ALFA Finder
| P/E TTM | 10.42Sector: 21.16 |
|---|---|
| Market Cap | ₹236.7 CrBanking & Finance |
| Price to Book | 0.23Adjusted Value |
| Promoter Holding | 75%Quarterly Change: 0% |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 24.9 | 1.2 | 1.2 |
| Other Income | 0.0 | 0.0 | 0.0 |
| Total Income | 24.9 | 1.2 | 1.2 |
| Profit Before Tax | 24.7 | 1.0 | 1.0 |
| Net Profit | 19.1 | 0.7 | 0.8 |
| Operating Margin | 99.2% | 83.3% | 83.3% |
| Net Profit QoQ | +2,628.6% | ||
| Net Profit YoY | +2,287.5% | ||
Key highlights
- Net profit grew by 2,287.5% year-on-year to reach ₹19.1 crore in Q2-27
- Revenue from operations jumped to ₹24.9 crore from ₹1.2 crore in the same period last year
- Operating margins expanded to 99.2% during the quarter ended September 2026
- Dividend income contributed ₹22.06 crore to the total revenue for the current quarter
- Company announced leadership transition with Satish Kumar Sharma moving to the CEO role
Dividend Income Drives Massive Revenue Growth
Quest Capital Markets Limited reported a substantial surge in its financial performance for the quarter ended September 30, 2026. Revenue from operations climbed to ₹24.9 crore, representing a significant jump from ₹1.2 crore reported in both the preceding quarter and the corresponding period last year. This increase was primarily driven by a sharp rise in dividend income, which totaled ₹22.06 crore for the quarter.
The company, which operates within the banking and finance sector as an investment-focused NBFC, saw its total income track closely with its core operations as other income remained at zero for the period.
Profitability and Operational Efficiency
- Net profit surged by 2,628.6% on a sequential basis, rising from ₹0.7 crore in Q1-27 to ₹19.1 crore.
- Profit Before Tax (PBT) reached ₹24.7 crore for the quarter, compared to ₹1.0 crore in the year-ago period.
- The company maintained an operating margin of 99.2%, up from 83.3% recorded in Q2-26.
- Total comprehensive income for the half-year ended September 2026 stood at ₹205.7 crore, largely influenced by valuation changes in investments.
- Earnings per equity share (Basic and Diluted) rose to ₹19.86 for the quarter, compared to ₹0.76 in the previous quarter.
Board Approves Leadership Redesignation and New Appointments
Alongside the financial results, the board approved a significant transition in senior management. Mr. Satish Kumar Sharma, currently serving as the Chief Financial Officer, has been redesignated as the Chief Executive Officer (CEO) effective December 1, 2026.
Mr. Sharma brings over 20 years of experience in financial management and corporate operations. Concurrently, Ms.
Gargi Mukherjee has been appointed as the new Chief Financial Officer. Ms. Mukherjee is a professional with more than 11 years of experience in finance, taxation, and secretarial matters, and will also assume her role at the start of December.
Historical Performance and Market Context
- The stock is trading at a P/E TTM of 10.42, which is significantly lower than the industry average P/E of 37.46.
- Quest Capital Markets has a Price to Book Value of 0.23, indicating the stock is trading below its book value.
- The 1-year price performance shows a decline of 28.87%, despite the recent quarterly profit surge.
- Promoter holding remains stable at 75%, with FII institutional holding at 5.48% as of the latest filing.
- The current market capitalization stands at ₹236.7 crore, mirroring its recent trading price levels.
Management on CFO Resignation
I hereby tender my resignation from the position of Chief Financial Officer of the Company with effect from 30th November, 2026, pursuant to my appointment as Chief Executive Officer of the Company.
| Date | Announcement | Amount |
|---|---|---|
| 11 Aug 2026 | Q1 FY27 Standalone Net ProfitSource: zerodha.com | ₹0.73 Cr |
| 29 May 2026 | Q4 FY26 Standalone Net ProfitSource: hdfcsec.com | ₹0.53 Cr |
| 11 Feb 2026 | Q3 FY26 Standalone Net ProfitSource: BSE filing | ₹20.70 Cr |
| 11 Nov 2025 | Q2 FY26 Standalone Net ProfitSource: BSE filing | ₹0.76 Cr |
| 12 Aug 2025 | Q1 FY26 Standalone Net ProfitSource: lemonn.co.in | ₹1.54 Cr |
| 15 May 2025 | Q4 FY25 Standalone Net ProfitSource: hdfcsec.com | ₹17.09 Cr |
What to watch next
- Effective date for new CEO and CFO transitions on December 1, 2026
- Announcement of Q3 FY27 financial results, expected in February 2027
- Impact of fair valuation changes on investment portfolio in the upcoming quarter
- Publication of quarterly result extracts in newspapers as per SEBI regulations
“Mr. Satish Kumar Sharma, currently serving as the Chief Financial Officer of the Company, has been realigned to the position of Chief Executive Officer of the Company with effect from 01st December, 2026.”
| Share price | ₹236.7 |
|---|---|
| Market capitalisation | ₹236.70 Cr |
| Revenue (annual) | ₹31.35 Cr |
| Net profit (annual) | ₹23.53 Cr |
| Revenue (latest quarter) | ₹1.15 Cr+16.81% vs previous quarter |
| Net profit (latest quarter) | ₹0.73 Cr+36.81% vs previous quarter |
| P/E (TTM) | 10.42×Sector 21.16× |
| Promoter holding | 75%0.00% QoQ |
| FII holding | 5.48%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Official exchange filing by Quest Capital Markets Limited announcing its unaudited financial results for the quarter ended September 30, 2026. Market figures from a third-party data provider.
