Quest Capital Markets Reports Strong FY26 Profit, Recommends Dividend

Quest Capital Markets Ltd. has announced its audited financial results for the fiscal year ended March 31, 2026, reporting a net profit of ₹23.53 crore. This marks a significant increase from the ₹19.63 crore profit recorded in the previous fiscal year. The company's revenue from operations also grew to ₹31.35 crore from ₹25.81 crore year-on-year.

Reader Takeaway: Profit growth and dividend payout signal operational strength, but OCI volatility needs monitoring.

What just happened

Quest Capital Markets reported its audited financial results for the fiscal year ending March 31, 2026. Key highlights include a net profit of ₹23.53 crore and revenue from operations of ₹31.35 crore. The company also recommended a dividend of ₹2.50 per equity share (25%) for the fiscal year. The statutory auditors, V. Singhi & Associates, provided an unmodified opinion on the financial statements.

Why this matters

The improved profitability and revenue growth indicate a positive operational performance for Quest Capital Markets. The recommendation of a dividend signals the company's ability to generate sufficient profits and its intention to reward shareholders. An unmodified audit opinion reinforces the credibility of the reported financial figures.

The backstory

For the year ended March 31, 2025, Quest Capital Markets had reported a net profit of ₹19.63 crore and revenue from operations of ₹25.81 crore. The company has seen consistent year-over-year growth in both its top and bottom lines.

What changes now

The recommended dividend of ₹2.50 per share, subject to shareholder approval at the AGM, will provide a direct return to investors. The re-appointment of Ms. Rusha Mitra and Mr. Trivikram Khaitan as Independent Directors ensures continuity in governance. The company has also appointed an internal auditor and is proactively complying with new labour codes.

Risks to watch

A significant concern is the volatility in Other Comprehensive Income (OCI), which reported a loss of ₹293.73 crore for the fiscal year. This is primarily due to mark-to-market fluctuations in the company's investment portfolio, impacting total comprehensive income and overall equity. While an expense of ₹0.0106 crore was accounted for gratuity due to new Labour Codes, its impact is minor.

Peer comparison

(No specific peer comparison data was provided in the filing. Generally, companies in the financial services sector are compared based on profitability ratios, asset under management (AUM), dividend payouts, and return on equity.)

Context metrics (time-bound)

• Revenue from Operations: ₹31.35 crore for FY2026, up from ₹25.81 crore in FY2025.
• Net Profit: ₹23.53 crore for FY2026, up from ₹19.63 crore in FY2025.
• Total Assets: ₹1,118.26 crore as at March 31, 2026.
• Proposed Dividend: ₹2.50 per equity share.

What to track next

Investors should monitor the company's future financial reports to assess the sustainability of profit growth and the impact of OCI fluctuations. Shareholder approval of the proposed dividend at the upcoming AGM is also a key event to watch.