Swastika Investmart Reports Q3FY26 Financial Results with Revenue and Profit Decline
Swastika Investmart Limited reported Q3FY26 results showing declining performance with standalone revenue falling to ₹2,794.78 crores from ₹3,279.23 crores year-on-year and net profit decreasing to ₹406.49 crores from ₹607.80 crores. The company's board approved a 25% stake acquisition in Nyati Holdings Private Limited for ₹25,000 and announced management changes in the merchant banking division effective April 2026.

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Swastika Investmart Limited announced its Q3FY26 financial results for the quarter ended December 31, 2025, revealing a challenging performance with declines in both revenue and profitability compared to the previous year. The company's board meeting held on January 22, 2026, approved the unaudited standalone and consolidated financial results along with several strategic business decisions.
Financial Performance Overview
The company's standalone financial performance showed a mixed trend across different time periods. For the quarter ended December 31, 2025, total revenue from operations declined year-on-year, while nine-month performance also reflected similar challenges.
| Metric | Q3 FY26 | Q3 FY25 | Change (%) |
|---|---|---|---|
| Total Revenue from Operations | ₹2,794.78 cr | ₹3,279.23 cr | -14.77% |
| Net Profit | ₹406.49 cr | ₹607.80 cr | -33.11% |
| Basic EPS | ₹2.02 | ₹4.11 | -50.85% |
| Total Income | ₹2,797.55 cr | ₹3,281.98 cr | -14.75% |
Revenue Composition and Segment Performance
The company's revenue streams showed varied performance across different business segments. Fees and commission income decreased to ₹1,475.86 crores in Q3FY26 from ₹1,730.28 crores in Q3FY25. However, interest income showed growth, increasing to ₹847.00 crores from ₹697.17 crores year-on-year.
Merchant banking fees experienced a significant decline, falling to ₹265.78 crores from ₹568.19 crores in the corresponding quarter of the previous year. Sale of shares and securities contributed ₹110.00 crores compared to ₹167.31 crores in Q3FY25.
Nine-Month Performance Analysis
For the nine months ended December 31, 2025, the company reported total revenue from operations of ₹8,152.22 crores compared to ₹10,893.83 crores in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹1,104.81 crores versus ₹1,942.64 crores in the previous year.
| Parameter | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹8,152.22 cr | ₹10,893.83 cr | -25.17% |
| Net Profit | ₹1,104.81 cr | ₹1,942.64 cr | -43.12% |
| Basic EPS | ₹5.69 | ₹13.13 | -56.66% |
Consolidated Results
On a consolidated basis, the company reported revenue from operations of ₹2,808.03 crores for Q3FY26 compared to ₹3,416.32 crores in Q3FY25. Consolidated net profit including share of associates stood at ₹369.25 crores versus ₹611.43 crores in the previous year quarter.
The consolidated results include three wholly owned subsidiaries: Swastika Fin-Mart Private Limited, Swastika Investmart (IFSC) Private Limited, and Avisa Wealth Manager Private Limited, along with the share of profit/loss from associate company Swastika Insurance Broking Services Limited.
Strategic Business Decisions
The board approved several key strategic initiatives during the meeting. The company will acquire 2,500 equity shares representing 25% of the paid-up share capital of Nyati Holdings Private Limited for a consideration not exceeding ₹25,000. Upon completion, Nyati Holdings will become an associate company.
| Development | Details |
|---|---|
| Acquisition Target | Nyati Holdings Private Limited |
| Stake Percentage | 25% |
| Investment Amount | Up to ₹25,000 |
| Status | Associate Company |
Management Changes
Effective April 1, 2026, the company announced key management changes in its merchant banking division. Mr. Mohit Goyal's designation will change from Compliance Officer to Principal Officer of the Merchant Banking Division, while Ms. Mansi Malviya will be appointed as the new Compliance Officer for the Merchant Banking Division and designated as Senior Management Personnel.
Segment Analysis
The consolidated segment results revealed that broking and related activities generated revenue of ₹2,529.00 crores in Q3FY26, while merchant banking activities contributed ₹265.78 crores. The segment profit from broking activities was ₹348.29 crores, and merchant banking activities reported a profit of ₹198.41 crores for the quarter.
Historical Stock Returns for Swastika Investmart
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.10% | -6.12% | -6.81% | -45.15% | -62.87% | +77.31% |


































