Prime Securities Q1 FY27 Estimates: Revenue, PAT 2026

What is in focus ahead of Prime Securities Q1 FY27 results

Prime Securities’ Q1 FY27 results are coming into focus as the July-August 2026 results season approaches. The stock was cited trading at Rs.277 in the preview context, and also referenced at Rs.281 as the “current share price” in the same data set. The company’s market capitalisation was stated at Rs.947 crore, while the price-to-earnings multiple was described as “not meaningful.”

The key investor focus is on whether Prime Securities can translate its recent revenue growth into stable profitability, especially after a volatile reported quarter. The preview frames expectations using a “trailing-growth” approach rather than a formal analyst model. It also flags that the projection should be read alongside company guidance when released.

Q1 FY27 estimate range: revenue and PAT

The preview provides a revenue estimate range of Rs.65-75 crore for Q1 FY27E. It also provides a profit after tax (PAT) estimate of Rs.5-6 crore. These numbers are presented as a Uniresearch “trailing-growth projection” built on historical quarterly bases.

The model uses Q1 FY26 as a base, where revenue was Rs.47 crore and net profit was Rs.11 crore. Based on the table in the preview, the implied year-on-year change for Q1 FY27E is +50.0% for revenue and -50.0% for PAT relative to Q1 FY26 actuals.

Results date window and what it implies for investors

Prime Securities’ Q1 FY27 results date is indicated as July-August 2026, aligned with the broader NSE and BSE reporting window for the quarter ending June 2026. The same July-August 2026 window is repeated across the estimate table as an “indicative” schedule.

For market participants, the stated window matters mainly because positioning tends to build ahead of a results print, particularly when recent quarters show sharp swings in profitability. In this case, the preview’s estimates and the company’s last reported quarter both point to a setup where expectations may be sensitive to execution and cost outcomes.

The base quarter: Q4 FY26 revenue Rs.31 crore, net loss Rs.13 crore

Ahead of the Q1 FY27 print, the company’s most recent reported quarter (Q4 FY26) was stated at revenue of Rs.31 crore and net profit of Rs.-13 crore. The preview explicitly notes that this quarter forms the base against which the Q1 FY27 estimates are built.

The same section states that Q4 FY26 represented a year-on-year revenue change of +142.2% and a PAT change of -1489.2% versus Q4 FY25. While revenue growth appears strong on the stated comparison, the profit line was sharply negative in Q4 FY26.

Tracking the target range: Rs.332-368 over 12 months

The preview provides a 12-month target range of Rs.332-368 for Prime Securities, labelled as a Uniresearch estimate. It states the target is built on the same trailing revenue growth trend and the current valuation multiple framework used in the note.

The document also describes the stance as “tracking with a constructive bias,” while reiterating that the company enters the season trading around Rs.277 (and separately referenced at Rs.281). No additional catalyst dates beyond the July-August 2026 results window are specified in the provided material.

Key numbers at a glance

What the broader financial disclosures show (FY26 nine-month data)

Beyond the quarter-to-quarter snapshot, the provided disclosures include unaudited results for the nine months ended December 31, 2025. Consolidated revenue for nine months FY26 was stated at Rs.107.87 crore (Rs.10,787 lakh), and PAT at Rs.26.35 crore (Rs.2,635 lakh). The same disclosure references MAT at Rs.8.41 crore (Rs.841 lakh) and a CIRP-related receivable of Rs.27.95 crore (Rs.2,795 lakh).

A press release note also stated that consolidated revenues “first time ever” crossed Rs.100 crore for the nine-month period ended December 31, 2025. It further noted increased personnel across investment banking and wealth management, with group headcount at 120 as of December 31, 2025 versus about 42 as of December 31, 2024.

Wealth management build-out and cost run-rate mentioned in disclosures

The same press release notes that the establishment of the wealth management vertical, Prime Trigen Wealth Limited, entailed an additional fixed expense of approximately Rs.50 crore for the year on a run-rate basis, described as about Rs.12-13 crore per quarter. It also stated that Prime Trigen Wealth Limited is envisaged to break even over the next six quarters.

In addition, it mentioned that AUA has crossed Rs.2,400 crore for Prime Trigen Wealth. These disclosures provide context for why profitability can vary even when revenue expands, especially if fixed costs ramp up faster than near-term income.

Auditor review: unmodified conclusion for Dec 2025 quarter and nine months

The provided text also states that the auditor’s review report on both consolidated and standalone unaudited financial results for the quarter and nine months ended December 31, 2025 contained no qualifications or adverse remarks. It says the auditor issued an unmodified conclusion.

It adds that “Emphasis of Matter (EOM)” notes were highlighted, while explicitly stating that the auditor’s conclusion was not modified with respect to those matters.

Market impact and why Q1 FY27 matters from here

With the stock cited around Rs.277-281 and a market capitalisation of Rs.947 crore, the Q1 FY27 print will be watched against two anchors in the preview. The first is the revenue trajectory implied by the Rs.65-75 crore estimate range, benchmarked to Q1 FY26 revenue of Rs.47 crore. The second is the gap between the Q1 FY27E PAT range of Rs.5-6 crore and the historical volatility that includes Q1 FY26 net profit of Rs.11 crore and Q4 FY26 net loss of Rs.-13 crore.

The preview’s 12-month target band of Rs.332-368 is presented as an output of the same trailing-growth framework and valuation assumptions referenced in the note. Investors tracking the stock into July-August 2026 are likely to compare reported revenue conversion, cost profile signals, and the shape of profitability against these stated ranges.

Conclusion

Prime Securities heads into the July-August 2026 results window with a Q1 FY27E revenue range of Rs.65-75 crore and PAT range of Rs.5-6 crore, alongside a Uniresearch target band of Rs.332-368. The company’s last reported quarter (Q4 FY26) showed Rs.31 crore revenue and a Rs.-13 crore net loss, underlining why the upcoming print will be read closely. The next concrete step on the calendar, as stated in the provided context, is the indicative Q1 FY27 results period in July-August 2026.