Arihant Capital profits halve as CFO resigns
Annual earnings drop **46.4%** on weak fee income, while Q4 net profit collapses to just **₹0.50 crore**.
— 1 earlier story on Arihant Capital Markets Ltd. →What's new
- FY26 profit fell 46.4% as broking fee income dropped and the firm incurred fair value losses.
- Q4 net profit plunged 93.5% year-over-year to ₹0.50 crore.
- CFO Uttam Maheshwari resigned effective May 31.
Why this matters
The company's core brokerage business is struggling against a double-whammy of falling fee income and mark-to-market losses. The simultaneous loss of its CFO at this juncture creates a leadership vacuum during a period of poor financial performance.
What we're watching
- Any communication regarding the search for a new CFO.
- Whether Q1 performance shows any stabilization in fee income.
- The trajectory of fair value losses in the coming quarters.
The full read
Arihant Capital Markets finished FY26 with a 46.4% decline in consolidated net profit, which fell to ₹31.5 crore from ₹58.7 crore the prior year. The momentum worsened significantly in the final three months of the year, where net profit collapsed to ₹0.50 crore—a 93.5% drop compared to the ₹7.7 crore recorded in the same quarter last year. Beyond the financials, the company must now manage a leadership transition following the resignation of CFO Uttam Maheshwari, effective May 31. The board opted for stability on the payout front, keeping the dividend at ₹0.50 per share. The combination of shrinking margins in its core brokerage operations and a departing finance chief makes the next few quarters critical for the firm's credibility.
Questions answered
- What is happening with the dividend?
- The board maintained the dividend at ₹0.50 per share, unchanged from the previous year.
- Why did the profit decline so sharply?
- The decline stems from reduced fee and commission income combined with net fair value losses reported by the broking firm.
Arihant Capital Markets Ltd.
Latest quarter · Mar 2026
Leverage & growth
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All notes on ARIHANTCAP →- 21 May 2026 · 7:31 PM IST Arihant Capital profits halve as CFO resigns
- 61d ago Arihant Capital's FY26 profit falls 46%. The numbers were already out.