Shardul Securities Reports ₹58.95 Crore Net Loss for FY26
Shardul Securities Limited announced its audited financial results for the fiscal year ending March 31, 2026. The company reported a standalone net loss of ₹58.95 crore and a consolidated net loss of ₹49.14 crore.
Key Financials
For the fiscal year, standalone revenue was ₹5.37 crore, while consolidated revenue reached ₹15.98 crore. These figures underscore the financial challenges the company faced.
Audit Opinion
Despite the financial losses, the company received an unmodified audit opinion from its statutory auditors. This suggests that the financial statements are presented fairly and accurately.
Company Operations
Shardul Securities operates as a Base Layer NBFC, focusing on investment and finance activities. This business classification outlines its operational environment and inherent risks.
Future Appointments and Assessments
Looking ahead, the company has appointed M/s. Atul HMV & Associates LLP as its internal auditor for the fiscal year April 1, 2026, to March 31, 2027. An assessment of the impact of new Labour Codes indicated no material effect on the company's financials.
Investor Watch
Continued net losses represent the primary risk for investors. Close monitoring of the company's performance within the NBFC sector, especially its investment and finance operations, is advised. Investors will be tracking future financial results, revenue growth, and the company's strategies to address these losses.
