Prime Securities Q1 FY27 Consolidated Revenue at ₹33.68 Crore, PBT Turns Positive
Prime Securities reported Q1 FY27 consolidated revenue of ₹33.68 crore, up from Q4 FY26 but down year-on-year. Consolidated PBT turned positive at ₹6.39 crore. Trigen Wealth's AUM/AUA crossed ₹5,000 crore, with break-even expected in 5-6 quarters. The company aims to build annuity revenue streams.
The results show a positive shift in profitability compared to the previous quarter. The investment in Trigen Wealth and its future break-even potential, along with growth in AUM, are significant factors, but the year-on-year revenue decline and initial losses from the new vertical temper the immediate impact.
The company reported a positive turn in PBT and PAT compared to the previous quarter, indicating improved financial performance. While year-on-year revenue is down, the growth in AUM for the new wealth management vertical and the strategic focus on annuity income suggest positive future prospects.
Prime Securities Limited announced its unaudited consolidated financial results for the first quarter of FY27 (ended June 30, 2026). The company reported consolidated revenues of ₹3,368 lakhs (₹33.68 crore), an increase from ₹3,078 lakhs (₹30.78 crore) in Q4 FY26, but lower than ₹4,691 lakhs (₹46.91 crore) in Q1 FY26.
The consolidated Profit Before Tax (PBT), before exceptional items, turned positive at ₹639 lakhs (₹6.39 crore) in Q1 FY27, compared to a loss of ₹594 lakhs (₹5.94 crore) in Q4 FY26 and a PBT of ₹1,646 lakhs (₹16.46 crore) in Q1 FY26.
This quarter saw higher employee expenses of ₹938 lakhs (₹9.38 crore) compared to Q1 FY26, primarily due to the ramp-up in Prime Trigen Wealth. The consolidated numbers include Prime Trigen Wealth, which reported a PBT loss of ₹1,082 lakhs (₹10.82 crore) in Q1 FY27, versus a loss of ₹441 lakhs (₹4.41 crore) in Q1 FY26.
Consolidated Profit After Tax (PAT) stood at ₹236 lakhs (₹2.36 crore) in Q1 FY27, a significant improvement from a loss of ₹1,292 lakhs (₹12.92 crore) in Q4 FY26 and a PAT of ₹1,088 lakhs (₹10.88 crore) in Q1 FY26.
The establishment of the wealth management vertical, Trigen Wealth, is expected to incur fixed expenses of approximately ₹60 crore in FY27. Due to regulatory changes in trail income recognition, revenue recognition has been deferred by a year. As of June 30, 2026, the Assets Under Management (AUM) / Assets Under Acquisition (AUA) for Trigen Wealth crossed ₹5,000 crore, with income generation expected to commence from Q2/Q3 FY27. Trigen Wealth has onboarded over 1,400 clients and 750 families, operating from 14 locations with more than 105 employees. The management anticipates Trigen Wealth to break even in approximately five to six quarters.
Cash and investments as of June 30, 2026, were approximately ₹270 crore. The total headcount across the Group is 147.
The management remains optimistic about the company's prospects, highlighting a steady rise in both the number and size of deals within the investment banking business. Prime's growth strategy focuses on creating annuity revenue streams through franchise businesses like Trigen Wealth to mitigate the inherent lumpiness in the investment banking sector.
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