Nexome Capital Markets’ first-half profit falls 9% to Rs 2.07 crore

Nexome Capital Markets Limited reported consolidated net profit of Rs 2.07 crore for the six months ended September 30, 2026, down 9% from Rs 2.27 crore a year earlier, as investment-banking revenue fell to Rs 5.36 crore from Rs 22.47 crore. Growth in capital-market revenue and other income did not fully offset that decline.

What were Nexome Capital Markets’ first-half consolidated results?

Nexome Capital Markets reported lower first-half income and profit for the six months ended September 30, 2026. Total income fell to Rs 14.36 crore from Rs 26.53 crore in the corresponding six months of 2025, while net sales or income from operations declined to Rs 8.84 crore from Rs 25.02 crore. Other income, however, increased to Rs 5.52 crore from Rs 1.51 crore.

Total expenses decreased to Rs 11.52 crore from Rs 23.22 crore, resulting in profit before tax of Rs 2.84 crore, compared with Rs 3.31 crore a year earlier. Net profit after tax was Rs 2.07 crore against Rs 2.27 crore, and basic earnings per share, or EPS, fell to Rs 1.96 from Rs 3.86. The audit committee and board approved the unaudited results on November 6, 2026.

Why did Nexome Capital Markets’ first-half revenue decline?

Nexome Capital Markets’ decline was mainly caused by investment-banking operations, whose first-half segment revenue fell to Rs 5.36 crore from Rs 22.47 crore a year earlier. The Rs 17.11 crore reduction in that segment outweighed an increase in capital-market operations revenue to Rs 3.48 crore from Rs 2.55 crore.

The segment disclosure recorded unallocated income of Rs 5.52 crore for the 2026 first half, compared with Rs 1.51 crore in the prior-year period. Together, capital-market operations, investment-banking operations and unallocated income totalled Rs 14.36 crore, versus Rs 26.53 crore a year earlier. Nexome Capital Markets does not allocate property, plant and equipment, segment assets or segment liabilities to reportable segments because assets are used interchangeably and liabilities are contracted at the entity level.

How did the September quarter compare with the June quarter?

Nexome Capital Markets’ September-quarter net profit was Rs 82.76 lakh, below Rs 1.25 crore in the June 2026 quarter and Rs 99.86 lakh in the September 2025 quarter. Total income for the quarter ended September 30, 2026 was Rs 7.09 crore, compared with Rs 7.28 crore in the immediately preceding quarter and Rs 9.04 crore a year earlier.

Investment-banking revenue rose to Rs 5.15 crore in the September quarter from Rs 20.90 lakh in June, while capital-market revenue declined to Rs 65.41 lakh from Rs 2.82 crore. Other income fell to Rs 1.28 crore from Rs 4.24 crore quarter on quarter. Total expenses increased to Rs 5.90 crore from Rs 5.62 crore, and profit before tax decreased to Rs 1.18 crore from Rs 1.66 crore.

Employee-benefit expense was Rs 1.52 crore in the September quarter, against Rs 1.47 crore in June and Rs 1.21 crore in the year-earlier quarter. Other expenses rose to Rs 3.01 crore from Rs 61.72 lakh in June, although they were below Rs 5.71 crore reported in September 2025. Finance cost was Rs 14.31 lakh, compared with Rs 15.29 lakh in June.

What changed in Nexome Capital Markets’ balance sheet and cash flows?

Nexome Capital Markets’ consolidated total assets increased to Rs 202.90 crore on September 30, 2026 from Rs 182.77 crore on March 31, 2026. Investments rose to Rs 157.45 crore from Rs 123.03 crore, while loans declined to Rs 27.03 crore from Rs 30.43 crore. Cash and cash equivalents decreased to Rs 1.20 crore from Rs 6.82 crore during the same period.

Equity rose to Rs 189.99 crore from Rs 172.10 crore, including share capital of Rs 10.74 crore compared with Rs 8.82 crore at March-end. Cash flow from operating activities was Rs 9.17 crore in the first half, compared with Rs 4.86 crore in the prior-year period. Investing activities used Rs 21.66 crore, including Rs 83.46 crore of investment purchases and Rs 61.78 crore of investment sales.

Financing activities generated Rs 6.88 crore in the first half, including Rs 9.22 crore of proceeds from convertible warrants and Rs 1.61 crore of dividend payments. Nexome Capital Markets also disclosed total financial indebtedness of Rs 2.95 crore, with no default reported. Its 6% ad hoc provision on the outstanding loan portfolio totalled Rs 1.73 crore after a Rs 21.70 lakh reversal during the first half and a Rs 3.22 lakh provision in the September quarter.

Conclusion

Nexome Capital Markets’ first-half results show that the contraction in investment-banking operations was the main reason consolidated profit declined to Rs 2.07 crore. Capital-market revenue increased by Rs 93.00 lakh year on year, other income rose by Rs 4.01 crore and expenses fell by Rs 11.70 crore, but these movements did not fully offset the Rs 17.11 crore reduction in investment-banking revenue.

The disclosed item to watch next is the use of the Rs 22.03 crore rights issue allotted on March 24, 2026. As of September 30, 2026, Nexome Capital Markets reported no deviation in use of funds, with Rs 13.55 crore allocated to shares, securities and mutual fund schemes, Rs 2.78 crore to liquid funds for the merchant-banking liquid-net-worth requirement, Rs 5.42 crore to general corporate purposes and Rs 28.00 lakh to issue expenses.