Why did Smart Finsec's profit fall in FY2026?

The decline was driven by lower income from F&O and jobbing activities. Core interest and rental income remained steady year-on-year, so the drop was confined to trading revenue.

How does this result compare to the prior year?

Net profit fell 17% from ₹117.39 lacs in FY2025 to ₹97.67 lacs in FY2026. The company's core revenue streams were unaffected.

Were there any issues with the audit?

No. The auditors issued an unmodified, or clean, opinion on the FY2026 standalone accounts, signalling no qualifications or concerns.

What other matters did the board address?

The board approved the routine re-appointment of the company's secretarial and internal auditors. These are standard annual administrative actions.

Earnings · Finance - NBFC · Micro cap

Smart Finsec profit slips 17% on weaker F&O income

Net profit fell to ₹97.67 lacs as jobbing income declined, while core interest and rental streams held steady.

— 1 earlier story on Smart Finsec Ltd. →

SMARTFIN By Tipsheet Editorial 25 May 2026 · 6:09 PM IST Verify on BSE · NSE

Mkt cap₹25.17 cr

P/E25.74×

ROE7.48%

Debt / eq.0.00

₹97.67 lacs FY2026 net profit, down from ₹117.39 lacs a year prior

What's new

Net profit fell 17% to ₹97.67 lacs in FY2026, driven by lower F&O and jobbing income.
Interest and rental income remained stable year-on-year.
Auditors issued an unmodified opinion on the accounts.

Why this matters

The decline is isolated to trading income, not the core lending and rental book. For a ₹25 crore nano-cap, this is a routine earnings update with no operational surprise. The unmodified audit opinion removes any governance overhang.

What we're watching

Whether F&O income recovers in the next fiscal year.
Trends in the core interest and rental book.
Any changes in capital allocation or dividend policy.

The full read

Smart Finsec's FY2026 profit fell 17% to ₹97.67 lacs. The cause was weaker F&O and jobbing income. The core business held up. Interest and rental streams were steady. The auditors signed off with a clean opinion. For a ₹25 crore nano-cap, this is a quiet filing. The numbers are small. The miss is narrow. There's no governance flag. The only line that moved was the one that was always most volatile.

Questions answered

Why did Smart Finsec's profit fall in FY2026?: The decline was driven by lower income from F&O and jobbing activities. Core interest and rental income remained steady year-on-year, so the drop was confined to trading revenue.
How does this result compare to the prior year?: Net profit fell 17% from ₹117.39 lacs in FY2025 to ₹97.67 lacs in FY2026. The company's core revenue streams were unaffected.
Were there any issues with the audit?: No. The auditors issued an unmodified, or clean, opinion on the FY2026 standalone accounts, signalling no qualifications or concerns.
What other matters did the board address?: The board approved the routine re-appointment of the company's secretarial and internal auditors. These are standard annual administrative actions.

Mentioned: Smart Finsec Ltd. · ₹97.67 lacs FY2026 net profit · ₹25 crore market cap

Primary source BSE · NSE · Tijori

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

Story so far

All notes on SMARTFIN →

25 May 2026 · 6:09 PM IST Smart Finsec profit slips 17% on weaker F&O income
42d ago Smart Finsec profit drops 17% for FY26; Q4 falls 47% from prior quarter