Ratnakar Securities Reports Decline in Q3FY26 Quarterly Performance
Ratnakar Securities Limited reported Q3FY26 results showing net profit of ₹44,359.92 hundreds, down from ₹61,414.43 hundreds in Q3FY25. Revenue from operations declined to ₹4,46,727.52 hundreds from ₹4,91,077.46 hundreds year-over-year. The company continues working on merger formalities following NCLT approval and is pursuing relisting on BSE after paying required regulatory fees.
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Ratnakar Securities Limited (formerly known as Mangalya Soft-Tech Limited) has announced its unaudited standalone financial results for the quarter ended December 31, 2025, revealing a mixed performance with declining profitability compared to the previous year.
Financial Performance Overview
The company's financial metrics for Q3FY26 showed a downward trend in key performance indicators. Net profit for the quarter declined significantly, while revenue from operations also experienced a contraction year-over-year.
| Financial Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Net Profit | ₹44,359.92 hundreds | ₹61,414.43 hundreds | Decline |
| Revenue from Operations | ₹4,46,727.52 hundreds | ₹4,91,077.46 hundreds | Decline |
| Total Income | ₹4,48,484.61 hundreds | ₹5,03,796.57 hundreds | Decline |
| Total Expenses | ₹3,98,990.09 hundreds | ₹4,19,859.86 hundreds | Decline |
Revenue Composition and Performance
The company's revenue structure comprises commission and fees income, fair value changes, and interest income. Commission and fees income increased to ₹3,43,591.53 hundreds in Q3FY26 from ₹3,23,556.70 hundreds in Q3FY25. However, the company recorded a loss on fair value changes of ₹3,974.76 hundreds compared to a gain of ₹137.18 hundreds in the previous year. Interest income declined substantially to ₹1,07,110.74 hundreds from ₹1,67,383.59 hundreds year-over-year.
Nine-Month Performance Analysis
For the nine months ended December 31, 2025, the company reported net profit of ₹1,26,270.91 hundreds compared to ₹2,39,781.24 hundreds in the corresponding period of FY25. Revenue from operations for the nine-month period stood at ₹13,48,734.20 hundreds, down from ₹17,78,854.98 hundreds in the previous year.
Corporate Developments and Regulatory Status
The company is navigating several significant corporate and regulatory matters. During Q1 FY2026, Ratnakar Securities received an order from the NCLT Ahmedabad dated June 26, 2025, granting extension to file the merger order with ROC/MCA within 30 days. The company is currently processing the subsequent formalities to make the merger effective in line with NCLT conditions.
| Corporate Matter | Status |
|---|---|
| NCLT Merger Order | Extension granted June 26, 2025 |
| BSE Trading Status | Currently suspended |
| BSE Fees Payment | Completed as per Resolution Plan |
| Relisting Process | In progress |
The trading in the company's securities remains suspended by BSE Limited due to violations of SEBI and Stock Exchange Regulations. However, the company has paid the required BSE claim amount, listing fees, contingent liability, reinstatement and revocation fees as per the Resolution Plan and is actively working toward relisting its shares.
Earnings Per Share and Tax Position
Earnings per share for Q3FY26 stood at ₹0.24 compared to ₹11.81 in Q3FY25. The company's tax expense for the quarter was ₹5,134.60 hundreds, significantly lower than ₹22,522.28 hundreds in the corresponding quarter of the previous year, primarily due to deferred tax credit of ₹9,361.87 hundreds.
The company operates primarily in one business segment - broking and related services - and does not have reportable segments as per Ind AS 108. The financial results were approved by the Board of Directors on February 14, 2026, and have undergone limited review by statutory auditors.
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