IIFL Capital Services Limited (NSE: IIFLCAPS) has reported its financial results for the quarter and half year ended September 30, 2026. The company, formerly known as IIFL Securities Limited, has shown significant growth in several key metrics. The net worth increased by 5% quarter-over-quarter to ₹34.6 billion. The Asset Under Management & Custody rose by 3% q-o-q to ₹2,642 billion. The operating revenue grew by 14% to ₹7,219 million. The operating PBT surged by 38% q-o-q to ₹2,059 million. These results highlight the company’s robust performance and strong capital base supporting its diversified financial services businesses.

Financial Performance

The financial performance of IIFL Capital Services Limited has been impressive. The net worth of ₹34.6 billion is a testament to the company’s strong capital base. The Asset Under Management & Custody, at ₹2,642 billion, reflects the company’s ability to manage and grow client assets effectively. The operating revenue of ₹7,219 million and the operating PBT of ₹2,059 million underscore the company’s operational efficiency and profitability.

Market Position

IIFL Capital Services Limited continues to maintain a strong market position in the financial services sector. With a wide distribution network comprising 2,600+ partners and 90+ branches across India, the company has a significant presence in both domestic and international markets. The company’s market-leading research capability, with a team of 48 research professionals covering 328+ stocks across 20+ sectors, supports its institutional and wealth clients. The company’s agile technology platform ensures seamless client experience and operational efficiency.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of IIFL Capital Services Limited

IIFL Capital Services Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

IIFL holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.65 signals undervaluation relative to growth. It is a potential re-rating candidate. Premium net margins of 24.5% demonstrate strong cost discipline and a wide competitive moat. The stock holds at 63% of its 52-week range with RSI at 59. In other words, neither side has a clear edge right now. Both the business and the stock move in the right direction. Revenue grows at 19.9%, profits at 30.9%, and the PEG sits at 0.65 — below its growth rate. That combination is rare. Check Fundamentals of IIFL Capital Services Limited.

Choice International Limited (CHOICEIN), a diversified financial services group, is pleased to announce the successful closing of the strategic investment by NH Investment & Securities Co., Ltd. (“NHIS”), a leading South Korean financial institution, in Choice Equity Broking Private Limited (“CEBPL”), its broking subsidiary. CEBPL has received today the full subscription consideration of ₹8,99,99,95,500 (approximately ₹900 crore) and allotted 42,25,350 fully paid-up Compulsorily Convertible Preference Shares (“CCPS”) to NHIS at ₹2,130 per share, pursuant to the Subscription Agreement dated July 9, 2026. The closing marks the culmination of the transaction announced in July 2026 and establishes a strategic partnership between the two financial services institutions.

Strategic Partnership

The proceeds will be deployed towards strengthening CEBPL’s growth capabilities, including expansion of its Margin Trading Facility (“MTF”) business, technology infrastructure, customer acquisition, talent development, and product innovation. Beyond the capital infusion, the partnership provides an opportunity to combine Choice’s understanding of the Indian market and domestic distribution network with NHIS’s international institutional expertise. Collaboration across institutional broking, research, capital markets, risk management, governance, and operational practices is expected to support CEBPL’s long-term competitiveness and business development.

Management Commentary

Mr. Arun Poddar, CEO & Executive Director, Choice International Limited, said: The closing of this investment marks an important milestone in Choice’s journey to build an enduring financial services institution. Beyond strengthening our broking business and technology capabilities, it supports our larger mission of making financial services more accessible and empowering more Indians to participate in the country’s growth. Aligned with Prime Minister Shri Narendra Modi’s vision of Viksit Bharat 2047, we believe financial inclusion and awareness are essential to ensuring that economic progress translates into wider prosperity. By combining technology with our on-ground distribution network, we aim to reach underserved communities, build financial confidence, and enable long-term wealth creation.

As we expand, we remain focused on building a sustainable, institutionally stronger business that creates lasting value for our customers, shareholders, and the nation.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Choice International Limited

Choice International Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

Choice falls 8.4% over three months and has not found a floor yet. Premium net margins of 20.2% demonstrate strong cost discipline and a wide competitive moat. Revenue grows at 42.3% and profits at 53.6% CAGR. Both numbers are exceptional. The stock gains 2.0% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 42.3% and profits at 53.6% CAGR, with D/E of 0.61. Meanwhile, the stock dips 8.4% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Choice International Limited.

Geojit Financial Services Limited (GEOJITFSL) announced its financial results for the quarter ended 30th September 2026 (Q2 FY27) and the first half of FY27 following the meeting of its Board of Directors. Despite market volatility and corrections, the company saw healthy gross inflows and growth in fee-earning AUM. Revenue from operations stood at ₹326.23 crores for H1 FY27, registering a 6.72% YoY growth. However, Profit After Tax (PAT) stood at ₹36.11 crores for H1 FY27, down from ₹52.14 crores in H1 FY26.

Key Financial Highlights

For Q2 FY27, revenue from operations was ₹165.83 crores, registering a 2.57% YoY growth. Profit Before Tax (PBT) stood at ₹20.62 crores, compared with ₹30.31 crores in Q2 FY26. PAT for the quarter was ₹16.28 crores, compared with ₹23.47 crores in Q2 FY26. Despite these figures, the company’s customer assets stood at ₹1.12 lakh crores as of September 30, 2026.

Operational Performance

The company’s asset management business saw a strong growth in Asset Management Annual Recurring Revenue (ARR) net flows, which increased by 353% YoY to ₹322 crores in Q2 FY27, compared to ₹71 crores in Q2 FY26. The client base increased to 17.25 lakh, with 31,481 new clients added during Q2 FY27. The company continued to invest in technology, digital platforms, customer engagement, and field-force expansion to strengthen customer acquisition and improve productivity.

Jones George, Managing Director of Geojit Financial Services Limited, commented on the overall performance, stating, “The second quarter of FY27 remained challenging for the Indian capital markets amid market corrections and volatility. Despite these headwinds, Geojit Financial Services demonstrated resilience, supported by healthy net-inflows and sustained customer engagement.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Geojit Financial Services Limited

Geojit Financial Services Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

Geojit holds in the upper half of its 52-week range, a sign the market backs the stock. Revenue contracts at 14.1% CAGR. That signals structural headwinds, not a short-term blip. The stock gains 0.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 14.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Geojit Financial Services Limited.