How did a ₹30.63 crore profit turn into a ₹270.20 crore loss?

The ₹30.63 crore figure is profit before tax from operations. The ₹270.20 crore loss is total comprehensive income, which includes the after-tax impact of fair-value adjustments on the investment portfolio. The mark-to-market loss overwhelmed the operational profit.

What is the scale of the investment mark-down?

The filing does not detail the specific assets. The gap between the ₹30.63 crore operational profit and the ₹270.20 crore loss indicates the pre-tax fair-value adjustment was roughly ₹300 crore.

How does the dividend compare to the company's size?

The ₹2.50 per share dividend translates to a yield of about 0.91% based on the company's ₹274 crore market capitalization. It represents a total cash outflow of ₹2.50 crore.

What else did the board decide?

The board re-appointed independent directors Rusha Mitra and Trivikram Khaitan for second five-year terms. This is a routine governance renewal alongside the financial results.

Earnings · Finance - NBFC · Micro cap

Quest Capital's ₹30.6 cr operating profit wiped out by ₹270 cr portfolio loss

Operational profit grew 21% in FY26, but a fair-value adjustment on the investment portfolio swung the year to a total loss of ₹270.20 crore.

— 2 earlier stories on Quest Capital Markets Ltd. →

QUESTCAP By Tipsheet Editorial 29 May 2026 · 6:41 PM IST Verify on BSE · NSE

Mkt cap₹274 cr

P/E6.83×

ROE1.48%

Debt / eq.0.00

Div yld0.91%

₹270.20 cr Total comprehensive loss from investment mark-downs, overwhelming the ₹30.63 cr operating profit.

What's new

Profit before tax rose 21% to ₹30.63 crore in FY26 from ₹25.37 crore a year earlier.
A large fair-value adjustment on investments resulted in a total loss of ₹270.20 crore for the year.
The board recommended a final dividend of ₹2.50 per share, a total payout of ₹2.50 crore.

Why this matters

The core brokerage business is profitable and growing. But reported earnings are at the mercy of portfolio swings, and a single valuation move turned a ₹30 crore operating profit into a ₹270 crore loss.

What we're watching

Whether the ₹270 cr investment hit is a one-time mark or signals deeper portfolio risk.
How the company's investment book performs in FY27 as markets move.
The stock's reaction to a dividend yield of ~0.91% on a volatile earnings base.

The full read

Quest Capital's core business delivered. Profit before tax grew 21% to ₹30.63 crore in FY26 from ₹25.37 crore a year prior. For a company with a ₹274 crore market cap, that is a healthy operational base. Then the investment book hit. A fair-value adjustment swung the bottom line to a total loss of ₹270.20 crore. The gap between the two numbers tells the story: its operating business is solid, but its reported earnings are hostage to portfolio volatility. The board returned ₹2.50 crore via a final dividend of ₹2.50 per share, yielding about 0.91%. For investors, the operational profit is real. The ₹270 crore loss is a mark-to-market ghost. Which one matters more depends on the portfolio's trajectory in FY27.

Questions answered

How did a ₹30.63 crore profit turn into a ₹270.20 crore loss?: The ₹30.63 crore figure is profit before tax from operations. The ₹270.20 crore loss is total comprehensive income, which includes the after-tax impact of fair-value adjustments on the investment portfolio. The mark-to-market loss overwhelmed the operational profit.
What is the scale of the investment mark-down?: The filing does not detail the specific assets. The gap between the ₹30.63 crore operational profit and the ₹270.20 crore loss indicates the pre-tax fair-value adjustment was roughly ₹300 crore.
How does the dividend compare to the company's size?: The ₹2.50 per share dividend translates to a yield of about 0.91% based on the company's ₹274 crore market capitalization. It represents a total cash outflow of ₹2.50 crore.
What else did the board decide?: The board re-appointed independent directors Rusha Mitra and Trivikram Khaitan for second five-year terms. This is a routine governance renewal alongside the financial results.

Mentioned: Quest Capital Markets Ltd. · ₹30.63 cr PBT · ₹270.20 cr total comprehensive loss

Primary source BSE · NSE

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

Story so far

All notes on QUESTCAP →

29 May 2026 · 6:41 PM IST Quest Capital's ₹30.6 cr operating profit wiped out by ₹270 cr portfolio loss
1d ago Quest Capital's ₹343 cr investment write-down erased its ₹23.5 cr profit
1d ago Quest Capital's ₹23.53 cr profit gets wiped by a ₹343 cr investment swing