Rikhav Securities Limited , a prominent player in the shares and stock broking sector, has reported a significant financial turnaround for the half year ended September 30, 2025. The company's standalone profit surged to Rs 17.86 crore, marking a remarkable recovery from losses in previous periods.

Financial Highlights

• Revenue: Rikhav Securities saw a substantial increase in revenue from operations, which rose to Rs 379.91 crore compared to Rs 225.07 crore in the previous period and Rs 92.99 crore in the corresponding period last year.
• Profit: The company reported a standalone profit of Rs 17.86 crore, a significant improvement from a loss of Rs 26.85 crore in the previous period and a Rs 50.79 crore loss in the same period last year.
• Earnings Per Share (EPS): The EPS improved to Rs 4.66 from negative Rs 9.36 in the previous period.

Consolidated Performance

On a consolidated basis, Rikhav Securities reported a profit of Rs 17.75 crore, compared to a loss of Rs 27.00 crore in the previous period. This consolidated figure includes the performance of its wholly-owned subsidiary, RSL IFSC Private Limited.

Key Financial Metrics

Management Commentary

Hitesh H. Lakhani, Managing Director of Rikhav Securities Limited, stated, "We are pleased with our strong performance in the first half of FY2026. The significant growth in revenue and the turnaround to profitability reflect the effectiveness of our strategic initiatives and the improving market conditions."

Operational Highlights

• The company's operating profit before working capital changes stood at Rs 19.20 crore.
• There was a notable improvement in inventory management and trade receivables.
• Rikhav Securities maintained a strong liquidity position with cash and cash equivalents of Rs 9.69 crore as of September 30, 2025.

Regulatory Compliance

The company resubmitted its financial results to BSE after addressing discrepancies related to trade payables bifurcation format requirements. The Board of Directors approved these results on November 10, 2025, following a review by the Audit Committee.

Future Outlook

While the company has not provided specific forward-looking statements, the strong turnaround in financial performance suggests a positive trajectory for Rikhav Securities. The management's focus on operational efficiency and strategic growth initiatives appears to be yielding results in a challenging market environment.

Investors and stakeholders will likely keep a close watch on the company's performance in the coming quarters to see if this positive trend continues and translates into sustained growth and profitability.

Note: All financial figures are based on the standalone results unless otherwise specified.

Rikhav Securities Limited , a professionally managed stock broking company, has reported a significant increase in revenue and profitability for the half-year ended September 30, 2025. The company's unaudited consolidated financial results, approved by the Board of Directors on November 10, 2025, reveal substantial growth across key financial metrics.

Financial Highlights

Operational Performance

Rikhav Securities demonstrated strong operational efficiency during the half-year:

• Inventory levels increased to ₹151.77 crore as of September 30, 2025, from ₹111.19 crore at the end of the previous fiscal year.
• Trade receivables saw a modest increase to ₹10.99 crore from ₹10.84 crore.
• Cash and cash equivalents improved significantly, moving from a negative ₹16.14 crore to a positive ₹9.88 crore.

Balance Sheet Strengthening

The company's balance sheet showed notable improvements:

• Shareholder's funds increased to ₹244.27 crore from ₹226.51 crore at the end of March 2025.
• Short-term borrowings rose to ₹4.67 crore from ₹0.02 crore, indicating increased working capital utilization.
• Trade payables slightly increased to ₹63.41 crore from ₹62.45 crore.

Management Commentary

Hitesh H. Lakhani, Managing Director of Rikhav Securities, commented on the results: "Our performance has improved during H1FY26, reflecting steady operational progress and business expansion. We expect overall growth of around 20 to 25 percent on a year-on-year basis."

He further added, "We have commenced our Margin Trading Facility (MTF) with a current book size of approximately ₹10 crore, and we expect this segment to grow 30 to 40 percent every half year. The online account opening process has started smoothly, and our mobile application, which is already functional, will see its final enhancements completed within the next three months."

Future Outlook

Rikhav Securities appears poised for continued growth, with several initiatives underway:

• The Margin Trading Facility is expected to be a significant growth driver.
• Enhancements to the company's mobile application are nearing completion, which could improve client engagement and trading accessibility.
• The company has onboarded several institutional clients, indicating potential for increased business in this segment.

As Rikhav Securities continues to strengthen its digital capabilities and expand its service offerings, it remains optimistic about sustaining its growth trajectory in the coming periods.

Investors and stakeholders will be watching closely to see if the company can maintain this momentum in the second half of the fiscal year and beyond.