Sign in to fuzzto save your conversations, follow your research and come back anytime.

The Quarter story
The two most recent quarterly results, compared side-by-side.
Trading volumes and client acquisition remain strong, but profitability and revenue face significant headwinds.
Trading volume grew from 23,042 MU in Q1 FY26 to 25,778 MU in Q1 FY27, confirming robust market activity.
Profit after tax fell from ₹133.82 Cr in Q2 FY26 to ₹70.67 Cr in Q1 FY27, highlighting margin compression.
Bilateral trading volume expanded from 23.76 MU in Q1 FY26 to 1,924 MU in Q1 FY27, indicating successful contract scaling.
Revenue dropped sharply from ₹5,458.73 Cr in Q2 FY26 to ₹113.06 Cr in Q1 FY27, signaling major volume contraction.
Operational income held steady from ₹111.17 Cr in Q1 FY26 to ₹113.06 Cr in Q1 FY27, showing resilient core earnings.
REC trading volume plummeted from 23.56 REC in Q2 FY26 to 0.38 REC in Q1 FY27, pointing to a liquidity dry-up.
New client acquisitions rose from 6 in Q1 FY26 to 12 in Q3 FY26, building a strong sales pipeline.
Trading margin narrowed from 96.40 bps in Q2 FY26 to 76.23 bps in Q4 FY26, reflecting volatile spread dynamics.
Consultancy income remained stable from ₹12.08 Cr in Q2 FY26 to ₹10.76 Cr in Q1 FY27, reflecting consistent advisory demand.
Power sales stayed flat at 14 MW from Q2 FY26 to Q1 FY27, indicating stagnant renewable output.