What drove Harmony Capital's first operating revenue?

The company attributed the ₹4.41 cr revenue to trading activity. It had no revenue in the year-ago quarter.

What is the Truvolt Engineering acquisition about?

Harmony will acquire a 51% stake via a share swap valued at ₹83.47 cr, issuing 1.26 cr shares at ₹66 each. The deal is subject to approvals and expects closure within 15 days.

How did the quarterly results compare to prior periods?

In the year-ago quarter, the company had no revenue and reported a loss. The June 2026 quarter swung to ₹4.41 cr revenue and ₹1.23 cr net profit.

When will the acquisition complete?

The company expects closure within 15 days after receiving shareholder and regulatory approvals.

Earnings · Finance - Investment · Micro cap

Harmony Capital posts first revenue, profit of ₹1.23 cr

Nano-cap firm swings to profit on ₹4.41 cr trading revenue; formalises ₹83.47 cr share-swap for Truvolt Engineering.

— 3 earlier stories on Harmony Capital Services Ltd. →

HRMNYCP By Tipsheet Editorial 16 Jul 2026 · 10:34 PM IST Verify on BSE · NSE

Mkt cap₹113 cr

P/E424.94×

ROE26.53%

Debt / eq.0.00

₹1.23 cr Net profit in June 2026 quarter, first-ever.

What's new

First-ever operating revenue of ₹4.41 cr from trading activity
Net profit of ₹1.23 cr against a year-ago loss
Board formalised ₹83.47 cr share-swap for 51% of Truvolt Engineering

Why this matters

Harmony Capital was a shell with no revenue until this quarter. The turnaround to profitability and the pending acquisition give it a new investment narrative. The next test is whether the trading revenue sustains.

What we're watching

Closing of the Truvolt acquisition within 15 days of approvals
Sustainability of trading revenue beyond one quarter
Any further capital raises from the new promoter

The full read

Harmony Capital Services has reported its first operating revenue ever. In the June 2026 quarter, the nano-cap firm earned ₹4.41 cr from trading activity and posted a net profit of ₹1.23 cr, reversing a loss in the year-ago period. The turnaround comes after a period of nil operations. Separately, the board formalised the acquisition of a 51% stake in Truvolt Engineering through a share swap worth ₹83.47 cr, issuing 1.26 crore shares at ₹66 each. The deal, already announced, now needs shareholder and regulatory clearance. The next test is whether the trading revenue sustains and the acquisition closes smoothly.

Questions answered

What drove Harmony Capital's first operating revenue?: The company attributed the ₹4.41 cr revenue to trading activity. It had no revenue in the year-ago quarter.
What is the Truvolt Engineering acquisition about?: Harmony will acquire a 51% stake via a share swap valued at ₹83.47 cr, issuing 1.26 cr shares at ₹66 each. The deal is subject to approvals and expects closure within 15 days.
How did the quarterly results compare to prior periods?: In the year-ago quarter, the company had no revenue and reported a loss. The June 2026 quarter swung to ₹4.41 cr revenue and ₹1.23 cr net profit.
When will the acquisition complete?: The company expects closure within 15 days after receiving shareholder and regulatory approvals.

Mentioned: Truvolt Engineering · ₹83.47 cr share swap

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Harmony Capital Services Ltd.

Asset Management

₹119 cr

P/E 446.05×

Latest quarter · Mar 2026

Total income₹0 cr

Net profit₹0 cr

Net margin+0.0%

EPS₹1.16

Leverage & growth

Debt / equity0.00×

Sales CAGR−100.0%

EPS CAGR+11.7%

Story so far

All notes on HRMNYCP →

16 Jul 2026 · 10:34 PM IST Harmony Capital posts first revenue, profit of ₹1.23 cr
today Harmony Capital, a shell, swallows ₹315 cr Truvolt in share-swap deal
3d ago Harmony Capital mulls another capital raise after new promoter entry
41d ago New promoter locks in board at Harmony Capital, ousts two directors