FY26 and (₹0.12) for the nine-month period ended December 31, 2025.
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