MTMaster Trust511768Quarterly results

Q2 FY27: Total income up 21.13% YoY, PAT up 21.94%; EBITDA margin at 43.19%

Q2 FY27 consolidated: Total Income ₹1,536.78 Mn, up 21.13% YoY; EBITDA ₹663.66 Mn, margin 43.19%; PAT ₹382.97 Mn, up 21.94% YoY; EPS ₹3.1 vs ₹2.7.

By ScoutQuest · Thu 5 Nov 2026, 4:33 PM IST · 2 min read

Total Income (Q2 FY27, consolidated)

₹1,536.78 Mn, up 21.13% YoY

PAT (Q2 FY27, consolidated)

₹382.97 Mn, up 21.94% YoY

EBITDA / EPS

EBITDA ₹663.66 Mn, margin 43.19%; EPS ₹3.1 vs ₹2.7

Quarterly performance

• Total Income of ₹1,536.78 Mn in Q2 FY27 against ₹1,268.66 Mn in Q2 FY26, a rise of 21.13% YoY
• EBITDA of ₹663.66 Mn against ₹579.91 Mn, up 14.44% YoY
• EBITDA margin at 43.19% against 45.71%, a decline of 252 Bps
• PAT of ₹382.97 Mn against ₹314.06 Mn, up 21.94% YoY
• PAT margin at 24.92% against 24.76%
• EPS of ₹3.1 against ₹2.7, up 14.81%

Where the revenue came from

• Principal Strategies contributed ₹652.06 Mn, or 42.43% of total revenue, with 35.19% YoY growth, driven by investment and trading activities
• Brokerage & Allied generated ₹351.45 Mn, or 22.87% of total revenue, up 11.63% YoY
• Interest Income and MTF & Allied together contributed 29.63% of total revenue at ₹455.31 Mn, with combined growth of 22.30% YoY and 13.52% QoQ
• Asset Management (PMS) contributed ₹19.28 Mn and Insurance Broking ₹4.84 Mn
• Wealth Management income rose to ₹17.35 Mn, a 74.72% QoQ increase

What management said

The Managing Director, Mr. Harjeet Singh Arora, said the company stayed focused on active and better-capitalised clients, strengthening per-client revenue potential and the MTF business amid evolving derivatives market conditions. On the road ahead, he pointed to digital platforms and the dealer network for client engagement, growing the margin trading book, and higher contributions from distribution and wealth management products.

Business scale

• Pan-India presence across 22 States and Union Territories
• 63 branches, 1,550+ business partners, over 4.40 lakh registered customers and 1,220 employees
• In FY26 (consolidated), Total Income was ₹5,758.44 Mn, EBITDA ₹2293.76 Mn and Net Profit ₹1,260.87 Mn

How to read this

The release shows double-digit growth in both total income and net profit, with a small dip in EBITDA margin. The largest single revenue block is Principal Strategies, which is investment and trading related, while brokerage, interest and margin funding make up much of the rest. The figures are for the unaudited results of the quarter and half year ended 30th September, 2026, as circulated by the company in its press release. The release also carries forward-looking statements, which it says are subject to risks and uncertainties that could cause actual results to differ.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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