Inani Securities Ltd (531672)
Q2 FY27 results
Inani Securities Ltd reported Q2 FY27 results on 12 Oct 2026: revenue ₹0.4 Cr (+42.5% year on year, +26.7% on the previous quarter), and net profit ₹0.1 Cr (+298.0% year on year); the operating margin was 18.9%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.4 | +42.5% | +26.7% |
| Operating profit | ₹0.1 | from loss | from loss |
| Net profit | ₹0.1 | +298.0% | +407.0% |
| EPS (₹) | 0.17 | +325.0% | +466.7% |
| Operating margin | 18.9% | — | — |
- Profit +696% above its own trend
- Operating margin expanded 2689 bps YoY
- All of pre-tax profit came from other income or one-off items
- H1 FY27 operating cash flow was negative despite a profit
Quality of profit: none of the pre-tax profit of ₹0.1 Cr came from the core business; all of it came from other income and one-off items.
Against its own trend: net profit of ₹0.1 Cr was +696.0% against the ₹0.0 Cr its recent growth pointed to (above trend). This is a statistical baseline, not an analyst estimate.
📢 Recent Corporate Announcements
Aikyam Financial Services Private Limited has announced an open offer to acquire up to 11,85,002 equity shares, representing 26% of Inani Securities Limited, at an offer price of ₹60 per share in cash. The offer price of ₹60 represents a substantial premium of approximately 101% over the current market price of ₹29.80. The transaction will result in a change of control of the company, which currently has a market capitalization of around ₹15 crore and TTM revenues of ₹1 crore. The completion of the deal remains subject to regulatory approvals including stock broking, trading member, and depository participant clearances.
- Open offer to acquire up to 11,85,002 equity shares representing 26% of fully diluted voting equity share capital
- Offer price fixed at ₹60 per share in cash, more than double the last close of ₹29.80
- Implies an open offer deal value of approximately ₹7.11 crore
- Triggers a mandatory change in control under SEBI (SAST) Regulations, 2011
- Bonanza Portfolio Limited appointed as the Manager to the Open Offer
Aikyam Financial Services Private Limited has announced an open offer to acquire up to 11,85,002 equity shares, representing 26% of Inani Securities Limited, at an offer price of ₹60 per share in cash. The offer price of ₹60 represents a substantial premium of approximately 101% over the current market price of ₹29.80. The transaction will result in a change of control of the company, which currently has a market capitalization of around ₹15 crore and TTM revenues of ₹1 crore. The completion of the deal remains subject to regulatory approvals including stock broking, trading member, and depository participant clearances.
- Open offer to acquire up to 11,85,002 equity shares representing 26% of fully diluted voting equity share capital
- Offer price fixed at ₹60 per share in cash, more than double the last close of ₹29.80
- Implies an open offer deal value of approximately ₹7.11 crore
- Triggers a mandatory change in control under SEBI (SAST) Regulations, 2011
- Bonanza Portfolio Limited appointed as the Manager to the Open Offer
Aikyam Financial Services has entered into a Share Purchase Agreement to acquire a 56.92% stake (25,94,214 shares) from the existing promoters of Inani Securities at ₹60.00 per share, totaling ₹15.57 crore. Consequently, the acquirer has launched a mandatory open offer to acquire up to an additional 26.00% (11,85,002 shares) from public shareholders at the same price of ₹60.00 per share, valuing the open offer at ₹7.11 crore. The offer price of ₹60 represents a substantial premium over the current market price of ₹29.80. The transaction involves a complete change of management control and is subject to statutory approvals from SEBI, BSE, NSE, and CDSL.
- SPA entered for acquisition of 56.92% stake (25,94,214 shares) at ₹60.00 per share for ₹15.57 crore
- Open offer announced for up to 26.00% (11,85,002 shares) at ₹60.00 per share, totaling up to ₹7.11 crore
- Offer price of ₹60.00 per share is at an approximate 101% premium to the current market price of ₹29.80
- Acquisition of control subject to requisite approvals from SEBI, BSE, NSE, and CDSL
Inani Securities reported its unaudited financial results for the quarter ended September 30, 2026. Revenue from operations stood at ₹35.63 lakh, up 41.4% YoY from ₹25.19 lakh in Q2 FY26. Net profit for the period rose to ₹7.96 lakh compared to ₹1.95 lakh in the year-ago quarter, supported by total revenue of ₹49.84 lakh. For H1 FY27, net profit stood at ₹9.52 lakh on operations revenue of ₹63.76 lakh.
- Revenue from operations increased to ₹35.63 lakh in Q2 FY27 from ₹25.19 lakh in Q2 FY26
- Net profit grew to ₹7.96 lakh in Q2 FY27 compared to ₹1.95 lakh in Q2 FY26
- Total expenses for the quarter stood at ₹39.09 lakh versus ₹38.73 lakh in Q2 FY26
- H1 FY27 operating cash outflows totaled ₹751.34 lakh, leaving cash and equivalents at ₹189.23 lakh
Inani Securities reported its unaudited financial results for the quarter ended September 30, 2026. Revenue from operations stood at ₹35.63 lakh, up 41.4% YoY from ₹25.19 lakh in Q2 FY26. Net profit for the period rose to ₹7.96 lakh compared to ₹1.95 lakh in the year-ago quarter, supported by total revenue of ₹49.84 lakh. For H1 FY27, net profit stood at ₹9.52 lakh on operations revenue of ₹63.76 lakh.
- Revenue from operations increased to ₹35.63 lakh in Q2 FY27 from ₹25.19 lakh in Q2 FY26
- Net profit grew to ₹7.96 lakh in Q2 FY27 compared to ₹1.95 lakh in Q2 FY26
- Total expenses for the quarter stood at ₹39.09 lakh versus ₹38.73 lakh in Q2 FY26
- H1 FY27 operating cash outflows totaled ₹751.34 lakh, leaving cash and equivalents at ₹189.23 lakh
Inani Securities submitted a clarification to BSE regarding discrepancies raised on its Cash Flow Statement and Earnings Per Share (EPS) for the financial year ended March 31, 2026. The company stated that EPS was inadvertently reported as 0 due to exchange portal rounding issues, confirming actual Basic and Diluted EPS as ₹0.005 per share. It also resubmitted its Cash Flow Statement, which shows net cash flow from operating activities of ₹39.98 lakhs (or ₹0.3998 cr) compared to negative ₹105.82 lakhs in FY25. The company confirmed there is no financial impact on its audited profitability or balance sheet.
- Clarified actual FY26 Basic and Diluted EPS is ₹0.005 per share, previously reported as 0 due to exchange portal auto-rounding.
- Reported FY26 Net cash flows from operating activities of ₹39.98 lakhs vs negative ₹105.82 lakhs in FY25.
- FY26 Profit before tax stood at ₹10.15 lakhs compared to ₹76.21 lakhs in FY25.
- Management confirmed the discrepancy was clerical and technical, with zero material impact on audited profitability.
Inani Securities announced management designation changes approved by shareholders at the 32nd AGM on September 23, 2026. Vishnukant Inani has been appointed as Managing Director cum Chairman, moving from Whole-Time Director. Concurrently, Lakshmikanth Inani transitions from Managing Director to Whole-Time Director. The company also approved the adoption of altered Memorandum and Articles of Association, along with appointing M/s. Baheti Gupta & Co. as Secretarial Auditor.
- Vishnukant Inani redesignated from Whole-Time Director to Managing Director cum Chairman
- Lakshmikanth Inani redesignated from Managing Director to Whole-Time Director
- Shareholder approval secured at the 32nd AGM held on September 23, 2026
- Adoption of altered Memorandum of Association (MOA) and Articles of Association (AOA) approved
- M/s. Baheti Gupta & Co. appointed as Secretarial Auditor
Inani Securities held a Board meeting on August 29, 2026, approving key leadership changes and enabling resolutions subject to shareholder approval. Vishnukant Inani has been designated as Managing Director and Chairman, while Lakshmikanth Inani transitions to Whole-Time Director effective September 23, 2026. Additionally, Ms. Hepsibah Thomas was appointed as Chief Financial Officer effective August 29, 2026. The Board also proposed raising borrowing limits up to Rs 100 crore (5x the company's net worth of Rs 20 crore) and authorized the sale of company properties under Section 180(1)(a).
- Proposed increasing borrowing powers up to Rs 100 crore under Section 180(1)(c), compared to existing net worth of Rs 20 crore.
- Approved enabling resolution for the sale of company properties under Section 180(1)(a) subject to AGM approval.
- Vishnukant Inani re-designated as Managing Director & Chairman, with Lakshmikanth Inani shifting to Whole-Time Director effective September 23, 2026.
- Ms. M. Hepsibah Thomas appointed as Chief Financial Officer (CFO) effective August 29, 2026.
Inani Securities Limited has notified stock exchanges of the relocation of its trading terminals effective August 24, 2026. The terminals (User IDs HYD01 and HYD02) are being shifted from Abids to Madhapur in Hyderabad, Telangana. The company confirmed compliance with all applicable SEBI and exchange regulatory norms. This is a routine operational update with no financial impact.
- Shifting of 2 trading terminal user IDs (HYD01 and HYD02) effective August 24, 2026
- Old location: G-15, Raghava Ratna Towers, Chirag Ali Lane, Abids, Hyderabad - 500001
- New location: Lotus Heights, Plot No. 264, Kavuri Hills, Madhapur, Hyderabad - 500033
- Confirmed full compliance with SEBI and stock exchange regulatory requirements
Inani Securities Limited has formally requested BSE to unfreeze the demat accounts and shareholdings of its promoter and promoter group. The holdings were frozen at the ISIN level in compliance with SEBI guidelines regarding trading window closure ahead of quarterly financial results. The board of directors approved and disseminated the unaudited results for the quarter ended June 30, 2026, on August 13, 2026. This is a standard procedural step following the completion of the earnings declaration cycle.
- Request sent to BSE to unfreeze promoter and promoter group demat accounts
- Trading window freeze was applied in compliance with SEBI guidelines
- Board of Directors approved Q1 financial results on August 13, 2026
- Financial results for the quarter ended June 30, 2026, were published in newspapers and company back-office portal
Inani Securities reported a weak set of numbers for Q1 FY27, with Net Profit declining 50.8% YoY to Rs 1.57 Lakhs from Rs 3.19 Lakhs in the previous year's quarter. While core revenue from operations grew 8% YoY to Rs 28.13 Lakhs, total revenue fell slightly to Rs 46.08 Lakhs due to a drop in other income. The company continues to operate at a very small scale with a TTM revenue of only Rs 1 Cr and a market cap of Rs 12 Cr. Profitability remains marginal with an EPS of just Rs 0.03 for the quarter.
- Revenue from operations increased 8% YoY to Rs 28.13 Lakhs from Rs 26.05 Lakhs.
- Net Profit fell 50.8% YoY to Rs 1.57 Lakhs, down from Rs 3.19 Lakhs in June 2025.
- Other Income contributed Rs 17.95 Lakhs, representing nearly 39% of total revenue.
- Total expenses remained relatively flat at Rs 43.96 Lakhs compared to Rs 44.29 Lakhs YoY.
- Earnings Per Share (EPS) stood at Rs 0.03 for the quarter versus Rs 0.07 in the year-ago period.
Inani Securities reported a total revenue of Rs 46.08 Lakhs for the quarter ended June 30, 2026, a 5.2% decline from Rs 48.60 Lakhs in the same period last year. Net profit fell sharply by 50.8% YoY to Rs 1.57 Lakhs, down from Rs 3.19 Lakhs, largely impacted by higher tax provisions. While revenue from operations grew 8% YoY to Rs 28.13 Lakhs, the company remains heavily dependent on 'Other Income', which contributed nearly 39% of total revenue. The company's scale remains extremely small with a market capitalization of just Rs 12 Cr.
- Net Profit decreased by 50.8% YoY to Rs 1.57 Lakhs from Rs 3.19 Lakhs
- Revenue from operations grew 8% YoY to Rs 28.13 Lakhs from Rs 26.05 Lakhs
- Total expenses reduced by 12% YoY to Rs 38.96 Lakhs from Rs 44.29 Lakhs
- Earnings Per Share (EPS) declined to Rs 0.03 from Rs 0.07 in the year-ago quarter
- Other Income stood at Rs 17.95 Lakhs, representing 38.9% of total revenue
Inani Securities Ltd has scheduled a board meeting on August 13, 2026, to review and approve the unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of approximately ₹10 Cr and a TTM revenue of only ₹1 Cr. Recent performance shows stagnant quarterly revenues of around ₹0.3 Cr and negative operating margins of -17.6%. The trading window for insiders has been closed since July 2, 2026, in anticipation of these results.
- Board meeting scheduled for August 13, 2026, at 3:00 PM to approve Q1 results.
- Trading window closed from July 2, 2026, until 48 hours after the results are public.
- Company reports a very small TTM revenue base of ₹1 Cr.
- Operating profit margin remains negative at -17.6% as per latest TTM data.
- Market capitalization is highly concentrated at just ₹10 Cr.
Inani Securities Ltd has submitted a compliance filing under Regulation 57(4) of SEBI (LODR) 2015. The company confirmed that it has no non-convertible securities for which interest, dividend, or principal payments were due for the quarter ended June 30, 2026. This is a standard procedural disclosure required by the exchange to track debt-servicing obligations. The filing indicates the company does not currently carry listed debt instruments requiring immediate servicing.
- Confirmed zero payment obligations for interest, dividend, or principal on non-convertible securities
- Compliance filing pertains to the quarter ended June 30, 2026
- Submission made under Regulation 57(4) of SEBI (LODR) 2015
- Stock has experienced a 30.0% decline over the past 12 months
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