P.H. Capital Limited , a company engaged in trading of shares and securities, has announced its financial results for the second quarter and half-year ended September 30, 2025. The company reported a significant shift in its performance compared to the previous quarter, reflecting the volatile nature of the stock market.

Key Financial Highlights

Quarterly Performance

P.H. Capital experienced a challenging second quarter, reporting a net loss of Rs 89.94 lakh, a stark contrast to the net profit of Rs 700.13 lakh in the previous quarter. The total revenue from operations stood at Rs 3,120.26 lakh, showing a significant decrease from the first quarter's revenue of Rs 5,799.63 lakh.

Half-Yearly Results

For the half-year period ended September 30, 2025, the company recorded a net profit of Rs 610.19 lakh, compared to Rs 1,248.99 lakh in the corresponding period last year. This represents a year-on-year decline of about 51% in net profit for the first half of the fiscal year.

Balance Sheet Strengthening

Despite the quarterly loss, P.H. Capital's balance sheet showed signs of strengthening:

• Total assets increased to Rs 6,389.04 lakh as of September 30, 2025, from Rs 6,339.75 lakh in March 2025.
• Cash and cash equivalents rose significantly to Rs 3,583.23 lakh from Rs 170.92 lakh, indicating improved liquidity.

Management Review

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 13, 2025.

Market Context

As a company primarily engaged in trading shares and securities, P.H. Capital's performance is closely tied to stock market conditions. The volatility in quarterly results may reflect the broader market trends and trading opportunities during the period.

Conclusion

While P.H. Capital faced headwinds in Q2 FY2026, the overall half-yearly performance remains positive, albeit lower than the previous year. The significant increase in cash and cash equivalents suggests that the company may be well-positioned to capitalize on future market opportunities.

PH Capital , a key player in the Prabhudas Lilladher Group, has announced a significant leadership change with the appointment of Zarin Daruwala as its new Group Chief Executive Officer. This strategic move, set to take effect from October 13, 2025, signals the company's ambitious plans for growth and diversification.

Leadership Profile

Zarin Daruwala brings a wealth of experience to her new role:

Strategic Implications

Daruwala's appointment aligns with PH Capital's expansion strategy across multiple business verticals:

• Broking
• Institutional equities
• Investment banking
• Wealth management
• Asset management

This move underscores the company's commitment to strengthening its market position and enhancing its service offerings.

PH Capital's Current Footprint

The company's existing presence provides a solid foundation for future growth:

Future Outlook

With Daruwala at the helm, PH Capital aims to:

1. Deepen its presence across India
2. Strengthen technology capabilities
3. Drive expansion across various business verticals

This appointment marks a significant step in PH Capital's journey towards becoming a more diversified and technologically advanced financial services provider in India.

The strategic selection of Zarin Daruwala, with her extensive banking experience and proven track record in transformation, suggests that PH Capital is positioning itself for substantial growth in the coming years. As the financial services landscape in India continues to evolve, this move may well set the stage for PH Capital to enhance its competitive edge in the market.