Sumedha Fiscal Services Limited , a prominent player in the investment banking sector, has released its financial results for the second quarter, revealing a mixed performance with notable changes in key financial metrics.

Financial Highlights

The company reported a consolidated net profit of Rs 156.99 crore for the quarter ended September 30, marking a 23% decrease from Rs 203.76 crore in the previous quarter. Despite this decline, Sumedha Fiscal Services saw a significant increase in its revenue from operations, which rose to Rs 3,329.02 crore from Rs 1,970.47 crore in the previous quarter.

Revenue Breakdown

The primary driver of the company's revenue was the sale of stock-in-trade shares and securities, contributing Rs 2,853.59 crore in Q2. This represents a substantial increase from the previous quarter's figure of Rs 1,714.36 crore.

Key Financial Metrics

Half-Year Performance

For the half-year period ended September 30, Sumedha Fiscal Services reported:

• Consolidated net profit of Rs 448.33 crore
• Total revenue from operations of Rs 5,299.49 crore
• Earnings per share (EPS) of Rs 5.62

Management Commentary

Bhawani Shankar Rathi, Whole-time Director of Sumedha Fiscal Services, stated, "The Board of Directors approved these unaudited financial results at their meeting held on November 10. While we've seen a significant increase in our revenue from operations, particularly in our stock-in-trade segment, we acknowledge the challenges reflected in our quarterly net profit figures."

Balance Sheet Highlights

As of September 30, the company reported:

• Total assets of Rs 7,295.51 crore
• Total equity of Rs 6,814.87 crore
• Cash and cash equivalents of Rs 360.17 crore

Segment Performance

Sumedha Fiscal Services continues to primarily engage in the "Investment Banking" business, which constitutes a single reporting segment. The management does not monitor the operating results of its business units separately for resource allocation and performance assessment purposes.

Looking Ahead

While the company has experienced a decline in quarterly profits, the substantial increase in revenue from operations, particularly from the sale of stock-in-trade shares and securities, indicates potential for growth. Investors and analysts will likely be watching closely to see how Sumedha Fiscal Services navigates the challenges and opportunities in the coming quarters.

The financial results provide a snapshot of the company's performance in a dynamic market environment. As always, investors are advised to consider these results in the context of broader market trends and the company's long-term strategies.

Sumedha Fiscal Services Ltd has received approval from the Calcutta Stock Exchange (CSE) for the voluntary delisting of its equity shares. The company had previously submitted an application for this delisting on September 24, 2025.

Delisting Approval and Effective Date

The Calcutta Stock Exchange has granted approval for the voluntary delisting of Sumedha Fiscal Services' equity shares. The delisting will take effect from December 1, 2025. As a result, the company will be removed from CSE's official list in accordance with SEBI delisting regulations.

Continued Listing on BSE

While Sumedha Fiscal Services will be delisted from the Calcutta Stock Exchange, the company will continue to remain listed on the Bombay Stock Exchange (BSE). This ensures that investors will still have a platform to trade the company's shares.

Regulatory Compliance

The delisting process has been carried out in compliance with the applicable regulations, including the SEBI (Delisting of Equity Shares) Regulations, 2021. The company has followed the necessary procedures and obtained the required approvals for this voluntary delisting.

Implications for Investors

Investors who primarily traded Sumedha Fiscal Services shares on the Calcutta Stock Exchange may need to adjust their trading strategies. However, the continued listing on BSE ensures that there is still a market for the company's shares.

Company's Communication

Sumedha Fiscal Services has provided updates throughout this process. The company had previously communicated its intent to delist and has now informed stakeholders about the approval and effective date of the delisting.

Shareholders and potential investors are advised to take note of this development and make informed decisions based on their investment strategies and goals.