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Earnings Call

Rikhav Securities Earnings Call: Key Takeaways

Rikhav Securities delivered solid FY26 performance but faces significant volatility from proprietary trading losses totaling ₹18-20cr. Management is pivoting toward institutional brokerage and technology-led services to stabilize revenue streams.

Highlights
Revenue growthFY26 revenue hit ₹1,991cr, primarily driven by proprietary trading volumes.
MarginsImpacted by ₹18-20cr trading losses; seeking stabilization via fee-based income.
Demand visibilityStrong outlook for institutional brokerage and ETF market-making services.
Management confidenceCautiously optimistic, pivoting from proprietary risks to stable brokerage fees.

Growth

FY26 revenue reached ₹1,991cr with PAT of ₹18.96cr; growth is primarily volume-driven through proprietary arbitrage and market-making.

Outlook

Guided 20% growth in brokerage and 25% in algo-trading for FY27, targeting ₹40cr PAT by March 2027.

Risks

Proprietary trading losses of ₹18-20cr and SME inventory liquidity risks remain major volatility triggers.

Source

Earnings Call filed with BSE, BSE: 544340. Summary written with AI assistance from the document.

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Rikhav Securities Ltd: key numbers

Share price
₹52.23
Market cap
₹200.0 Cr
Revenue (annual)
₹1,976 Cr
Net profit (annual)
₹18.96 Cr
P/E (TTM)
10.6×Sector 20.8×
Promoter holding
66.76%
FII holding
0.38%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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