SHARDUL quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Shardul Securities Ltd reported sales of ₹-26 Cr, operating profit of ₹-31 Cr (OPM -) and net profit of ₹-33 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
SHARDUL quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
-33
-85
94
-39
-13
5
189
-26
Expenses
5
4
5
5
4
81
4
5
Operating Profit
-38
-89
89
-44
-17
-76
185
-31
OPM
-
-
95%
-
-
-1,663%
98%
-
Other Income
0
0
0
0
0
0
0
0
Interest
0
1
1
4
5
5
8
10
Depreciation
0
0
0
0
0
0
0
0
Profit before tax
-38
-89
88
-48
-22
-82
177
-41
Tax
5%
-22%
20%
-20%
-21%
-22%
19%
-19%
Net Profit
-40
-70
70
-38
-17
-64
143
-33
EPS in Rs
-4.56
-7.97
8.04
-4.4
-1.97
-7.29
16.31
-3.75
SHARDUL profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
15
13
173
63
16
154
Expenses
3
10
10
16
63
94
Operating Profit
13
3
163
47
-47
61
OPM
84%
25%
94%
75%
-297%
39%
Other Income
0
0
1
0
0
0
Interest
0
0
1
2
16
28
Depreciation
0
0
0
0
1
1
Profit before tax
12
3
163
45
-64
33
Tax
23%
23%
40%
26%
-23%
-
Net Profit
10
2
98
33
-49
29
EPS in Rs
1.1
0.25
11.18
3.77
-5.62
3.3
Dividend Payout
0%
0%
0%
0%
0%
-
SHARDUL balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
18
18
18
18
18
Reserves
654
686
718
640
750
Borrowings
10
23
185
274
454
Other Liabilities
16
11
17
3
15
Total Liabilities
697
738
938
934
1,237
Fixed Assets
16
16
16
17
17
CWIP
0
0
0
2
5
Investments
649
682
858
845
989
Other Assets
32
41
63
70
226
Total Assets
697
738
938
934
1,237
SHARDUL cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
8
-18
21
-40
-23
Cash from Investing Activity
-22
18
-24
17
-209
Cash from Financing Activity
0
0
10
12
236
Net Cash Flow
-14
-1
7
-11
4
Free Cash Flow
8
-18
22
-40
-26
CFO/OP
72%
-514%
50%
-43%
35%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit