BSEL Algo Limited Announces Leadership Change and Q1 FY2026 Financial Results
BSEL Algo has appointed Mr. Mohit Kishar Jain as the new Chairman and Managing Director for a five-year term, following Mr. Santosh Sambhu Tambe's resignation. The company reported a significant revenue decline in Q1 FY2026, with total income dropping 95.62% year-over-year to ₹101.99 lakhs. Despite this, BSEL Algo remained profitable, posting a net profit of ₹15.07 lakhs. The company has reclassified income from Algorithmic Trading Gains and API Sales as main revenue income from FY 2023-24.
*this image is generated using AI for illustrative purposes only.
BSEL Algo has announced a significant leadership change along with its financial results for the first quarter of fiscal year 2026. The company, which specializes in algorithmic trading and API sales, has appointed a new Chairman and Managing Director while reporting a profit for the quarter ended June 30, 2025.
Leadership Transition
Mr. Santosh Sambhu Tambe has resigned from his position as Managing Director of BSEL Algo, citing personal reasons. His resignation takes effect from the close of business hours on August 4, 2025. In response to this change, the Board of Directors has appointed Mr. Mohit Kishar Jain as the new Chairman and Managing Director for a five-year term, from August 4, 2025, to August 3, 2030, subject to shareholder approval.
Mr. Jain brings a wealth of experience to his new role. He is a seasoned marketing professional with expertise in stock market analysis, mutual funds, and Portfolio Management Services (PMS). Holding a Bachelor's degree in Management Studies from the University of Mumbai, Mr. Jain has demonstrated skills in digital marketing, brand positioning, client relationship management, and market research.
Q1 FY2026 Financial Highlights
For the quarter ended June 30, 2025, BSEL Algo reported the following standalone financial results:
| Particulars (in ₹ Lakhs) | Q1 FY2026 | Q1 FY2025 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 54.23 | 2,275.16 | -97.62% |
| Other Income | 47.76 | 51.05 | -6.44% |
| Total Income | 101.99 | 2,326.21 | -95.62% |
| Total Expenses | 24.78 | 28.69 | -13.63% |
| Profit Before Tax | 77.21 | 2,297.52 | -96.64% |
| Profit After Tax | 15.07 | 1,843.71 | -99.18% |
| Earnings Per Share (Basic & Diluted) | 0.02 | 2.23 | -99.10% |
Key Observations
Revenue Decline: The company experienced a significant year-over-year decrease in revenue from operations, dropping from ₹2,275.16 lakhs in Q1 FY2025 to ₹54.23 lakhs in Q1 FY2026.
Profitability: Despite the revenue decline, BSEL Algo maintained profitability, albeit at a much lower level compared to the same quarter last year.
Expense Management: Total expenses decreased by 13.63% year-over-year, indicating some cost control measures.
Earnings Per Share: The basic and diluted EPS for Q1 FY2026 stood at ₹0.02, compared to ₹2.23 in the same quarter of the previous fiscal year.
Management Commentary
The company noted that it has shifted income from Algorithmic Trading Gains and API Sales to the main revenue income category from the financial year 2023-24, in accordance with Accounting Standards AS-1 and AS-5. This change reflects the growing importance of these activities as primary sources of income for BSEL Algo.
The Board of Directors, along with the Audit Committee, has reviewed and approved these financial results. The statutory auditors have also conducted a limited review of the financial statements for the quarter ended June 30, 2025.
As BSEL Algo navigates through this leadership transition and adapts to changing market conditions, investors and stakeholders will be watching closely to see how the new management team addresses the challenges and opportunities ahead.
Historical Stock Returns for BSEL Algo
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.08% | -6.08% | -15.34% | -23.37% | -61.41% | -58.92% |
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