Modern Shares and Stockbrokers Reports 81% Jump in Q1 Profit to Rs 14.90 Lakhs

2 min read Updated on 07 Aug 2025, 02:52 PM

Reviewed by

Radhika SScanX News Team

Overview

Modern Shares & Stockbrokers reported a significant increase in its Q1 profits. Net profit rose 81% to Rs 14.90 lakhs from Rs 8.25 lakhs year-over-year. Total revenue increased to Rs 99.05 lakhs from Rs 89.27 lakhs, driven by growth in brokerage and commission income, which reached Rs 73.65 lakhs. The company's EPS improved to Rs 0.46 from Rs 0.32. Interest income and net gain on fair value changes also contributed to the positive results. The financial results were approved by the Board of Directors and reviewed by the Audit Committee.

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Modern Shares & Stockbrokers , a prominent player in the Indian financial services sector, has reported a significant increase in its quarterly profits, showcasing robust growth in its brokerage and commission income.

Financial Highlights

Net Profit: Rs 14.90 lakhs (Q1) vs Rs 8.25 lakhs (Q1 previous year), up 81%
Total Revenue: Rs 99.05 lakhs, up from Rs 89.27 lakhs year-over-year
Brokerage and Commission Income: Rs 73.65 lakhs, increased from Rs 62.26 lakhs
Earnings Per Share (EPS): Rs 0.46, compared to Rs 0.32 in the previous year's quarter

Key Performance Indicators

Modern Shares & Stockbrokers demonstrated strong financial performance for the quarter. The company's total revenue from operations rose to Rs 99.05 lakhs, marking a notable increase from Rs 89.27 lakhs in the same quarter last year. This growth was primarily driven by a substantial rise in brokerage and commission income, which reached Rs 73.65 lakhs, up from Rs 62.26 lakhs in the corresponding quarter of the previous year.

Profit and Earnings

The company's net profit for the quarter stood at Rs 14.90 lakhs, representing an impressive 81% increase from Rs 8.25 lakhs reported in the same period last year. This significant jump in profitability underscores the company's effective operational strategies and market positioning. The basic and diluted earnings per share (EPS) also saw a considerable improvement, rising to Rs 0.46 from Rs 0.32 year-over-year.

Additional Financial Metrics

The unaudited financial results, as approved by the Board of Directors, reveal several other noteworthy aspects of the company's performance:

Interest Income: Increased to Rs 19.81 lakhs from Rs 17.45 lakhs in the previous year's quarter
Net Gain on Fair Value Changes: Rs 4.39 lakhs, a new positive entry compared to the previous year
Total Expenses: Rs 79.70 lakhs, slightly higher than Rs 78.71 lakhs in Q1 of the previous year
Profit Before Tax: Rs 19.35 lakhs, up from Rs 10.57 lakhs in the corresponding quarter

Management Approval and Audit Review

The unaudited financial results for the quarter were reviewed by the Audit Committee and subsequently approved by the Board of Directors in a meeting held on August 7. The results have also undergone a limited review by the company's statutory auditors, B D G & CO LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conclusion

Modern Shares & Stockbrokers' strong performance in Q1, characterized by significant growth in net profit and robust increase in brokerage and commission income, reflects the company's resilience and strategic positioning in the financial services sector. As the company continues to navigate the dynamic market conditions, these results provide a solid foundation for potential growth in the coming quarters.