Emkay Global Q1 net profit doubles YoY to ₹6.65 cr, but slips sequentially
A sharp year-on-year profit recovery, but a sequential slip from the March quarter tempers the outlook. Revenue held at ₹83 crore.
— 1 earlier story on Emkay Global Financial Services Ltd. →What's new
- Emkay Global's standalone net profit more than doubled YoY to ₹6.65 cr in Q1 FY27.
- Profit declined 18% from the preceding March quarter's ₹8.12 cr.
- Revenue from operations stood at ₹83 cr; consolidated net profit at ₹9.11 cr.
Why this matters
The year-on-year doubling is a relief after a weak base, but the sequential decline signals that margin pressure may be building. The stock's trailing P/E of 50x prices in strong growth; any deceleration could reset expectations.
What we're watching
- Whether revenue can sustainably cross ₹80 cr/quarter.
- Operating margin trajectory — the sequential profit drop hints at cost creep.
- Brokerage volumes in the upcoming festive season.
The full read
Emkay Global's Q1 numbers tell a split story. The year-on-year jump in net profit to ₹6.65 crore looks strong, but it comes off a soft base. More telling is the 18% sequential slide from ₹8.12 crore in the March quarter, while revenue held at ₹83 crore. Margin pressure is building. The filing itself is routine: compliance checks, no deviations, no new strategic announcements. For a stock trading at 50x trailing earnings, the next test is whether Emkay can push revenue past ₹80 crore sustainably while protecting margins.
Questions answered
- How did Emkay Global's Q1 profit compare to the previous quarter?
- Standalone net profit fell to ₹6.65 crore from ₹8.12 crore in the March 2026 quarter, a decline of 18%. Revenue was ₹83 crore, but the filing does not provide prior-quarter revenue for comparison.
- What drove the year-on-year profit growth?
- Net profit more than doubled from ₹2.76 crore in Q1 FY26, likely due to a low base and improved brokerage income. The filing does not break down revenue sources.
- What were the consolidated results?
- On a consolidated basis, net profit for Q1 FY27 was ₹9.11 crore, though the accompanying revenue figure is not disclosed in this filing.
- Did the board approve any new initiatives or changes?
- No. The board reviewed routine compliance statements on debt securities and preferential issue proceeds, noting no deviations. No new strategic announcements were made.
Emkay Global Financial Services Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on EMKAY →- 27 Jul 2026 · 5:40 PM IST Emkay Global Q1 net profit doubles YoY to ₹6.65 cr, but slips sequentially
- 1d ago Emkay Global spins off wealth management into wholly owned subsidiary