B.N. Rathi Securities September-quarter profit rises 51%

B.N. Rathi Securities Limited reported standalone profit after tax of Rs 3.9726 crore for the quarter ended September 30, 2026, up 51% from Rs 2.625 crore a year earlier, as total income increased 24% to Rs 18.2055 crore. The November 12, 2026 revised filing said clerical corrections did not change financial figures or profitability.

How much profit did B.N. Rathi Securities report in September 2026?

B.N. Rathi Securities reported standalone profit after tax of Rs 3.9726 crore in the quarter ended September 30, 2026, compared with Rs 2.625 crore in the quarter ended September 30, 2025. Profit before tax rose to Rs 5.3039 crore from Rs 3.5894 crore, while total tax expense increased to Rs 1.3313 crore from Rs 0.9636 crore.

Sequentially, B.N. Rathi Securities' profit after tax increased from Rs 2.2454 crore in the quarter ended June 30, 2026. Profit before tax was Rs 3.3062 crore in June 2026, Rs 1.9977 crore below the September-quarter figure, while total income rose by Rs 0.5959 crore over the same comparison.

What lifted B.N. Rathi Securities' September-quarter income?

B.N. Rathi Securities' equity, brokerage and related income rose to Rs 11.0397 crore in the September 2026 quarter from Rs 9.7278 crore a year earlier. The Rs 1.3119 crore increase came alongside a rise in other operating income to Rs 4.939 crore from Rs 2.8247 crore.

Other operating income increased by Rs 2.1143 crore year on year, exceeding the increase in equity, brokerage and related income, although brokerage-related income remained the larger line at Rs 11.0397 crore. Other income was Rs 2.2267 crore in the September 2026 quarter, compared with Rs 2.1455 crore in the September 2025 quarter.

For the half year ended September 30, 2026, B.N. Rathi Securities reported equity, brokerage and related income of Rs 22.9476 crore, against Rs 18.7701 crore in the comparable 2025 period. Other operating income was Rs 8.3927 crore versus Rs 5.1833 crore, taking half-year total income to Rs 35.8151 crore from Rs 28.0416 crore.

How did B.N. Rathi Securities' costs change during the quarter?

B.N. Rathi Securities' total expenses were Rs 12.9016 crore in the September 2026 quarter, compared with Rs 11.1086 crore in the September 2025 quarter. The Rs 1.793 crore increase in expenses was lower than the Rs 3.5075 crore rise in total income, and profit before tax increased by Rs 1.7145 crore.

Brokerage expense rose to Rs 7.7738 crore from Rs 6.3975 crore in the prior-year quarter. The standalone statement also lists employee benefit expenses, finance costs, depreciation and amortisation expense, and other expenses, with total expenses including these categories at Rs 12.9016 crore.

The sequential cost movement was different: total expenses fell from Rs 14.3034 crore in the June 2026 quarter to Rs 12.9016 crore in the September 2026 quarter. That Rs 1.4018 crore decline, together with the Rs 0.5959 crore increase in income, coincided with the rise in profit before tax from Rs 3.3062 crore to Rs 5.3039 crore.

For the half year ended September 30, 2026, total expenses were Rs 27.205 crore, compared with Rs 21.7873 crore a year earlier. Half-year profit before tax was Rs 8.6101 crore and tax expense was Rs 2.3891 crore, resulting in profit after tax of Rs 6.221 crore.

Were B.N. Rathi Securities' September results changed in the revision?

B.N. Rathi Securities said its November 12, 2026 resubmission corrected clerical or typographical errors in standalone unaudited results for the quarter and half year ended September 30, 2026, without changing any financial figure or profitability. The company asked BSE Limited to replace its earlier standalone results submission with the revised filing.

The company stated that all other disclosures in the board-meeting outcome dated November 12, 2026, including consolidated unaudited financial results, would remain unchanged. Therefore, the Rs 3.9726 crore standalone September-quarter profit and Rs 18.2055 crore total income were not presented as restated figures.

The filing was made under Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The standalone results label the September 30, 2026 and June 30, 2026 periods as unaudited, while the September 30, 2025 comparative quarter is labelled audited.

What does B.N. Rathi Securities' half-year cash flow show?

B.N. Rathi Securities generated Rs 6.5676 crore of net cash flow from operating activities in the half year ended September 30, 2026. This followed profit before tax of Rs 8.6101 crore and included a Rs 7.9609 crore increase in trade receivables, according to the standalone cash-flow statement.

Investing activities used Rs 70.4177 crore during the six months, including Rs 70.3191 crore for investment or redemption of bank deposits and Rs 2.6841 crore for net purchase of current investments. Interest received was Rs 4.3084 crore and dividend received was Rs 0.015 crore during the period.

Financing activities used Rs 2.6838 crore, including dividend payments of Rs 2.0918 crore, interest paid of Rs 0.5434 crore and lease-liability principal payments of Rs 0.0463 crore. Cash and cash equivalents declined from Rs 67.0263 crore at the beginning of the year to Rs 0.4923 crore at September 30, 2026, after a net decrease of Rs 66.534 crore.

Conclusion

B.N. Rathi Securities' revised standalone results show that September-quarter profit after tax rose to Rs 3.9726 crore from Rs 2.625 crore a year earlier. Income growth was led by increases in equity, brokerage and related income to Rs 11.0397 crore and other operating income to Rs 4.939 crore, while expenses increased by less than total income year on year.

The next disclosed matter is the company's request for BSE Limited to take the revised standalone results on record and replace the earlier filing submitted on November 12, 2026. B.N. Rathi Securities said the clerical corrections left profitability unchanged and that its consolidated unaudited results would remain unchanged.