StockWatch
·

PRIME SECURITIES LTD.

BSE: 500337

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
17.08
+113.5%+6.6%
Expenditure
5.29
-57.9%-64.6%
Net Profit
9.06
+343.5%+1061.5%
OPM %
72.95%
+133.73pp+67.14pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
-6.340.447.2113.9920.77Q3 FY19Q4 FY19Q1 FY20Q2 FY20Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Prime Securities Q1: consolidated PAT ₹2.0 Cr, down 81% YoY as Trigen Wealth costs bite

investment banking · wealth management · margin compression

ResultsQ1 FY2723 Jul 20263 minFinancial Services
Latest
Quarterly Result23 Jul, 8:00 pm

Prime Securities Q1: consolidated PAT ₹2.0 Cr, down 81% YoY as Trigen Wealth costs bite

Prime Securities returned to consolidated profit in Q1 FY27 with PAT of ₹2.01 Cr (₹2.36 Cr before an associate loss of ₹0.35 Cr), recovering from a ₹13.22 Cr consolidated loss in Q4 FY26 — but on a year-on-year basis the print is sharply weaker: PAT fell ~81% from ₹10.48 Cr and total income dropped 28% to ₹33.68 Cr from ₹46.91 Cr a year ago. Stripping the ₹1.33 Cr current-quarter exceptional (an ECL top-up on the settled PRAL corporate-advisory claim), adjusted PAT is still down ~68% YoY, so the exceptional is not the story. The real driver is deliberate: the group is funding the ramp-up of its wealth vertical, Prime Trigen Wealth, which alone booked a PBT loss of ₹10.82 Cr (versus a ₹4.41 Cr loss in Q1 FY26), with employee expense up ₹9.38 Cr YoY. Consolidated net margin therefore compressed to ~6.0% from 22.3% a year earlier, the squeeze sitting almost entirely on the employee/build-out line rather than on the core advisory business. The standalone accounts, which exclude the subsidiary drag, tell a much healthier story — standalone PAT of ₹9.06 Cr (EPS ₹2.67) on ₹17.08 Cr of income — a >3% divergence in trajectory from the consolidated view that readers should note is a structural funding effect, not a discrepancy. Management's own framing (press release) leans on "solid investment banking revenues" with a higher number and larger size of deals, consistent with the ₹1,220 Cr steel-infra acquisition Prime advised in June; it explicitly cautions that the advisory business "does not lend itself to quarterly comparisons." On the wealth build-out, management guides fixed costs of ~₹60 Cr in FY27 with trail-income revenue deferred ~a year by regulation, AUM/AUA already past ₹5,000 Cr (1,400+ clients, 105+ staff, 14 locations), income expected to begin Q2/Q3 FY27 and break-even in about five-to-six quarters. There is no prior formal guidance on record to score this against, and no brokerage consensus exists for a company of this size, so both the street and guidance angles are unknown. Cash plus investments stood at ~₹270 Cr.

23 Jul 2026, 08:00 pm

Corporate Events

Board MeetingPRIMESECU
2026
29Sep

Board Meeting

The 43rd Annual General Meeting of the Members of Prime Secu…

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Board MeetingPRIMESECU
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19Jan

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Board MeetingPRIMESECU
2023
30Oct

Board Meeting

Consider and approve Unaudited Financial Results for the Qua…

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Board MeetingPRIMESECU
2023
8Aug

Board Meeting

Consider and approve Unaudited Financial Results for the Qua…

BSE Filing