Earnings growth was led by operating leverage and strength in non-broking segments. EBITDA rose 51% to ₹110.3 crore, with margins expanding to 43%. Profit after tax (PAT) surged 126% year-on-year to ₹41.6 crore, translating into a PAT margin of 16%.
Net interest income (NII) rose 57.9% year-on-year to ₹69.8 crore from ₹44.2 crore.
For the full year FY26, revenue from operations grew 10% to ₹932.2 crore, while EBITDA rose 22% to ₹379.6 crore with a margin of 41%. PAT increased 25% to ₹129.3 crore.
Chairman and Managing Director Pradeep Gupta said FY26 remained challenging for capital markets, citing geopolitical tensions, global trade shifts and foreign institutional investor outflows. “We witnessed a slight dip of 6.8% in our broking revenues… more than compensated by a 32.6% increase in interest on MTF and 44.1% rise in distribution income,” he said.
Wholetime Director Roop Kishor Bhootra noted that non-core segments continued to drive growth, with interest income from margin trading facility (MTF) rising 50% and distribution income up 34% during the quarter.
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The MTF book grew 61% year-on-year to ₹1,101.9 crore, while assets under management (AUM) rose 21% to ₹7,787.6 crore, reflecting sustained client engagement and diversification.
The board recommended a final dividend of ₹5 per share (100% of face value), subject to shareholder approval. Shares closed at ₹573.25 on the NSE ahead of the results.
