Nexome Capital Markets H1 profit falls 9% as income drops 46%

Nexome Capital Markets Limited reported consolidated profit after tax of Rs 2.07 crore for the six months ended 30 September 2026, down 9% from Rs 2.27 crore a year earlier, as total income declined 46% to Rs 14.36 crore from Rs 26.53 crore. The results were approved by the board on 6 November 2026.

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

Nexome Capital Markets recorded consolidated profit after tax of Rs 2.07 crore for the half year ended 30 September 2026, compared with Rs 2.27 crore in the corresponding six months of 2025. Profit before tax declined to Rs 2.84 crore from Rs 3.31 crore, while total income fell by Rs 12.17 crore year on year.

Total expenses decreased to Rs 11.52 crore from Rs 23.22 crore in the earlier half year, a 50% reduction that was larger than the 46% fall in income. Total comprehensive income was Rs 10.28 crore, compared with Rs 1.73 crore in the prior-year period, reflecting Rs 8.21 crore of other comprehensive income in the latest half year.

Nexome Capital Markets reported basic earnings per share, or EPS, of Rs 1.96 for the six months, against Rs 3.86 a year earlier. Diluted EPS was also Rs 1.96, compared with Rs 3.56 in the corresponding 2025 period, and the company stated that the per-share figures were not annualised.

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

Nexome Capital Markets’ segment disclosure shows that investment banking operations generated Rs 5.36 crore of half-year revenue, down from Rs 22.47 crore a year earlier. The Rs 17.11 crore reduction exceeded gains in capital market operations and unallocated income, leading to total income of Rs 14.36 crore rather than Rs 26.53 crore.

Capital market operations generated Rs 3.48 crore of revenue, up from Rs 2.55 crore in the corresponding 2025 half year. Unallocated revenue rose to Rs 5.52 crore from Rs 1.51 crore; it was therefore the largest reported revenue line in the latest half year, while investment banking was the largest line in the prior-year period.

Nexome Capital Markets did not present segment assets or segment liabilities for the Rs 202.90 crore consolidated asset base at 30 September 2026. It said property, plant and equipment are used interchangeably between reportable segments, while liabilities are contracted at the entity level.

How did Nexome Capital Markets perform in the September quarter?

Nexome Capital Markets posted consolidated profit after tax of Rs 82.76 lakh for the quarter ended 30 September 2026, compared with Rs 99.86 lakh in the September 2025 quarter and Rs 1.25 crore in the preceding quarter ended 30 June 2026. Quarterly total income was Rs 7.09 crore, versus Rs 9.04 crore a year earlier and Rs 7.28 crore in the June 2026 quarter.

Quarterly profit before tax was Rs 1.18 crore, against Rs 1.34 crore in the year-earlier quarter and Rs 1.66 crore in the immediately preceding quarter. Expenses were Rs 5.90 crore, lower than Rs 7.69 crore in September 2025 but above Rs 5.62 crore in June 2026, while finance cost was Rs 14.31 lakh against Rs 8.86 lakh a year earlier.

Investment banking operations contributed Rs 5.15 crore of September-quarter revenue, below Rs 7.93 crore in the September 2025 quarter. Capital market operations generated Rs 65.41 lakh, compared with Rs 39.14 lakh a year earlier, and unallocated revenue increased to Rs 1.28 crore from Rs 72.05 lakh.

What changed in Nexome Capital Markets’ assets and cash position?

Nexome Capital Markets’ consolidated total assets increased to Rs 202.90 crore at 30 September 2026 from Rs 182.77 crore at 31 March 2026. Non-current investments rose to Rs 157.45 crore from Rs 123.03 crore, while loans decreased to Rs 27.03 crore from Rs 30.43 crore over the six-month balance-sheet period.

Cash and cash equivalents on the consolidated balance sheet were Rs 1.20 crore at 30 September, compared with Rs 6.82 crore at 31 March. Trade receivables fell to Rs 6.12 crore from Rs 9.86 crore, while other current financial assets increased to Rs 1.38 crore from Rs 1.20 crore.

The consolidated cash-flow statement showed net operating cash inflow of Rs 9.17 crore for the half year, versus Rs 4.86 crore in the corresponding 2025 period. Investing activities used Rs 21.66 crore, compared with Rs 5.06 crore previously, with purchases of investments of Rs 83.46 crore and sales of investments of Rs 61.78 crore.

Financing activities generated Rs 6.88 crore in the latest half year, compared with Rs 29.63 lakh in the corresponding 2025 period. The cash-flow statement includes Rs 9.22 crore of proceeds from convertible warrants, Rs 1.61 crore of dividends paid and Rs 58.89 lakh of borrowing outflows, and reports a Rs 5.62 crore net decrease in cash and cash equivalents to Rs 1.21 crore.

What did Nexome Capital Markets disclose on provisions and equity?

Nexome Capital Markets said it carries an ad hoc provision equal to 6% of its outstanding loan portfolio, with Rs 1.73 crore of total provision due. It reversed Rs 21.70 lakh of provision during the half year ended 30 September 2026 and made a Rs 3.22 lakh provision during the September quarter.

Consolidated equity increased to Rs 189.99 crore at 30 September 2026 from Rs 172.10 crore at 31 March 2026. Paid-up equity share capital rose to Rs 10.74 crore from Rs 8.82 crore, while other equity increased to Rs 179.25 crore from Rs 163.29 crore.

Current liabilities rose to Rs 5.85 crore at 30 September from Rs 3.77 crore at 31 March, including other current liabilities of Rs 2.62 crore and provisions of Rs 1.46 crore. Non-current borrowings declined to Rs 1.79 crore from Rs 2.35 crore, while current borrowings were Rs 1.17 crore compared with Rs 1.19 crore.

The audit committee reviewed the unaudited results and the board approved them on 6 November 2026, according to the filing. Nexome Capital Markets said statutory auditors carried out a limited review and that prior-period figures were rearranged or regrouped where necessary.

Conclusion

Nexome Capital Markets’ first-half numbers show that lower investment-banking revenue drove a 46% reduction in consolidated income, while expenses fell 50%. The lower cost base limited the effect on profit after tax, which declined 9% to Rs 2.07 crore, while other comprehensive income lifted total comprehensive income to Rs 10.28 crore.

The disclosed 6% ad hoc provision on the loan portfolio remains a matter to watch, following a Rs 21.70 lakh reversal during the half year and a Rs 3.22 lakh quarterly provision. Changes in the Rs 157.45 crore investment balance and the revenue contribution from investment banking, which was Rs 5.36 crore in the half year, are also relevant in subsequent disclosures.