1. Trading in shares & securities - Q1 FY27 segment revenue jumped to ₹216.78 lakh from ₹55.35 lakh a year earlier, with segment assets at ₹1,768.22 lakh. This is now the largest revenue line, nearly double the loan book's ₹108.98 lakh, and at a 4x YoY growth rate it can carry the P&L on its own.
2. Loan book growth - Interest on loans revenue rose to ₹108.98 lakh in Q1 FY27 from ₹106.41 lakh in Q1 FY26, with loan segment assets of ₹3,399.66 lakh. The book is the company's stable earnings base, and steady expansion here funds the higher-risk trading segment without new debt - D/E stands at just 0.03.
3. Other income surge - Others segment revenue hit ₹52.42 lakh in Q1 FY27, nearly double the ₹26.68 lakh of Q1 FY26, and reached ₹464.73 lakh in Q3 FY26 versus ₹5.30 lakh a year earlier. This volatile but growing line has repeatedly swung quarterly totals, and at these levels it can double reported revenue in a single quarter.
4. Promoter-group consolidation - Shivoy Gupta raised his holding to 1.23% via a 17,748-share gift-deed transfer in June 2026, and a separate 120,450-share (8.37%) transfer was completed earlier. Concentrating promoter ownership ahead of any capital raise or asset monetisation reduces the risk of dilution disputes and signals insider conviction in the stock.