Arihant Capital Markets Q4 FY26 sales up 12% to ₹50.92 cr

What was reported for the March 2026 quarter

Arihant Capital Markets Ltd. reported a rise in standalone operating performance for the March 2026 quarter, with net sales/income from operations coming in at ₹50.92 crore. The company’s standalone net sales were ₹45.39 crore in March 2025. This translates to a year-on-year increase of 12.19% for the March 2026 quarter versus March 2025 based on the figures provided.

The dataset also places the March 2026 quarter in context with the immediately preceding quarter. Standalone net sales/income from operations were ₹47.97 crore in December 2025, before rising to ₹50.92 crore in March 2026. That sequential move indicates a higher top line in the latest quarter compared with the December 2025 period.

Standalone sales trend: March 2026 vs December 2025 vs March 2025

The standalone quarterly series provided highlights three key points: (1) March 2026 is higher than December 2025, (2) March 2026 is materially higher than March 2025, and (3) the March 2025 base itself was lower than some earlier periods shown elsewhere in the data.

While the input references “Quarterly Net Profit” for March 2026 and March 2025, the March 2026 standalone net profit number is not explicitly stated in the usable text (it appears truncated). As a result, the discussion here remains limited to net sales/income from operations and other fully stated figures.

Standalone quarterly net sales (as reported)

Consolidated snapshot: December 2025 YoY decline

Alongside standalone numbers, the provided data also includes a consolidated revenue comparison for a different quarter. Consolidated net sales for December 2025 were reported at ₹49.05 crore, down 5.3% from ₹51.79 crore in December 2024.

This consolidated December comparison points to a year-on-year decline in that period, even as the standalone March 2026 print shows year-on-year growth versus March 2025. Since these are different quarters and different reporting bases (standalone vs consolidated), they should not be read as the same performance line. But together they suggest that revenue movement has varied across quarters in the recent period.

Consolidated quarterly table: sales, profit, and margins (select quarters)

The input also includes a consolidated quarterly table that lists net sales, net profit, and PAT margin for select quarters, including June 2025, March 2025, and March 2024. In that table, June 2025 consolidated net sales are shown at ₹50.77 crore, with a quarter-on-quarter change of +9.56% and a year-on-year change of -30.27%. The same table shows June 2025 consolidated net profit at ₹12.70 crore, with +64.94% quarter-on-quarter change and -32.48% year-on-year change, alongside a PAT margin of 25.01%.

For March 2025, the table shows consolidated net sales at ₹46.34 crore with net profit at ₹7.70 crore and a PAT margin of 16.62%. For March 2024, it shows consolidated net sales at ₹63.73 crore with net profit at ₹24.66 crore and a PAT margin of 38.69%.

Consolidated performance (as provided in the dataset)

TTM revenue and the market datapoint shared

A separate market snapshot in the input shows revenue at ₹203 crore on a trailing twelve-month (TTM) basis. The same snippet shows a price of ₹68.85 and a move of 1.03%, with the “last updated” field not fully visible in the provided text.

Because the timestamp is incomplete, the price figure should be treated as a point-in-time reference within the dataset rather than a live market update.

Company background and operating mix

Arihant Capital Markets Ltd. is described in the provided text as a full-service Indian financial services provider with over 30 years of operating history. The company is stated to have been founded in 1992 by Mr. Ashok Kumar Jain and is headquartered in Mumbai.

The business lines listed include retail and institutional broking across equities, derivatives, commodities, and currency. The company also offers depository services as a participant with NSDL and CDSL for demat services. Other services described include wealth management offerings such as PMS, mutual fund distribution, fixed income products, NPS, insurance, and corporate deposits.

The dataset also notes merchant and investment banking operations with Category I Merchant Banker status, including IPO facilitation, M&A advisory, valuation, and corporate finance. It mentions a digital brokerage platform called Arihant Plus. The text further references margin financing and lending through an RBI-registered NBFC.

What the standalone March 2026 sales rise signals, and what it does not

The standalone sales growth to ₹50.92 crore in March 2026 versus ₹45.39 crore in March 2025 shows an improvement on the year-on-year base for that specific reporting line. It also shows a quarter-on-quarter rise from ₹47.97 crore in December 2025 to ₹50.92 crore in March 2026.

But sales alone does not explain profitability, cost movement, or margin direction for the March 2026 standalone quarter because the standalone net profit number for March 2026 is not fully provided in the usable portion of the text. Investors typically pair sales direction with profit, margins, and expense trends, and those details are only partly available in the consolidated table for select quarters.

Key figures to track in upcoming updates

Based on the figures available in the dataset, the next set of updates that could add clarity would be (1) complete standalone profit and margin numbers for March 2026, and (2) a consistent consolidated quarterly series for the same period to compare like-for-like.

With the dataset showing both standalone and consolidated revenue references across different quarters, tracking the same quarter across both reporting bases helps isolate how subsidiaries and consolidated adjustments affect the reported picture.

Summary

Arihant Capital Markets reported standalone net sales/income from operations of ₹50.92 crore for the March 2026 quarter, up 12.19% from ₹45.39 crore in March 2025 and higher than ₹47.97 crore in December 2025. The same dataset also shows consolidated net sales of ₹49.05 crore for December 2025, down 5.3% year-on-year from December 2024. Future disclosures that include complete standalone profit numbers for March 2026 and comparable consolidated figures for the same quarter would help readers assess whether the sales improvement is translating into stronger profitability.