Hybrid Financial Services LimitedQ1 FY27 Results & Financial Update
Hybrid Financial Services Limited: Q1 FY27 standalone results and company financials – revenue ₹1.07 Cr, PAT ₹0.58 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Hybrid Financial Services Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Hybrid Financial Services reported total income of INR 1.5143 crore for the quarter ended 30th June 2026, alongside revenue from operations of INR 1.0716 crore.
Profit before tax (PBT) and profit after tax (PAT) both stood at INR 0.5822 crore, yielding a net profit margin of 54.33% and a basic and diluted EPS of INR 0.20 for the quarter.
Total expenses for Q1 FY27 were contained at INR 0.9321 crore, led by employee benefit expenses of INR 0.4747 crore and other expenditures of INR 0.3090 crore.
Operational revenue was heavily anchored by brokerage and commission income, which contributed INR 1.0028 crore to the top line.
Income from depository services added INR 0.0609 crore, while financial product marketing fees accounted for INR 0.0079 crore.
Revenue from other sources contributed INR 0.4427 crore, driven primarily by interest received of INR 0.3785 crore and dividend income of INR 0.0351 crore.
Provisions and write-offs stood at INR 0.0267 crore for the quarter, representing debit balances of depository clients outstanding for more than three years that were deemed non-recoverable.
01 · Business model
What does Hybrid Financial Services do?
Hybrid Financial Services Limited operates primarily in the financial services sector, focusing on stock broking and allied activities.
The company generates operational revenue through brokerage and commission fees, income from depository services, and financial product marketing fees.
Additional non-operating revenue streams include interest receipts, dividend income, and gains from asset sales.
Following the National Company Law Tribunal (NCLT) approval of the merger of subsidiary Maximus Securities Limited with the company, effective from 1st April 2024, the financial accounts reflect the consolidated operations of the merged entity.
02 · Historical context
What shaped the business before this quarter
The NCLT approved the merger of subsidiary company Maximus Securities Limited into Hybrid Financial Services, effective from 1st April 2024, with certified orders received in December 2025.
The Bombay High Court sanctioned a scheme of compromise under section 391 with bankers and debenture trustees in 2005 and 2010, under which all scheduled payments have been completed.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹1.07 Cr |
| Total income | ₹1.51 Cr |
| Profit before tax | ₹0.58 Cr |
| Profit after tax | ₹0.58 Cr |
| EPS | ₹0.20 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 54.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 54.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.44 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Delivered INR 1.0028 crore, forming the primary component of operational revenue.
Generated INR 0.0609 crore during the quarter.
Interest received contributed INR 0.3785 crore and dividend received added INR 0.0351 crore to other revenue streams.
What drove margins
Incurred INR 0.4747 crore during the quarter, representing the largest operational cost.
Stood at INR 0.3090 crore, including BSE and NSE annual listing fees as well as CDSL and NSDL annual custodial fees amounting to INR 7.79 lakhs.
Finance costs were low at INR 0.0019 crore, while depreciation and amortisation accounted for INR 0.0338 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates in a single reportable business segment, namely financial services, in accordance with Ind AS 108.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The company obtained a single registration certificate from SEBI on 17th June 2026 to carry out stock broking business and allied activities, while in the process of transferring exchange memberships and business licenses from the merged subsidiary.
07 · Reported developments
What changed operationally
Reported a positive net profit after tax of INR 0.5822 crore for Q1 FY27.
Secured a unified registration certificate from SEBI in June 2026 to streamline stock broking and allied operations.
08 · Pressure points & risks
What is not going smoothly
Recorded provisions and write-offs of INR 2.67 lakhs due to unrecoverable debit balances of depository clients outstanding for over three years.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Preference Dividend
The Board of Directors approved a dividend of 1% on preference shares for the financial year 2025-2026, absorbing INR 0.70 lakhs, subject to shareholder confirmation at the annual general meeting.
Reported update
Deferred Tax Status
Due to unabsorbed depreciation and carry-forward losses under the Income Tax Act, 1961, and the absence of clear visibility of future earnings, the company has not recognised deferred tax assets.
10 · Key Q&A
The quarter, answered directly
What does Hybrid Financial Services do?
Hybrid Financial Services Limited operates primarily in the financial services sector, focusing on stock broking and allied activities.
What is the clearest takeaway from Q1 FY27?
Hybrid Financial Services reported total income of INR 1.5143 crore for the quarter ended 30th June 2026, alongside revenue from operations of INR 1.0716 crore.
What drove revenue or demand?
Delivered INR 1.0028 crore, forming the primary component of operational revenue.
What mattered most for margins or profitability?
Incurred INR 0.4747 crore during the quarter, representing the largest operational cost.
What changed operationally beyond the headline numbers?
The company obtained a single registration certificate from SEBI on 17th June 2026 to carry out stock broking business and allied activities, while in the process of transferring exchange memberships and business licenses from the merged subsidiary.
What are the main pressure points disclosed for the quarter?
Recorded provisions and write-offs of INR 2.67 lakhs due to unrecoverable debit balances of depository clients outstanding for over three years.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Exchange Membership Transfers: Completion of regulatory requirements and transfer of stock exchange memberships and market intermediary licenses following the merger of Maximus Securities.
- 02
Asset Release from Legacy Schemes: Receipt of final discharge from bankers and debenture trustees for the release of assets following completed payments under past sanctioned schemes of compromise.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.