Please find attached Unaudited Financial Results for QE June 30, 2025 Respected Sir or Madam, With reference to the above and in compliance with Regulation 33(3) of SEBI LODR Regulations, 2015, we are enclosing with this letter, Provisional Financial Results (Un-audited) for the 1st quarter ended on 30 June 2025 (Q-l) for the Financial Year ended 31*%t March 2026 together with Limited Review Report by Statutory Auditors. The meeting was commenced at 16.30 Hrs. and concluded at 17.20 Hrs. This is for the information of members.NCL RESEARCH & FINANCIAL SERVICES LIMITED Registered Office : 79, Nagindas Master Road, 3rd Floor, Fort, Mumbai-400 023 CIN - L65921MH1985PLC284739, Email : ncl.research@gmail.com, Website : www.nclfin.com Statement of Un-Audited Standalone Financial Results for the Quarter ended 30th June 2025 = in Lakhs Preceding 3 Corresponding 3 Year to date Sr. Particulars 3 Months ended Months ended Months ended figures as on No. 30.06.2025 31.03.2025 30.06.2024 31.03.2025 [1 [Revenue from Operations ———SOSOC~“—S—“SC—“—SCSC‘CSC‘<~<‘<;(T(DTOSSCSCSC‘* [| _Interestincome—SOSOSCSCSSSCSC“CSCSC“‘“‘“‘“‘; COT C~«OSTC~C~«‘z A C~C~*~*«S | [_[-__- Revenue from Sale of Shares. ——OSC~—SCSCSC“s~‘“‘“‘“‘<;7C2S; ; TS Cid SCS~—tRSCSC~*~«t | [__[-__Net Gain on Fair Value of Changes. ———SOSC—~—SCSCSSCSC‘“‘<;7<2CS;7CSPSd COSC CS” a |___[Total Revenue from Operations 8 RT 20754 T3832 7 852.56 | 0 [| __ Others (@rofit/loss)inF€OTradngh ~———SOSC~—~—C—C—SCSCSC‘“‘“‘<;7<2CS;7 SPTSSTSC*d;Sr Cp SS~«SBT | CSC~*~«CS [| others (Gain/(loss) from Investments] ——SSS—S—SCSCSC‘“‘“‘“‘ Cd COSC = | [hers OSOSOSOSOSOSOOOCOCOC“‘CSC“‘“CSNNCNNO GS —— aT |W [Totalincome em) 259.54 T3933 227.747 868.18 | [Finance Costs——SOSSC~C~—~—SC“CSCSC—C“‘“‘“‘;7

Metric	Value (₹ Cr)	vs Q4 FY25
Revenue	2.60	72.7%
Total Income	2.60	86.3%
Expenditure	0.32	74.6%
PBT	2.27	1834.3%
Net Profit	1.70	1615.9%
OPM	87.85%	71.63pp
NPM	65.52%	58.41pp
EPS	0.02

NCL RESEARCH & FINANCIAL SERVICES LTD. Q1 FY26 Results