Company Update

Rikhav Securities reported H2 FY26 income of 1,604 Cr (EBITDA 6.57 Cr, PAT 1.20 Cr) and FY26 income of 1,991 Cr (EBITDA 32.53 Cr, PAT 18.96 Cr). Profitability faced pressure from 18-23 Cr losses on old cash market investments and volatile markets, despite 4.33 Cr unrealized SLBM profits.

The company is reallocating capital towards high-efficiency proprietary trading and brokerage, reducing SME exposure to 20-25 Cr.

Strategic focus includes strengthening institutional business, investing 5.40 Cr in technology, and geographic expansion.

Management expects 20% growth in brokerage and 20-25% in algo trading for FY27, targeting 40 Cr revenue.