Mumbai, July 17 -- Profit before tax tanked 58.56% year on year to Rs 164.44 crore in the quarter ended 30 June 2025.

Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q1 FY26 stood at Rs 194.40 crore (down 53.64% YoY). EBDAT margin slipped to 21.8% in Q1 FY26 as against 37.7% posted in Q1 FY25.

In Q1 FY26, client base jumped 31.35% to 32.47 million, compared with 24.72 million Q1 FY25.

The company's gross client acquisition fell 41.5% to 0.55 million in June 2025 as against 0.94 million in June 2024.

The company's broking client funding book hits record high of Rs 48,000 crore as of June 2025.

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