Hybrid Financial Services Reports Q3 FY26 Unaudited Amalgamated Results
Hybrid Financial Services reported unaudited amalgamated results for Q3 FY26. Total income for the quarter was ₹123.47 Lakhs, with profit before tax at ₹43.68 Lakhs. Nine-month income stood at ₹458.96 Lakhs, and profit before tax was ₹225.74 Lakhs. The results reflect the merger of Maximus Securities Limited, effective April 1, 2024, approved by NCLT on October 16, 2025.
The announcement of financial results is material for investors. The ongoing merger and pending regulatory approvals for the stockbroking license could have a medium-term impact on the company's operations and financial performance.
The financial results show mixed performance compared to previous periods, and the company is in a transitional phase post-merger, awaiting regulatory approvals. While there are no significant negative indicators, the results do not present a strong positive outlook.
Hybrid Financial Services Limited (formerly Mafatlal Finance Company Limited) announced its unaudited amalgamated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at a meeting held on February 10, 2026. The company is now reporting amalgamated accounts following the National Company Law Tribunal's (NCLT) approval of the merger of its wholly-owned subsidiary, Maximus Securities Limited, on October 16, 2025. The merger is effective from April 1, 2024, with the certified true copy of the NCLT order received on December 8, 2025. The company is in the process of completing other regulatory requirements, including membership transfer at stock exchanges. The board meeting commenced at 11:00 a.m. and concluded at 12:55 p.m.
For the quarter ended December 31, 2025, the total income was ₹123.47 Lakhs, with profit before tax at ₹43.68 Lakhs and total comprehensive income at ₹199.25 Lakhs. For the nine months ended December 31, 2025, total income was ₹458.96 Lakhs, profit before tax was ₹225.74 Lakhs, and total comprehensive income was ₹643.96 Lakhs. The company's principal business is stock broking and allied activities, and it is awaiting SEBI approval for the transfer of the stockbroking license to its name.
The company has not recognized deferred tax due to the absence of clear visibility of future earnings, in compliance with Ind AS 12. Other expenditures include annual listing and custodial fees. The exceptional item of ₹19.14 Lakhs for the quarter and nine months ended December 31, 2024, represented a payment against a court decree. Contingency provisions have been created, and the adequacy is periodically reviewed. The company has completed payments as per a sanctioned scheme of compromise with bankers and debenture holders from 2005 and 2010, but awaits final discharge.
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Hybrid Financial Services Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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