• Revenue growth trends: Year-on-year revenue grew approximately 22%, driven by a 15% increase in broking revenue and a 40% rise in distribution revenue, supported by a 52% growth in interest on MTF.
• Margin trading facility: MTF AUM reached ₹1,330 crore with a steady market share of around 1%, though the company had to divert ₹300 crore of internal funding after RBI circulars ended certain banking-channel credit facilities.
• Proprietary trading regulations: SEBI’s proprietary trading regulations have no operational impact on the firm, as it does not run a proprietary trading desk and strictly focuses on client servicing.
• Institutional broking strategy: Domestic institutional broking is being ramped up through expanded research and client onboarding, while new outreach to Asia-based international institutions is projected to deliver positive results in the second half of the fiscal year.