Indo Thai Securities reported a significant jump in FY2026 Profit After Tax (PAT) to ₹66.17 crore, up from ₹7.89 crore in FY2025. Total revenue also saw a major expansion to ₹104.26 crore. The company is also proceeding with a strategic demerger to separate its financial services from clean-tech and real estate assets.
Indo Thai Securities Reports Robust FY2026 Performance Amidst Strategic Demerger
FY2026 PAT: ₹66.17 crore FY2026 Revenue: ₹104.26 crore Reader Takeaway: Record profits driven by treasury operations; demerger aims for focused business valuation. ## What just happened Indo Thai Securities Limited announced its financial results for FY2026, reporting a Profit After Tax (PAT) of ₹66.17 crore. This marks a substantial increase from the ₹7.89 crore PAT in FY2025. The company's total revenue for FY2026 reached ₹104.26 crore, a significant rise from ₹27.19 crore in the previous fiscal year. Additionally, the company proposed a 20% dividend payout and is actively progressing with a strategic demerger. ## Why this matters The impressive financial performance, particularly the nearly nine-fold increase in PAT, highlights strong operational efficiency and profitability in treasury and brokerage activities. The proposed demerger, to split financial services from clean-tech and real estate assets, could unlock value by allowing distinct business segments to be evaluated independently by the market. This restructuring, along with a healthy dividend, aims to enhance shareholder returns and provide clearer investment propositions. ## The backstory In the previous fiscal year, FY2025, Indo Thai Securities had reported a PAT of ₹7.89 crore and total revenue of ₹27.19 crore. The company has been working on diversifying its operations, including venturing into clean-tech with 'Femto Green Hydrogen Ltd' and establishing an international presence via 'Indo Thai Globe Fin (IFSC) Ltd' in GIFT City. ## What changes now The company is moving forward with its demerger plan, which involves separating its regulated financial platforms (ITFSL) from its clean-tech and real estate assets (ITSL). The demerger is planned on a 1:1 ratio. National Company Law Tribunal (NCLT) filings for this process are currently underway. This will eventually lead to two distinct listed entities. ## Risks to watch The primary risk lies in the successful and timely execution of the demerger process, which is subject to regulatory approvals. The commercial success of the new clean-tech venture also needs to be closely monitored as a future growth driver. Volatility in treasury operations could impact future profitability. ## Peer comparison While specific peer performance is not detailed in the filing, Indo Thai Securities operates in the financial services sector, which includes brokerage, treasury, and increasingly, diversified areas like clean-tech. Companies in this space typically face regulatory scrutiny and market volatility. Its PBT margin of 79.83% in FY2026 suggests strong profitability relative to revenue within its operating model. ## Context metrics (time-bound) Indo Thai Securities' Networth stood at ₹286.79 crore in FY2026. The Earnings Per Share (EPS) for FY2026 was ₹5.39. The company maintained a high Profit Before Tax (PBT) margin of 79.83% in FY2026.
