B.N. Rathi Securities Ltd. — Quarter and year ended March 31, 2026
Optional commentary: Standalone audited financial results (Rs. in lakhs).
| Sl.No. | Particulars | Quarter Ended | Year Ended |
|---|---|---|---|
| March 31, 2026 (Audited) | December 31, 2025 (Unaudited) | ||
| I | Revenue from operations | ||
| a. Equity, brokerage and related income | 1,147.52 | 1,149.94 | |
| b. Other operating income | 335.38 | 352.80 | |
| II | Other income | 244.65 | 235.75 |
| III | Total income [I+II] | 1,727.55 | 1,738.49 |
| IV | Expenses | ||
| a. Brokerage | 806.73 | 790.50 | |
| b. Employee benefit expenses | 218.95 | 220.53 | |
| c. Finance costs | 20.93 | 24.19 | |
| d. Depreciation and amortisation expense | 14.12 | 10.98 | |
| e. Other expenses | 270.52 | 293.39 | |
| Total expenses | 1,331.25 | 1,339.59 | |
| V | Profit before tax [III-IV] | 396.30 | 398.90 |
| VI | Tax expense: | ||
| a. Current tax | 96.04 | 104.56 | |
| b. Earlier years’ tax | 8.81 | – | |
| c. Deferred tax | (11.36) | (1.71) | |
| Total tax expense | 93.49 | 102.85 | |
| VII | Profit for the period [V-VI] | 302.81 | 296.05 |
| VIII | Other comprehensive income (net of tax) | ||
| Items that will not be reclassified to profit or loss: | |||
| – Remeasurements of post-employment benefit obligations | 0.85 | 6.07 | |
| – Fair value changes of financial assets | (62.22) | (8.63) | |
| Total other comprehensive income | (61.37) | (8.56) | |
| IX | Total comprehensive income [VII+VIII] | 241.44 | 287.49 |
| Paid-up equity share capital | 2,087.50 | 2,087.50 | |
| Other equity | – | – | |
| X | Earnings per share (EPS) | ||
| Basic EPS | 0.73 | 0.71 | |
| Diluted EPS | 0.72 | 0.70 |
Optional commentary: Standalone statement of assets and liabilities (Rs. in lakhs).
| Particulars | As at March 31, 2026 [Audited] | As at March 31, 2025 [Audited] |
|---|---|---|
| A ASSETS | ||
| 1. Non-current assets | ||
| (a) Property, plant and equipment | 290.61 | 317.73 |
| (b) Right-of-use assets | 8.41 | 16.83 |
| (c) Other Intangible assets | 7.80 | 7.38 |
| (d) Financial assets | ||
| (i) Investments | 553.13 | 572.10 |
| (ii) Other non-current financial assets | 7,310.57 | 8,985.44 |
| (e) Deferred tax assets (net) | 59.72 | 54.10 |
| (f) Other non-current assets | 15.00 | 14.87 |
| Total non-current assets [A] | 8,245.25 | 9,968.45 |
| 2. Current assets | ||
| (a) Financial assets | ||
| (i) Investments | 0.82 | 2.33 |
| (ii) Trade receivables | 1,974.73 | 1,580.42 |
| (iii) Cash and cash equivalents | 6,702.63 | 3,206.40 |
| (iv) Bank balances other than (iii) above | 1,511.76 | 1,510.99 |
| (v) Other current financial assets | 1,756.41 | 1,610.51 |
| (b) Current tax assets (net) | 50.26 | 35.48 |
| (c) Other current assets | 60.30 | 59.21 |
| Total current assets [B] | 12,056.91 | 8,005.34 |
| TOTAL ASSETS [A+B] | 20,302.16 | 17,973.79 |
| B EQUITY AND LIABILITIES | ||
| —————————— | ——————————- | ——————————- |
| 1. Equity | ||
| (a) Equity share capital | 2,087.50 | 2,075.00 |
| (b) Other Equity | 5,485.86 | 4,624.45 |
| Total equity [A] | 7,573.36 | 6,699.45 |
| 2. Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | – | 9.40 |
| (b) Provisions | 42.02 | 36.09 |
| Total non-current liabilities [B] | 42.02 | 45.49 |
| 3. Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Trade payables | ||
| a) Total outstanding dues of micro enterprises and small enterprises | 8.33 | 8.33 |
| b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 335.52 | 215.22 |
| (ii) Lease liabilities | 9.40 | 8.39 |
| (iii) Other current financial liabilities | 12,281.33 | 10,956.10 |
| (b) Provisions | 12.50 | 10.55 |
| (c) Other current liabilities | 39.71 | 30.28 |
| Total current liabilities [C] | 12,686.78 | 11,228.85 |
| TOTAL EQUITY AND LIABILITIES [A+B+C] | 20,302.16 | 17,973.79 |
Optional commentary: Standalone statement of cash flows (Rs. in lakhs).
| Particulars | For the year ended March 31, 2026 [Audited] | For the year ended March 31, 2025 [Audited] |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit before tax | 1,420.63 | 1,319.68 |
| Adjustments for: | ||
| Depreciation and amortisation expenses | 49.67 | 62.97 |
| Interest expense other than lease liability | 74.15 | 84.11 |
| Interest expense on account of lease liability | 0.87 | 1.88 |
| Share based payments to employees | 21.20 | 76.97 |
| Share of Profit from LLP | 1.49 | 7.97 |
| Fair Value (gain)/loss on Remeasurement of Investments through FVTPL | (0.02) | (15.18) |
| Loss/(Profit) on sale of fixed assets | – | (1.09) |
| Dividend income | – | (0.70) |
| Interest income | (889.22) | (1,027.43) |
| Cash generated before working capital changes | 678.76 | 509.17 |
| Movements in working capital: | ||
| Increase/(Decrease) in trade payables | 120.29 | (10.43) |
| Increase/(Decrease) in other current liabilities | 9.43 | 2.17 |
| Increase/(Decrease) in other current financial liabilities | 1,325.23 | (2,865.92) |
| Increase/(Decrease) in long term provisions | 7.37 | 11.54 |
| Increase/(Decrease) in short term provisions | 1.95 | 0.22 |
| (Increase)/Decrease in trade receivables | (394.31) | (437.43) |
| (Increase)/Decrease in other non-current assets | (0.13) | 14.36 |
| (Increase)/Decrease in other current financial assets | (223.29) | 2,526.56 |
| (Increase)/Decrease in other current assets | (1.09) | (27.52) |
| (Increase)/Decrease in other bank balances | (0.77) | (1,499.19) |
| Cash used in operations | 1,523.44 | (1,776.47) |
| Income taxes paid | (389.77) | (370.99) |
| Net cash flow (used in)/from operating activities (A) | 1,133.67 | (2,147.46) |
| B. CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Net Sale/(Purchase) of property, plant and equipment, intangible assets and right-of-use assets | (14.56) | (24.60) |
| Net Sale/(Purchase) of non-current investments | (0.00) | (567.50) |
| (Investment)/Redemption of bank deposits | 1,674.88 | 2,944.18 |
| Net Sale/(Purchase) of current investments | 1.54 | 627.35 |
| Dividend received | – | 0.70 |
| Interest received | 966.61 | 876.06 |
| Net cash flow (used in)/from investing activities [B] | 2,628.47 | 3,856.19 |
| C. CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from issue of shares [including premium] | 25.00 | 25.00 |
| Dividend paid on equity shares | (207.50) | (153.75) |
| Interest paid | (74.15) | (74.12) |
| Interest expense on account of lease liabilities | (0.87) | (1.88) |
| Principal payment of lease liabilities | (8.39) | (10.47) |
| Net cash flow (used in)/from financing activities [C] | (265.91) | (215.23) |
| D. Net increase/(decrease) in cash and cash equivalents [A+B+C] | 3,496.23 | 1,493.50 |
| Cash and Cash equivalents at the beginning of the year | 3,206.40 | 1,712.90 |
| Cash and Cash equivalents at the end of the year | 6,702.63 | 3,206.40 |
Optional commentary: Consolidated audited financial results (Rs. in lakhs).
| S. No. | Particulars | Quarter ended 31-03-2026 (Audited) | 31-12-2025 (Unaudited) | 31-03-2025 (Audited) | Year ended 31-03-2026 (Audited) | 31-03-2025 (Audited) |
|---|---|---|---|---|---|---|
| I | Revenue from operations | |||||
| a. Equity, brokerage and related income | 1,123.53 | 1,158.03 | 695.41 | 4,174.47 | 3,637.99 | |
| b. Other operating income | 360.74 | 379.39 | 142.23 | 1,265.77 | 1,144.32 | |
| II | Other income | 245.26 | 236.53 | 191.80 | 891.72 | 1,031.80 |
| III | Total income [I+II] | 1,729.53 | 1,773.95 | 1,029.44 | 6,331.95 | 5,814.11 |
| IV | Expenses | |||||
| a. Brokerage | 812.83 | 784.40 | 487.16 | 2,850.47 | 2,339.26 | |
| b. Employee benefits expenses | 234.22 | 236.45 | 231.37 | 930.72 | 1,003.09 | |
| c. Finance costs | 20.94 | 24.19 | 18.52 | 75.03 | 85.99 | |
| d. Depreciation and amortisation expense | 15.12 | 11.98 | 15.90 | 53.67 | 65.42 | |
| e. Other expenses | 292.01 | 316.01 |