Stock Report

Prime Securities Limited Reports Q1 FY27 Results: Consolidated Revenues Reach ₹33.68 Crore with Profit Turnaround to ₹2.36 Crore

Posted On : 2026-07-24 10:54:45( TIMEZONE : IST )

Prime Securities Limited has announced its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). Driven by solid performance in its core investment banking business and ongoing geographic and AUM expansion in its wealth management arm, Prime Trigen Wealth, the company reported a sequential turnaround in profitability.

Consolidated Financial Performance Overview

Consolidated Revenues: Total revenue for Q1 FY27 stood at INR 3,368 lakhs (₹33.68 crore), representing a 9.4% sequential increase compared to INR 3,078 lakhs in Q4 FY26. Total revenue in Q1 FY26 was INR 4,691 lakhs.

Profit Before Tax (Pre-Exceptional): Stood at INR 639 lakhs (₹6.39 crore), recovering from a loss of INR 594 lakhs recorded in Q4 FY26. PBT in Q1 FY26 stood at INR 1,646 lakhs.

Profit After Tax (PAT): Reached INR 236 lakhs (₹2.36 crore), marking a sharp profit recovery from a net loss of INR 1,292 lakhs in Q4 FY26. PAT in Q1 FY26 stood at INR 1,088 lakhs.

Employee Expenses: Higher employee costs of INR 938 lakhs were recognized during the quarter compared to Q1 FY26, primarily driven by team scaling and talent onboarding for Prime Trigen Wealth.

Cash & Investments Balance: As of June 30, 2026, Prime Securities maintained a strong liquid balance sheet with total Cash plus Investments standing at approximately INR 270 crore.

Prime Trigen Wealth: Strategic Scaling & Performance Update

The company's wealth management subsidiary, Prime Trigen Wealth, continues its rapid expansion to build a recurring, annuity-style revenue stream to complement the lumpy nature of investment banking fees:

PBT Impact: Prime Trigen Wealth reported a PBT loss of INR 1,082 lakhs for Q1 FY27 (vs. a loss of INR 441 lakhs in Q1 FY26), reflecting upfront operational investments and regulatory revenue deferrals.

Regulatory Revenue Deferral: Due to regulatory changes governing trail income recognition, revenues have been deferred by a year. However, all associated setup and operational expenses have been fully recognized upfront. Fixed setup and expansion expenses are estimated at approximately INR 60 crore for FY27.

AUM / AUA Milestone: Combined Assets Under Management and Advice (AUM/AUA) crossed INR 5,000 crore as of June 30, 2026. Income generation from this asset base is expected to commence from Q2/Q3 FY27.

Operational Scale: Trigen Wealth has onboarded 1,400+ clients and 750+ families, operating across 14 locations with over 105 employees.

Break-Even Target: Management envisages the wealth management vertical to achieve operational break-even within 5 to 6 quarters.

Key Business & Growth Highlights

Investment Banking Momentum: Investment banking revenue remained steady, supported by a higher volume of transactions and larger average deal sizes.

Group Headcount: Total headcount across the Prime Securities group reached 147 employees.

Strategy & Outlook: Prime Securities is focused on building long-term franchise value by combining its traditional transactional advisory with annuity fee flows from wealth management. Management remains optimistic about multi-year growth prospects as both deal sizes and wealth management monetization mature.

Shares of Prime Securities Limited was last trading in BSE at Rs. 280.60 as compared to the previous close of Rs. 271.10. The total number of shares traded during the day was 182 in over 23 trades.

The stock hit an intraday high of Rs. 283.70 and intraday low of 273.35. The net turnover during the day was Rs. 50604.00.