NAM Securities triples revenue, swings to profit in June quarter
Revenue from operations surged to ₹25.73 cr from ₹8.39 cr in the preceding quarter, and net profit hit ₹20.08 lakh against a loss of ₹25.21 lakh.
What's new
- Revenue soared to ₹25.73 crore from ₹8.39 crore in the March quarter.
- Net profit of ₹20.08 lakh reversed a ₹25.21 lakh loss last quarter.
- Auditors issued an unmodified limited review report.
Why this matters
For a micro-cap broker with a market cap of just ₹39 crore, a threefold revenue jump and a swing to profitability is a dramatic turnaround. But the net profit margin is wafer-thin, raising questions about sustainability.
What we're watching
- Whether revenue growth is repeatable or a one-off.
- Cost trajectory - margins need to widen for the stock to justify its trailing P/E of 287.6.
- Any forward guidance from management in the coming quarters.
The full read
NAM Securities just reported its best quarter in recent memory. Revenue from operations hit ₹25.73 crore, more than triple the preceding quarter's ₹8.39 crore and well above the ₹11.84 crore a year ago. Net profit came in at ₹20.08 lakh, reversing a ₹25.21 lakh loss in the March quarter. These are strong numbers on their face. But the profit margin is razor-thin, and the company's trailing P/E of 287.6 leaves no room for disappointment. The stock will cheer the turnaround. The question is whether it can sustain this revenue run-rate and expand margins before the market starts asking harder questions.
Questions answered
- How much did NAM Securities earn in the June 2026 quarter?
- Revenue from operations was ₹25.73 crore and net profit was ₹20.08 lakh, compared to a loss of ₹25.21 lakh in the March 2026 quarter.
- Is this a one-time boost or a sustainable trend?
- The filing gives no forward guidance. The sharp sequential jump from ₹8.39 crore to ₹25.73 crore suggests a possible seasonal or event-driven spike, but there's no detail on segment performance.
- What is the company's market cap and valuation?
- NAM Securities has a market cap of about ₹39 crore. Trailing P/E is 287.6, implying the market is pricing in continued growth from this low base.
- Did the auditors qualify the results?
- No. The statutory auditors issued an unmodified (clean) limited review report for the June 2026 quarter.