Standard Capital Markets Ltd (511700)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Standard Capital's net interest income was ₹-19.5 Cr, and net profit ₹-62.8 Cr (against a profit a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹-19.5 | to loss | to loss |
| Operating profit | ₹-69.0 | — | — |
| Net profit | ₹-62.8 | to loss | to loss |
| EPS (₹) | -0.26 | to loss | to loss |
📢 Recent Corporate Announcements
Standard Capital Markets announced that the appointment and re-designation of Mr. Krishnan from Executive Director to Managing Director has not become effective. The resolution was tabled at the 39th Annual General Meeting on September 29, 2026, but shareholders were unable to cast votes due to a technical glitch in the e-voting facility. The company plans to bring the proposal back before shareholders at an upcoming General Meeting, while Mr. Krishnan continues in his current role as Executive Director.
- Resolution was placed at the 39th AGM held on September 29, 2026
- Technical glitch in e-voting facility prevented shareholders from voting on Item No. 6
- MD appointment effective date of September 30, 2026 is nullified for now
- Mr. Krishnan continues in his existing capacity as Executive Director
Standard Capital Markets announced that Mr. Ram Gopal Jindal has ceased to hold the position of Managing Director effective close of business hours on September 29, 2026. This follows his resignation letter submitted on September 5, 2026. However, Mr. Jindal will continue to serve on the company's Board as an Executive Director. The company reported a net loss of Rs 62.82 Cr in Q1 FY27 (June 2026) and operates with a small promoter holding of 2.65%.
- Cessation of Ram Gopal Jindal as Managing Director effective September 29, 2026
- Resignation submitted initially via letter dated September 5, 2026
- Mr. Jindal continues to serve on the Board as an Executive Director
- Company reported a net loss of Rs 62.82 Cr on revenue of Rs 10.84 Cr in the quarter ended June 2026
Standard Capital Markets announced that Mr. Ram Gopal Jindal has ceased to hold the position of Managing Director effective close of business hours on September 29, 2026. This follows his resignation letter submitted on September 5, 2026. However, Mr. Jindal will continue to serve on the company's Board as an Executive Director. The company reported a net loss of Rs 62.82 Cr in Q1 FY27 (June 2026) and operates with a small promoter holding of 2.65%.
- Cessation of Ram Gopal Jindal as Managing Director effective September 29, 2026
- Resignation submitted initially via letter dated September 5, 2026
- Mr. Jindal continues to serve on the Board as an Executive Director
- Company reported a net loss of Rs 62.82 Cr on revenue of Rs 10.84 Cr in the quarter ended June 2026
Standard Capital Markets Limited has received approval from the NCLT Mumbai Bench-I for its Resolution Plan to acquire Ojas Tradelease and Mall Management Private Limited under the Corporate Insolvency Resolution Process (CIRP). The NCLT order was passed on August 18, 2026, and received by the company on August 20, 2026. Financial outlay, acquisition cost, and resolution terms for the corporate debtor were not disclosed in the filing.
- NCLT Mumbai Bench-I approved the Resolution Plan submitted by the company under Section 31 of IBC, 2016.
- Order passed on August 18, 2026, in IA (IBC)(Plan)/58/MB/2026 in CP (IB) No. 865 of 2022.
- The company acts as the Successful Resolution Applicant (SRA) for Ojas Tradelease and Mall Management Private Limited.
- Financial consideration and implementation timelines were not disclosed in the filing.
Standard Capital Markets reported a severe quarterly downturn in Q1 FY27 (ended June 30, 2026), posting a standalone net loss of Rs 62.82 Cr compared to a net profit of Rs 14.85 Cr in Q1 FY26 and Rs 77.04 Cr in Q4 FY26. Total income fell 84% YoY to Rs 10.85 Cr, hit by negative interest income of Rs (6.64) Cr following RBI IRACP provisioning norms on distressed assets. Total expenses surged to Rs 79.89 Cr, driven by Rs 48.64 Cr in other expenses and Rs 29.92 Cr in finance costs. The company also redeemed multiple outstanding NCD tranches and issued a bank guarantee of Rs 6.91 Cr for a resolution plan.
- Standalone Net Loss plunged to Rs 62.82 Cr (Rs 6,282.27 Lakhs) vs a profit of Rs 14.85 Cr in Q1 FY26
- Total Income dropped 84% YoY to Rs 10.85 Cr (Rs 1,084.85 Lakhs), dragged by interest income reversals of Rs (6.64) Cr
- Total Expenses stood elevated at Rs 79.89 Cr, largely reflecting provisions and recoveries on distressed assets under RBI IRACP norms
- Diluted EPS dropped to -Rs 0.256 for the quarter versus +Rs 0.071 in Q1 FY26
- Full redemption completed for multiple NCD issues (NCDs-1, Series I, II, IV, and V) leaving zero outstanding across these series
Standard Capital Markets reported a consolidated net loss of ₹62.82 Cr for the quarter ended June 30, 2026, compared to a net profit of ₹14.69 Cr in the same period last year. Consolidated total income dropped sharply to ₹10.84 Cr from ₹68.00 Cr in the year-ago period, heavily dragged down by negative interest income of ₹(6.65) Cr. Total expenses remained elevated at ₹79.88 Cr, driven by finance costs of ₹29.91 Cr and other expenses of ₹48.64 Cr. Consequently, basic and diluted earnings per share (EPS) declined to ₹(0.256).
- Consolidated net loss stood at ₹62.82 Cr in Q1 compared to a net profit of ₹14.69 Cr in Q1 previous year
- Consolidated total income dropped 84.1% year-on-year to ₹10.84 Cr versus ₹68.00 Cr
- Consolidated interest income turned negative to ₹(6.65) Cr from ₹57.57 Cr in the prior-year period
- Total expenses rose to ₹79.88 Cr, driven by other expenses of ₹48.64 Cr and finance costs of ₹29.91 Cr
- Reported basic and diluted EPS declined to ₹(0.256) on a face value of ₹1
Standard Capital Markets has scheduled a board meeting for August 14, 2026, to approve standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The company is coming off a high-growth period where TTM revenue reached Rs 397 Cr and TTM PAT stood at Rs 81 Cr. Despite this, the market capitalization remains low at Rs 93 Cr, resulting in a P/E ratio of 1.2. Investors should be aware of the significantly low promoter holding, which stood at 2.65% as of March 2026.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 financial results
- Trading window for designated persons closed from July 01, 2026, until 48 hours post-results
- Company reported a 211.55% expansion in AUM to Rs 1,318.85 Cr as of March 31, 2025
- Promoter holding has decreased from 9.58% in June 2025 to 2.65% in March 2026
- TTM revenue of Rs 397 Cr is significantly higher than the current market cap of Rs 93 Cr
Standard Capital Markets Ltd has scheduled a board meeting for August 14, 2026, to approve its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. This follows a significant growth phase where FY26 revenue reached ₹396 cr compared to ₹101 cr in FY25. The company currently operates with a market capitalization of ₹93 cr and a TTM PAT of ₹81 cr. Investors should be aware of the low promoter holding, which stood at 2.65% as of March 2026.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Trading window for designated persons has been closed since July 01, 2026
- Company reported a TTM revenue of ₹397 cr against a market cap of only ₹93 cr
- Promoter holding remains low at 2.65% as of the March 2026 quarter
- AUM stood at ₹1,318.85 cr as of March 31, 2025, a 211.55% year-on-year expansion
Standard Capital Markets has approved a strategic investment of ₹1,200 crore in Sunbridge Solar Power Private Limited, a renewable energy company. The investment involves subscribing to 8,81,380 Compulsorily Convertible Preference Shares (CCPS) at a price of ₹13,615 per share. Sunbridge Solar is currently in the 'under construction' phase with no current turnover, representing a significant pre-revenue bet on the solar sector. This move marks a major diversification of the company's investment portfolio into green energy infrastructure.
- Total cost of acquisition for the CCPS is ₹1,200 Crore
- Subscription to 8,81,380 CCPS at an issue price of ₹13,615 per share against a face value of ₹10
- Target entity Sunbridge Solar Power was incorporated on July 04, 2022, and is currently pre-revenue
- The investment is a cash consideration aimed at diversifying the company's portfolio into Renewable Energy/Solar Power
- The board meeting for this approval was conducted in 20 minutes, from 11:30 A.M. to 11:50 A.M. on July 08, 2026
Financial Performance
Revenue Growth by Segment
The company operates in a single segment (NBFC activities). Revenue from operations grew by 107.47% YoY to INR 64.25 Cr (INR 6,424.92 Lakhs) from INR 30.97 Cr. Total revenue increased by 225.42% YoY to INR 100.78 Cr (INR 10,077.65 Lakhs).
Geographic Revenue Split
Not disclosed in available documents, though the company aspires to a Pan-India presence.
Profitability Margins
Operating Profit Margin declined from 49.15% to 32.12% (a drop of 1,703 bps). Net Profit Margin decreased from 34.58% to 28.13% (a drop of 645 bps). Return on Net Worth also fell from 13.94% to 11.02%.
EBITDA Margin
Operating Profit Margin stood at 32.12% for FY2024-25, reflecting a significant YoY compression from 49.15% as the company scaled its AUM by 211.55%.
Capital Expenditure
Not disclosed in available documents; as an NBFC, the primary capital allocation is toward the loan book (AUM), which grew to INR 1,318.85 Cr (INR 1,31,885.49 Lakhs).
Credit Rating & Borrowing
The Debt-Equity Ratio increased from 1.54% to 3.21% YoY. The Interest Coverage Ratio declined from 1.95% to 1.54%, indicating higher leverage and increased interest obligations relative to earnings.
Operational Drivers
Raw Materials
As a financial services entity, the primary 'raw material' is the Cost of Funds/Capital (borrowings and equity) used to generate interest income.
Key Suppliers
Not disclosed; typically includes banks, financial institutions, and capital market investors providing debt capital.
Capacity Expansion
Current Assets Under Management (AUM) is INR 1,318.85 Cr (INR 1,31,885.49 Lakhs) as of March 31, 2025, representing a 211.55% expansion from INR 423.32 Cr in the previous year.
Raw Material Costs
Not applicable; however, interest expense is a key driver, reflected in the Interest Coverage Ratio of 1.54%.
Manufacturing Efficiency
Not applicable; operational efficiency is targeted through process automation and leveraging analytics for customer acquisition.
Logistics & Distribution
Not applicable; distribution is handled through digital channels and a strategic foothold in commercial finance.
Strategic Growth
Growth Strategy
Growth will be achieved by scaling the MSME and Education Loan portfolios, expanding the Consumer Durables Loans business, and increasing fee-based income. The company is also leveraging analytics for customer acquisition and participating in the corporate insolvency resolution process (CIRP) of Paymark Payment Technologies.
Products & Services
Business Loans, Personal Loans, Education Loans, MSME Loans, and Consumer Durables Loans.
Brand Portfolio
Standard Capital Markets Limited (SCML).
New Products/Services
Expansion into Consumer Durables Loans and enhanced MSME financial solutions.
Market Expansion
Targeting deeper penetration in semi-urban and rural markets and diversifying into new financial products.
Strategic Alliances
Mentions potential for co-lending partnerships with banks to expand reach and manage liquidity.
External Factors
Industry Trends
The NBFC sector is growing due to the RBI's Scale-Based Regulation (SBR) framework, which improves transparency. There is a strong shift toward digital transformation and financial inclusion in underserved rural areas.
Competitive Landscape
Faces intense competition from public sector banks, other NBFCs, and new-age fintech lenders, particularly in unsecured lending segments.
Competitive Moat
The moat is built on a specialized understanding of MSME needs and the ability to offer customized products that traditional banks may overlook, supported by a process-driven internal control framework.
Macro Economic Sensitivity
Highly sensitive to interest rate volatility and inflationary trends, which impact borrower repayment capacity and the company's cost of capital.
Consumer Behavior
Increasing demand for digital-first financial solutions and quick turnaround times for loan approvals.
Geopolitical Risks
Global economic disruptions could impact domestic credit demand and the overall stability of the Indian financial system.
Regulatory & Governance
Industry Regulations
Subject to RBI's Scale-Based Regulation (SBR) framework, SEBI Listing Regulations, and the Companies Act, 2013.
Taxation Policy Impact
The effective tax rate for FY2024-25 was approximately 10.14% (Tax of INR 3.20 Cr on PBT of INR 31.55 Cr).
Risk Analysis
Key Uncertainties
Credit risk (recovery of capital from counterparties) and Asset Quality risks (rising NPAs) are primary uncertainties that could impact the INR 28.35 Cr PAT.
Geographic Concentration Risk
Not disclosed; vision is Pan-India, but current concentration is not specified.
Third Party Dependencies
Dependency on external funding sources and potential co-lending partners for liquidity.
Technology Obsolescence Risk
Risk of being disrupted by fintechs; mitigated by plans to automate processes and leverage analytics.
Credit & Counterparty Risk
Exposure is spread across Business, Personal, and Education loans within the INR 1,318.85 Cr AUM, managed via a robust credit risk framework.
