NDA Securities Posts FY26 Consolidated Loss Amidst Revenue Growth

Consolidated Net Loss: ₹-0.28 crore (₹-27.86 Lakh)
Standalone Net Profit: ₹0.07 crore (₹7.47 Lakh)

Reader Takeaway: Revenue growth offset by lower profits; LIC de-empanelment poses a key risk.

What just happened

NDA Securities Limited announced its audited financial results for the fiscal year ended March 31, 2026 (FY26). The company reported a consolidated net loss of ₹0.28 crore (approximately ₹27.86 Lakh), a significant shift from a net profit of ₹1.55 crore in the previous fiscal year (FY25). On a standalone basis, the company posted a net profit of ₹0.07 crore (₹7.47 Lakh), a sharp decline from ₹1.60 crore in FY25.

Consolidated revenue, however, saw an increase, rising to ₹8.48 crore in FY26 from ₹6.25 crore in FY25. The company also adopted Ind AS 108 for segment reporting, identifying Broking, Securities Trading, and Securities Investment as its key segments. A new business segment focused on proprietary investment and trading in securities was launched during the year.

Furthermore, NDA Securities acquired NDA Research and Technology Private Limited as a wholly-owned subsidiary, effective July 4, 2025, expanding its operational scope.

Why this matters

The reported consolidated net loss for FY26 is a key concern for investors, marking a reversal from profitability in the prior year. While revenue growth is positive, it was insufficient to cover increased costs or other factors leading to the loss. The company's management stated that they have received an unmodified audit opinion, indicating no major accounting irregularities flagged by the auditors on either standalone or consolidated results.

The backstory

In FY25, NDA Securities had reported a consolidated net profit of ₹1.55 crore. The company was also involved in the acquisition of NDA Research and Technology Private Limited in July 2025. For FY26, the company has focused on expanding its business activities by initiating a new segment for securities investment and trading.

What changes now

Investors will be closely watching the impact of the new business segments and the acquired subsidiary on future financial performance. A significant development is the removal of NDA Securities from the Life Insurance Corporation of India's (LIC) approved broker panel due to a change in management control. The company is actively seeking re-empanelment, and its success in this endeavor will be crucial for its broking business.

Risks to watch

The primary risk highlighted is the de-empanelment from LIC's approved broker list. This could materially impact the company's broking revenue, especially if re-empanelment is not achieved. The company acknowledges this as a material risk and is actively addressing it.

Peer comparison

Information on specific peers for direct financial comparison was not available in the filing. However, the company operates in the financial services sector, facing competition from other broking houses and investment firms in India.

Context metrics (time-bound)

• FY26 Consolidated Net Loss: ₹0.28 crore
• FY25 Consolidated Net Profit: ₹1.55 crore
• FY26 Standalone Net Profit: ₹0.07 crore
• FY25 Standalone Net Profit: ₹1.60 crore
• FY26 Consolidated Revenue: ₹8.48 crore
• FY25 Consolidated Revenue: ₹6.25 crore

What to track next

Investors should closely monitor the company's progress in regaining empanelment with LIC. Additionally, the performance of the newly launched investment and trading segment, as well as the contribution of the acquired subsidiary, will be key factors to track in the upcoming financial periods.