Alacrity Securities profits surge 93% in June quarter, reverses March loss
Revenue rises 57% to ₹111.18 crore; net profit hits ₹7.39 crore. Unqualified audit opinion for the nano-cap broker.
— 1 earlier story on Alacrity Securities Ltd. →What's new
- Net profit up 93% YoY to ₹7.39 crore
- Revenue jumps 57% to ₹111.18 crore from ₹70.63 crore
- Turns around from a loss of ₹5.55 crore in Mar 2026 quarter
Why this matters
For a nano-cap broker with a market cap of just ₹320 crore, the sharp earnings recovery signals improving operating performance. But the volatile earnings history (PAT was negative trailing 12 months) means one quarter doesn't make a trend.
What we're watching
- Whether the revenue and profit momentum sustains into Q2
- Any revenue contribution from the newly approved demat account business
- Expense control given brokerage margins are thin
The full read
Alacrity Securities delivered a strong June quarter: revenue rose 57% to ₹111.18 crore and net profit jumped 93% to ₹7.39 crore. The more striking story is the reversal from a ₹5.55 crore loss in the preceding March quarter. For a ₹320 crore market-cap broker, the operating performance is real. The auditor signed off with an unqualified opinion. But the trailing PAT was still negative, and this is one quarter. What changes now is whether the demat-account license won in June can add a stable fee stream. The numbers are good. The test is repetition.
Questions answered
- How did Alacrity's June quarter net profit compare to last year and the previous quarter?
- Net profit surged 93% year-on-year to ₹7.39 crore, and reversed a loss of ₹5.55 crore in the preceding March quarter.
- What drove the sharp turnaround from a loss in March?
- Revenue grew 57% to ₹111.18 crore, and expenses were controlled, leading to positive net profit after a seasonal or one-off hit in the March quarter.
- What is the auditor's opinion on these results?
- The auditor issued an unqualified limited review opinion, meaning no material misstatements were found.
- Does this performance change Alacrity's valuation?
- At a P/E of 51.5x trailing earnings, the stock already priced in recovery. The new quarter annualized gives a P/E of roughly 11x, but sustainability is key.
Alacrity Securities Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on ALSL →- 16 Jul 2026 · 2:39 PM IST Alacrity Securities profits surge 93% in June quarter, reverses March loss
- 48d ago Alacrity Securities wins SEBI nod to run demat accounts