Hybrid Financial Services Ltd
Hybrid Financial Services: Q2 FY27 Profit After Tax Rises to Rs. 116.36 Lakhs
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 02 Nov 2026, 12:57 PM IST · BSE ID: 243faf5c-8423-4706-b4e0-80dae01a4f42
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's profit increased in the recent quarter, and it secured key memberships to operate as a stockbroker on BSE.
🤖 AI Summary
- Hybrid Financial Services reported Profit after Tax of Rs. 116.36 Lakhs for Q2 FY27, ended September 30, 2026.
- Total Income for Q2 FY27 stood at Rs. 204.34 Lakhs, compared to Rs. 184.92 Lakhs in Q2 FY26.
- The company obtained BSE trading membership on September 1, 2026, and Self Clearing Membership on September 29, 2026.
- Maximus Securities Limited's merger with the company became effective April 1, 2024, as per NCLT order dated October 16, 2025.
- Applications for NSE membership transfers and NSDL Depository Participant Rights are currently under process.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit before Tax (Q2 FY27)
Rs. 116.36 Lakhs
7.40%
Total Income (Q2 FY27)
Rs. 204.34 Lakhs
10.50%
Profit before Tax (Half Year Ended 30.09.2026)
Rs. 174.58 Lakhs
-4.00%
Total Assets (As at 30.09.2026)
Rs. 5,974.42 Lakhs
🏢 How This Affects the Company
The acquisition of BSE trading and self-clearing memberships facilitates the commencement of stockbroking and allied businesses, aligning with the company's new principal business focus. This expands its operational capabilities within financial services.
Profit before Tax for Q2 FY27 increased to Rs. 116.36 Lakhs from Rs. 108.35 Lakhs in Q2 FY26, driven by higher total income. Total Assets increased to Rs. 5,974.42 Lakhs as of September 30, 2026, from Rs. 5,432.54 Lakhs as of March 31, 2026.
Securing BSE trading and self-clearing memberships allows the company to actively engage in stockbroking activities on the exchange. Pending approvals from NSE and NSDL are crucial for full-scale operations across multiple platforms.
The company notes unabsorbed depreciation and carry-forward losses, not recognizing deferred tax due to unclear visibility of future earnings, indicating a financial planning consideration. Outstanding regulatory approvals for NSE and NSDL memberships introduce a dependency for full operational rollout.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, with Q2 FY27 Profit after Tax at Rs. 116.36 Lakhs. The ongoing transition to stockbroking impacts future revenue streams.
🔍
Management Signal
Management is actively pursuing the transition to stockbroking, evidenced by securing BSE memberships and ongoing applications for NSE and NSDL, aligning with the approved merger and new business focus.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 results — monitor impact of new BSE memberships on revenue from operations.
Update on NSE and NSDL membership approvals — track progress on full operational rollout.
Status of remaining NCLT compliance — confirm resolution of all merger-related requirements.
MEDIUM RISK
Dependence on pending regulatory approvals for full operational scope and recurring negative Other Comprehensive Income are noted concerns.
💡 Investor Takeaway
Hybrid Financial Services reported Profit before Tax of Rs. 116.36 Lakhs for Q2 FY27, up from Rs. 108.35 Lakhs in Q2 FY26. Total income reached Rs. 204.34 Lakhs. The company also confirmed obtaining BSE trading and self-clearing memberships, with NSE and NSDL approvals pending.
⚖️ Strengths & Concerns
✅ Positives
- Profit before Tax for Q2 FY27 increased to Rs. 116.36 Lakhs from Rs. 108.35 Lakhs in Q2 FY26, demonstrating improved quarterly profitability.
- Total assets grew to Rs. 5,974.42 Lakhs as of September 30, 2026, from Rs. 5,432.54 Lakhs as of March 31, 2026, reflecting balance sheet expansion.
⚠️ Concerns
- Other Comprehensive Loss for Q2 FY27 was Rs. 350.32 Lakhs, a significant negative impact on total comprehensive income.
- The company has not recognized deferred tax due to unclear visibility of future earnings, despite having unabsorbed depreciation and carry-forward losses.
📅 Company Track Record
Hybrid Financial Services has consistently reported its financial results. In Q1 FY27, Net Profit before Tax decreased by 21.01% to Rs. 58.22 Lakhs YoY. The company's previous filing noted a Profit after Tax of Rs. 116.36 Lakhs for Q2 FY27 and securing BSE trading membership. The NCLT-approved merger of Maximus Securities Limited was effective April 1, 2024.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Hybrid Financial Services' Profit before Tax for Q2 FY27?
Hybrid Financial Services reported a Profit before Tax of Rs. 116.36 Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What was the Total Income for Hybrid Financial Services in Q2 FY27?
The Total Income for Hybrid Financial Services in Q2 FY27 was Rs. 204.34 Lakhs.
Has Hybrid Financial Services obtained any stock exchange memberships?
Yes, Hybrid Financial Services obtained BSE trading membership on September 1, 2026, and Self Clearing Membership from BSE Clearing Limited on September 29, 2026.
What is the status of the merger of Maximus Securities Limited with Hybrid Financial Services?
The merger of Maximus Securities Limited with Hybrid Financial Services was approved by NCLT with an order dated October 16, 2025, and became effective from April 1, 2024.
What are the Total Assets of Hybrid Financial Services as of September 30, 2026?
As of September 30, 2026, the Total Assets of Hybrid Financial Services stood at Rs. 5,974.42 Lakhs.
Questions based on this BSE filing only. For information purposes.