Why did SKP Securities' profit decline in Q1?

Revenue stayed flat at ₹10.43 crore, but total expenses rose 12% to ₹7.60 crore, driven by higher employee costs and finance charges, squeezing margins.

Is this profit drop a one-off or a trend?

The filing gives no forward view. The auditor's review was clean, but the quarter reverses the trailing PAT growth of 64%.

What is SKP Securities' current valuation?

It has a market cap of ₹76 crore, a P/E of 7.4, ROE of 19.7%, and low debt at 0.20 debt/equity.

Are there any governance or audit concerns?

No. The statutory auditor's limited review found no issues.

Earnings · Finance - Investment · Micro cap

SKP Securities profit slips 21% in Q1 as costs climb

Revenue barely moved at ₹10.43 crore, but employee and finance charges ate into the bottom line. A routine quarter for the nano-cap broker, but the margin squeeze is visible.

— 1 earlier story on SKP Securities Ltd. →

SKPSEC By Tipsheet Editorial 25 Jul 2026 · 12:40 PM IST Verify on BSE · NSE

Mkt cap₹76.19 cr

P/E7.36×

ROE19.70%

Debt / eq.0.20

Div yld1.71%

-21% Q1 net profit decline YoY

What's new

Net profit fell to ₹2.24 crore from ₹2.85 crore a year ago.
Revenue flat at ₹10.43 crore; expenses rose 12% to ₹7.60 crore.
Auditor's limited review raised no concerns.

Why this matters

For a nano-cap brokerage, cost creep is the headline. Employee and finance charges outpaced revenue, compressing margins. With a trailing PAT growth of 64%, this quarter reverses momentum.

What we're watching

Whether cost pressures persist into Q2.
Any uptick in brokerage revenue.
Management commentary on expense controls.

The full read

SKP Securities saw net profit drop 21% in Q1 FY27, slipping to ₹2.24 crore from ₹2.85 crore a year ago. Revenue held steady at ₹10.43 crore, but the cost side worsened — total expenses climbed to ₹7.60 crore, driven by higher employee costs and finance charges. The statutory auditor found no issues, and for a nano-cap broker with a ₹76 crore market cap and a 7.4 P/E, the quarter is unremarkable. Yet the margin squeeze is real. Trailing PAT growth of 64% had set a higher bar; this quarter reverses that momentum. The next test: whether costs stabilise or revenue finally picks up.

Questions answered

Why did SKP Securities' profit decline in Q1?: Revenue stayed flat at ₹10.43 crore, but total expenses rose 12% to ₹7.60 crore, driven by higher employee costs and finance charges, squeezing margins.
Is this profit drop a one-off or a trend?: The filing gives no forward view. The auditor's review was clean, but the quarter reverses the trailing PAT growth of 64%.
What is SKP Securities' current valuation?: It has a market cap of ₹76 crore, a P/E of 7.4, ROE of 19.7%, and low debt at 0.20 debt/equity.
Are there any governance or audit concerns?: No. The statutory auditor's limited review found no issues.

Mentioned: Q1 FY27 · ₹2.85 crore · ₹2.24 crore

Primary source BSE · NSE · Tijori

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

Company snapshot

SKP Securities Ltd.

Asset Management

₹78 cr

P/E 8.01×

Latest quarter · Mar 2020

Total income₹3 cr

Net profit−₹1 cr

Net margin−21.3%

EPS−₹1.02

Leverage & growth

Debt / equity0.01×

Sales CAGR+14.7%

EPS CAGR+25.0%

Story so far

All notes on SKPSEC →

25 Jul 2026 · 12:40 PM IST SKP Securities profit slips 21% in Q1 as costs climb
3d ago SKP Securities' Q1 profit slips 21% as expenses rise