Prime Securities Reports 39% Growth in Fee Income, Expands Workforce Amid Strategic Growth
Prime Securities Limited (PSL) announced unaudited financial results for H1 FY26, ending September 30, 2025. Fee and commission income increased by 39% year-on-year to INR 6,896.00 lakhs. Total income rose to INR 7,814.00 lakhs, up 32%. Despite revenue growth, profit after tax decreased to INR 2,425.00 lakhs due to increased expenses. The company significantly expanded its workforce from 35 to 120 employees. Prime Trigen Wealth, PSL's wealth management arm, onboarded over 400 clients and 300 families, operating from 8 locations with 80 professionals. Management remains optimistic about future prospects, focusing on building annuity income flows alongside transactional revenues.

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Prime Securities Limited (PSL) has announced its unaudited financial results for the quarter and half year ended September 30, 2025, showcasing significant growth in fee income and a substantial expansion of its workforce. The company's strategic focus on building annuity income flows alongside transactional revenue streams has yielded positive results in its investment banking and wealth management verticals.
Financial Highlights
PSL reported a robust 39% year-on-year increase in fee and commission income for the first half of FY26, reaching INR 6,896.00 lakhs compared to INR 4,946.00 lakhs in the same period last year. The company's total income also saw a notable rise, climbing to INR 7,814.00 lakhs from INR 5,897.00 lakhs in H1 FY25.
Financial Metric | H1 FY26 | H1 FY25 | % Change |
---|---|---|---|
Fee and Commission Income | 6,896.00 | 4,946.00 | +39% |
Total Income | 7,814.00 | 5,897.00 | +32% |
Employee Expenses | 2,678.00 | 1,674.00 | +60% |
Total Expenses | 5,637.00 | 2,876.00 | +96% |
Profit After Tax | 2,425.00 | 2,930.00 | -17% |
All figures in INR lakhs
Despite the significant growth in revenue, the company's profit after tax decreased to INR 2,425.00 lakhs from INR 2,930.00 lakhs in H1 FY25. This decline can be attributed to the substantial increase in employee expenses and overall operational costs associated with the company's expansion strategy.
Workforce Expansion and Strategic Growth
A key highlight of PSL's half-yearly report is the dramatic expansion of its workforce. The company has significantly increased its headcount from approximately 35 employees in September 2024 to 120 employees by September 2025. This strategic expansion has led to a 60% increase in employee expenses, which rose to INR 2,678.00 lakhs compared to INR 1,674.00 lakhs in the previous year.
Prime Trigen Wealth Performance
Prime Trigen Wealth, the company's wealth management arm, has shown impressive growth in its first six months of operations:
- Onboarded over 400 clients and 300 families
- Operating from 8 locations
- Employs over 80 professionals
This rapid expansion of Prime Trigen Wealth underscores PSL's commitment to diversifying its revenue streams and building a robust wealth management franchise.
Management Commentary
N. Jayakumar, Managing Director and Group CEO of Prime Securities Limited, commented on the results: "While investors should note that the advisory business does not lend itself to quarterly or annual comparisons, much less extrapolation, it is equally important to highlight that both the number and size of deals have been steadily rising. The management remains optimistic on the prospects of the Company over the next few years."
Strategic Outlook
Prime Securities is focusing on creating annuity revenue flows through franchise businesses like Prime Trigen Wealth. This strategy aims to smooth out the episodic nature of the investment banking business, providing more stable and predictable revenue streams.
The company's growth strategy, marked by significant investments in human capital and new business lines, positions it for potential long-term growth in the financial advisory and wealth management sectors. However, investors should note that these investments have impacted short-term profitability, as reflected in the current financial results.
As Prime Securities continues to expand its operations and client base, the coming quarters will be crucial in determining the success of its growth strategy and its ability to translate increased revenue into improved bottom-line performance.
Historical Stock Returns for Prime Securities
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.12% | -5.43% | +14.19% | +16.61% | -9.72% | +526.72% |