Quest Capital Markets Limited has fulfilled its regulatory obligations by publishing unaudited financial results for the quarter and nine months ended December 31, 2025, in leading newspapers. The company, formerly known as BNK Capital Markets Limited, submitted newspaper cuttings to BSE Limited on February 12, 2026, following the publication in Financial Express (English Edition) and Arthik Lipi (Bengali Edition) as required under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

The company demonstrated remarkable growth in its Q3FY26 performance compared to the corresponding period in the previous year. Key financial metrics showed substantial improvements across all major parameters.

Comprehensive Income Analysis

While the company reported strong operational performance, it recorded a total comprehensive loss of Rs. 11,229.91 lakhs for Q3FY26, compared to a comprehensive loss of Rs. 26,193.32 lakhs in Q3FY25. For the nine-month period, the comprehensive loss stood at Rs. 15,384.72 lakhs against a comprehensive income of Rs. 38,764.55 lakhs in the previous year.

Corporate Structure and Compliance

Quest Capital Markets Limited operates with its registered office at Duncan House, 31, Netaji Subhas Road, Kolkata. The company maintains an equity share capital of Rs. 1,000.00 lakhs with a face value of Rs. 10.00 per share. Company Secretary and Compliance Officer Bhawna Agarwal signed the regulatory submission, ensuring adherence to listing requirements.

Board Approval and Audit Committee Review

The unaudited financial results underwent thorough review by the Audit Committee before receiving approval from the Board of Directors at their meeting held on February 11, 2026. The results represent the balance between unaudited figures for the nine months ended December 31, 2025, and those published for the half year ended September 30, 2025.

Regulatory Compliance

The company has made complete financial results available on the BSE website ( www.bseindia.com ) and its corporate website ( www.qcml.in ) as mandated by SEBI regulations. This publication ensures transparency and provides stakeholders with comprehensive access to the company's financial performance data for the reporting period.

Quest Capital Markets Limited , a prominent player in the Indian financial sector, has announced its unaudited financial results for the quarter ended September 30, 2025, revealing a mixed performance with a decline in both revenue and profitability, alongside significant investment volatility.

Financial Highlights

The company reported a total revenue from operations of Rs 116.35 lakhs for Q2, compared to Rs 154.09 lakhs in the same period last year, marking a decrease of about 24.5%. This decline was primarily attributed to lower interest income and reduced dividend receipts.

Profitability also saw a downturn, with the net profit for Q2 at Rs 76.25 lakhs, down from Rs 106.03 lakhs in the corresponding quarter of the previous year, representing a decrease of approximately 28.1%.

Key Financial Metrics

Notably, the company experienced significant other comprehensive loss of Rs 7,846.37 lakhs due to fair value changes in investments, which may indicate substantial volatility in the company's investment portfolio.

Investment Volatility

The substantial other comprehensive loss of Rs 7,846.37 lakhs attributed to fair value changes in investments is a significant development. This volatility in the investment portfolio could have implications for the company's overall financial health and future strategies.

Investor Insights

The decline in both revenue and profitability, coupled with the substantial investment-related losses, may raise concerns among investors. Key points for consideration include:

1. The company's ability to address the trend of declining revenues, particularly in interest income and dividend receipts.
2. Potential strategies to manage the impact of investment volatility on the company's financial performance.
3. Any possible changes in the company's investment approach or risk management strategies in light of the significant fair value losses.

As Quest Capital Markets navigates these challenges, investors will be keenly watching for any strategic or operational updates aimed at addressing performance and managing investment risks in the evolving financial landscape.