Alacrity Securities reports September loss, profit down 31%

Alacrity Securities Limited reported a net loss of Rs 71.21 lakh for the quarter ended September 30, 2026, following a Rs 7.39 crore profit in the preceding June quarter. Alacrity Securities’ profit for the half year ended September 30 fell to Rs 6.67 crore from Rs 9.62 crore a year earlier, a decline of about 31%.

Why did Alacrity Securities make a September-quarter loss?

Alacrity Securities made a September-quarter loss because total expenses of Rs 47.19 crore exceeded total revenue of Rs 46.32 crore, resulting in a pre-tax loss of Rs 87.08 lakh. In the June 2026 quarter, the company reported pre-tax profit of Rs 9.39 crore, with total revenue of Rs 112.59 crore and total expenses of Rs 103.20 crore.

Revenue from operations was Rs 45.51 crore in the September 2026 quarter, compared with Rs 111.18 crore in the June quarter and Rs 102.58 crore in the September 2025 quarter. Other income was Rs 78.76 lakh in September 2026, versus Rs 1.41 crore in June 2026 and Rs 30.20 lakh a year earlier, taking total revenue to Rs 46.32 crore.

The filing reported total expenses of Rs 47.19 crore in the September quarter, down from Rs 103.20 crore in June 2026 and Rs 55.12 crore in September 2025. Employee benefit costs were Rs 23.17 lakh, finance costs were Rs 27.40 lakh, depreciation and amortisation expense was Rs 18.48 lakh, and other expenses were Rs 63.35 lakh.

The change in inventories reduced September-quarter expenses by Rs 44.01 lakh, compared with reductions of Rs 4.50 crore in the June quarter and Rs 8.50 crore in the September 2025 quarter. The lower revenue base in the latest quarter coincided with the reversal from June-quarter profit to a loss.

How did Alacrity Securities’ first-half profit compare with last year?

Alacrity Securities’ net profit for the half year ended September 30, 2026 was Rs 6.67 crore, down from Rs 9.62 crore for the half year ended September 30, 2025. The Rs 2.95 crore reduction followed the September-quarter loss and reduced basic and diluted earnings per share to Rs 1.43 from Rs 2.06 in the prior-year half.

Profit before tax was Rs 8.52 crore for the 2026 first half, compared with Rs 12.89 crore a year earlier. Current tax expense was Rs 2.08 crore in the latest half year, while deferred tax was a credit of Rs 23.27 lakh, producing the difference between pre-tax profit and reported profit after tax.

Total revenue for the half year was Rs 158.91 crore, compared with Rs 173.60 crore in the previous year’s first half. Revenue from operations declined to Rs 156.71 crore from Rs 173.21 crore, while other income rose to Rs 2.20 crore from Rs 38.92 lakh.

Total expenses were Rs 150.38 crore in the six months to September 2026, compared with Rs 160.71 crore a year earlier. Changes in inventories reduced expenses by Rs 4.94 crore in the latest half, compared with a Rs 14.21 crore reduction in the corresponding 2025 period, affecting the comparison of reported expenses and pre-tax profit.

What changed in Alacrity Securities’ balance sheet and cash flow?

Alacrity Securities reported total assets of Rs 134.84 crore at September 30, 2026, up from Rs 128.18 crore at March 31, 2026. Total equity rose to Rs 97.96 crore from Rs 92.14 crore, comprising unchanged equity share capital of Rs 46.66 crore and other equity of Rs 51.30 crore.

Current assets increased to Rs 108.73 crore at September 30 from Rs 103.59 crore at March 31. Inventories increased by Rs 4.94 crore to Rs 48.38 crore, while trade receivables declined to Rs 1.89 crore from Rs 6.47 crore and cash and cash equivalents fell to Rs 2.79 crore from Rs 7.15 crore.

Non-current assets rose to Rs 26.11 crore from Rs 24.60 crore. Non-current investments increased to Rs 13.34 crore from Rs 12.12 crore, and deferred-tax assets increased to Rs 4.58 crore from Rs 4.02 crore, while property, plant and equipment declined to Rs 7.00 crore from Rs 7.30 crore.

The cash-flow statement reported net cash used in operating activities of Rs 31.06 lakh for the half year ended September 30, 2026, compared with an operating inflow of Rs 11.15 crore a year earlier. Cash generated from operations before income taxes fell to Rs 86.18 lakh from Rs 13.75 crore, while income taxes paid were Rs 1.17 crore in the latest half.

Investing activities generated Rs 1.93 crore of cash in the 2026 first half, compared with an outflow of Rs 3.33 crore in the previous-year period. The statement reported Rs 1.73 crore from sale or purchase of investments and Rs 22.88 lakh of interest received; financing activities used Rs 46.41 lakh, resulting in a reported net cash increase of Rs 1.15 crore.

What did the review and board approval cover?

Alacrity Securities’ board approved the unaudited standalone results for the quarter and half year ended September 30, 2026 on November 2, 2026, after review by the Audit Committee. The board meeting began at 12:30 p.m. and concluded at 1:30 p.m., according to the company’s BSE filing.

CLB & Associates conducted a limited review of the standalone results under Regulation 33 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements regulations. The auditor said nothing had come to its attention indicating that the results contained a material misstatement, while noting that a limited review provides less assurance than an audit.

The results were prepared under Indian Accounting Standard 34, Interim Financial Reporting, as stated in the limited-review report. Alacrity Securities also said its business activities fall within a single primary business segment, so the filing does not provide separate revenue or profit figures by operating segment.

The company reported no investor complaints during the period ended September 30, 2026. Its paid-up equity share capital remained Rs 46.66 crore across the September 2026 quarter, June 2026 quarter, September 2025 quarter and both half-year comparison periods, based on shares with a par value of Rs 10 each.

Conclusion

Alacrity Securities moved from a Rs 7.39 crore June-quarter profit to a Rs 71.21 lakh loss in the September quarter as revenue declined to Rs 46.32 crore and expenses reached Rs 47.19 crore. Across the first half, revenue declined by Rs 14.69 crore year on year and net profit fell by Rs 2.95 crore to Rs 6.67 crore.

The filing disclosed no plan, target or scheduled future event beyond the results approval on November 2, 2026. The unresolved operating measure is whether revenue from operations, which fell to Rs 45.51 crore in the September quarter from Rs 111.18 crore in June, and operating cash flow, which turned to a Rs 31.06 lakh half-year outflow, change in subsequent disclosures.