NSE
BSEThe Quarter story
The two most recent quarterly results, compared side-by-side.
Deal-driven earnings normalize as merchant banking volumes surge, supported by strong liquidity and steady domestic investor confidence.
Net cash available grows from ₹234 Cr in Q1 FY26 to ₹312 Cr in Q1 FY27, ensuring strong operational liquidity.
PAT margin collapses from 28.7% in Q3 FY26 to 0.5% in Q1 FY27, warning of profitability stress amid deal normalization.
ECM transaction value surges from ₹14,500 Cr in Q2 FY26 to ₹1,62,700 Cr in Q1 FY27, highlighting robust capital raising activity.
FII net inflows worsen from ₹0.4 Cr in Q1 FY26 to -₹1.4 Cr in Q1 FY27, indicating persistent foreign capital withdrawal.
Total active clients grow from 290 in Q1 FY26 to 304 in Q1 FY27, demonstrating steady institutional client acquisition.
Sole banker IPO mandates fall from 7 in Q1 FY26 to 3 in Q1 FY27, reflecting increased competitive pressure in primary markets.
Resident individual shareholding rises from 36.65% in Q1 FY26 to 40.65% in Q1 FY27, reflecting growing domestic investor confidence.
Employee cost as a percentage of total income climbs from 42.5% in Q3 FY26 to 60.6% in Q1 FY27, warning of margin pressure.
QIP issuances jump from 2 in Q2 FY26 to 13 in Q1 FY27, signaling renewed institutional fundraising interest.
Left lead banker IPOs drop from 16 in Q1 FY26 to 10 in Q1 FY27, showing reduced market leadership share.
