Steel City Securities' Q2 FY 2025-26 Quarterly Results

Result Summary

• Steel City Securities Ltd reported a 1.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 19.5%.
• Its expenses for the quarter were up by 10.3% QoQ and down 10.7% YoY.
• The net profit decreased 23.3% QoQ and decreased 39.1% YoY.
• The earnings per share (EPS) of Steel City Securities Ltd - at - during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Steel City Securities Ltd is a company that primarily operates in the financial services industry. It offers a range of services including stockbroking, depository participant services, and distribution of financial products like mutual funds and insurance. The company is known for leveraging technology to enhance its service delivery, which aligns with the broader trends in the financial services sector towards digital transformation. The company's operations are focused on providing efficient and reliable services to its clientele, which includes both retail and institutional investors. As of the data available up to October 2023, there are no specific recent major developments highlighted for the company.

Revenue

During the second quarter of FY26, Steel City Securities Ltd reported a total income of ₹16.30 crores. This represents a quarter-over-quarter (QoQ) increase of 1.6% compared to the ₹16.05 crores recorded in the first quarter of FY26. However, on a year-over-year (YoY) basis, the total income decreased by 19.5% from ₹20.24 crores in Q2FY25. These figures indicate fluctuations in the company's revenue performance over both the quarterly and annual periods. The data shows that despite a modest increase in revenue within the fiscal year, the company experienced a significant decrease when compared to the previous year's corresponding quarter.

Profitability

The financial data for Steel City Securities Ltd indicates a decline in profitability for the second quarter of FY26. The profit before tax was ₹4.55 crores, a decrease of 9.7% QoQ from ₹5.04 crores in Q1FY26, and a decline of 29.6% YoY from ₹6.46 crores in Q2FY25. The tax expense also decreased, registering a QoQ decline of 7.8% and a YoY decline of 16.3%. Consequently, the profit after tax for Q2FY26 was ₹3.13 crores, showing a significant decline of 23.3% QoQ from ₹4.08 crores in Q1FY26 and 39.1% YoY from ₹5.14 crores in Q2FY25. These figures reflect a downward trend in the company's profitability metrics over both the quarterly and annual periods.

Operating Metrics

In terms of operating metrics, the earnings per share (EPS) for the second quarter of FY26 was reported at ₹0.00. This represents a complete decline from the EPS of ₹2.70 recorded in Q1FY26 and ₹3.40 in Q2FY25. The drastic drop in EPS by 100.0% both QoQ and YoY is notable and suggests significant changes in the company's earnings capacity over these periods. The total expenses for Q2FY26 were ₹11.93 crores, which increased by 10.3% QoQ from ₹10.82 crores in Q1FY26 but decreased by 10.7% YoY from ₹13.36 crores in Q2FY25. These metrics indicate variations in the company's expense management and operational efficiency across the different reporting periods.