StockWatch
·

SHARDUL SECURITIES LTD.

BSE: 512393

P/L Snapshot

Q2 FY27 · standalone

vs Q1 FY27·vs Q2 FY26
Revenue
-27.97
-116.1%+29.8%
Expenditure
12.42
+21.7%+57.7%
Net Profit
-32.34
-124.6%+14.6%
OPM %
100.00%
+1.33pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
-111.06-32.3346.40125.13203.86Q2 FY19Q3 FY19Q4 FY19Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Price Chart
Reports

Shardul Securities logs ₹32.8 Cr consolidated loss as investment MTM losses swing P&L

nbfc · investment holding company · mark-to-market loss

ResultsQ2 FY2720 Oct 20263 minFinancial Services

Shardul Securities: The Conviction Bet—When Promoters Buy Below Their Own Acquisition Price

insider buying · promoter conviction · micro-cap turnaround

ResearchFollow-up25 Jul 20266 minFinancial Services

Shardul Securities: The 20-Point Stake Climb

promoter consolidation · shareholding · insider conviction

ResearchDeep dive25 Jul 20268 minFinancial Services
Latest
Board Meeting20 Oct, 2:11 pm

Shardul Securities logs ₹32.8 Cr consolidated loss as investment MTM losses swing P&L

Shardul Securities (consolidated, primary) posted a net loss of ₹32.81 Cr for Q2 FY27, against a net profit of ₹142.67 Cr in Q1 FY27 and a smaller loss of ₹38.50 Cr in Q2 FY26 — the loss narrowed roughly 15% year-on-year even as it swung sharply from the preceding quarter's profit. Standalone mirrors this almost exactly at -₹32.34 Cr, confirming the parent's own proprietary book, not the Shriyam Broking or Shriyam Realtors subsidiaries, drove the result. There is no analyst coverage or formal street consensus on record for this stock (a web search for Q2 FY27 previews returned none), so vsStreet is unknown; management has also issued no prior formal guidance for this quarter, so the result cannot be graded against an outlook either. The loss traces entirely to a ₹35.33 Cr net loss on fair-value changes in the FVTPL investment portfolio this quarter, reversing a ₹184.16 Cr mark-to-market gain in Q1 FY27 — total income swung from +₹189.26 Cr to -₹26.29 Cr sequentially. Because total income itself is negative, conventional NPM/OPM margin ratios are not meaningful this quarter; the only offset was a ₹15.98 Cr deferred tax credit that cushioned the ₹40.59 Cr pre-tax loss down to the ₹32.81 Cr net figure. EPS came in at -₹3.75 (basic, consolidated) versus +₹16.31 in Q1 FY27 and -₹4.40 in Q2 FY26. Two balance-sheet developments stand out alongside the P&L: the company originated a new ₹110 Cr loan book this half (nil as of March 2026), funded by borrowings rising ~65% to ₹453.64 Cr from ₹274.02 Cr, marking a leverage increase to fund lending activity. Separately, the Board's ₹115.20 Cr buyback (1.92 Cr shares at ₹60/share) has its tender window running October 14-21, 2026, concurrent with this result. No management press release accompanying the filing was available to extract for additional framing.

20 Oct 2026, 02:11 pm

Corporate Events

Board MeetingSHARDUL
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Board Meeting

The Board of Directors will consider and approve Un-Audited …

BSE Filing ↗
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The 41st Annual General Meeting will be held to receive, con…

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The Board of Directors will meet to consider and approve Aud…

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Stock SplitSHARDUL
2025
13Jan

1:5

BSE Filing ↗
Board MeetingSHARDUL
2024
11Nov

Board Meeting

To consider inter-alia Un-Audited Financial Results of the C…

BSE Filing ↗
Board MeetingSHARDUL
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6Feb

Board Meeting

Consider and approve Un-Audited Financial Results Of The Com…

BSE Filing ↗
Board MeetingSHARDUL
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3Jan

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Consideration and approval of Delisting Proposal

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Board MeetingSHARDUL
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31Dec

Board Meeting

consider and approve unaudited financial result of the compa…

BSE Filing ↗
Board MeetingSHARDUL
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9Nov

Board Meeting

Consider and approve Un-Audited Financial Results of the Com…

BSE Filing ↗
Board MeetingSHARDUL
2023
14Aug

Board Meeting

Consider and approve Un-Audited Financial Result of the Comp…

BSE Filing ↗