Prime Securities Reports Q3FY26 Results with Revenue Growth Amid Expansion Costs
Prime Securities Limited reported Q3FY26 results showing consolidated fee and commission income growth of 50.28% to ₹2,938 lakhs, though profit after tax declined to ₹210 lakhs from ₹820 lakhs year-on-year. The company's nine-month performance reflected total income of ₹10,787 lakhs versus ₹7,893 lakhs previously, while managing expansion costs as headcount increased to 120 employees from 42 in the prior year. Prime Trigen Wealth achieved ₹2,400+ crores AUA with 725+ clients across 8 locations, supporting the company's strategy to build annuity revenue streams alongside transactional investment banking business.
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Prime Securities Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing significant business expansion amid mixed financial performance. The financial services company reported substantial revenue growth while managing increased operational costs associated with strategic business development initiatives.
Financial Performance Overview
The company's consolidated financial results demonstrate strong revenue momentum with notable year-on-year improvements in core business metrics.
| Metric | Q3FY26 | Q3FY25 | Change (%) | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|---|---|---|
| Fee and Commission Income | ₹2,938 lakhs | ₹1,955 lakhs | +50.28% | ₹9,834 lakhs | ₹6,901 lakhs | +42.52% |
| Total Income | ₹3,019 lakhs | ₹2,118 lakhs | +42.54% | ₹10,787 lakhs | ₹7,893 lakhs | +36.66% |
| Profit After Tax | ₹210 lakhs | ₹820 lakhs | -74.39% | ₹2,635 lakhs | ₹3,750 lakhs | -29.73% |
| Basic EPS (₹) | 0.69 | 2.46 | -71.95% | 8.08 | 11.21 | -27.92% |
Business Expansion and Operational Metrics
Prime Securities has undertaken significant expansion initiatives across its business verticals. The company's total headcount increased dramatically to 120 employees as of December 31, 2025, compared to approximately 42 employees in the corresponding period of the previous year. This represents a nearly three-fold increase in workforce as the company strengthens its investment banking and wealth management capabilities.
| Parameter | Current Status |
|---|---|
| Total Group Headcount | 120 employees |
| Previous Year Headcount | ~42 employees |
| Prime Trigen Wealth AUA | ₹2,400+ crores |
| Client Base | 725+ clients, 360+ families |
| Operating Locations | 8 locations |
Expense Structure and Investment Impact
The company's expansion strategy has resulted in substantially higher operational expenses, particularly in employee costs. Employee benefit expenses increased to ₹4,252 lakhs for the nine-month period compared to ₹2,208 lakhs in the previous year. The establishment of Prime Trigen Wealth Limited has contributed approximately ₹50 crores in additional fixed expenses on an annual run-rate basis.
Wealth Management Vertical Performance
Prime Trigen Wealth Limited, the company's wealth management subsidiary, has achieved significant milestones in its initial operational phase. The subsidiary has crossed ₹2,400 crores in Assets Under Advice (AUA) and successfully onboarded over 725 clients representing more than 360 families. The wealth management division operates from 8 locations with over 90 employees, demonstrating the company's commitment to building a comprehensive wealth management platform.
Standalone Financial Results
On a standalone basis, Prime Securities reported fee and commission income of ₹1,296 lakhs for Q3FY26 compared to ₹1,254 lakhs in Q3FY25. Standalone profit after tax was ₹415 lakhs for the quarter versus ₹613 lakhs in the corresponding quarter of the previous year.
Strategic Outlook and Business Development
The company continues to focus on building a combination of annuity income flows and transactional revenue streams. Management has indicated that Prime Trigen Wealth Limited is expected to achieve break-even over the next 6 quarters. The company's growth strategy emphasizes creating annuity revenue flows through franchise businesses to balance the episodic nature of investment banking operations.
Historical Stock Returns for Prime Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.93% | -2.47% | -7.16% | -9.32% | +5.31% | +533.25% |
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