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Hybrid Financial Services Q3 PAT at ₹43.68 Lakhs; NCLT Approves Maximus Securities Merger
Hybrid Financial Services reported a Net Profit of ₹43.68 Lakhs for the quarter ended December 31, 2025, representing a sequential decline from ₹108.54 Lakhs in Q2. Total income for the quarter stood at ₹123.47 Lakhs, down from ₹184.92 Lakhs in the previous quarter. These results are the first to be presented on an amalgamated basis following the NCLT-approved merger of its subsidiary, Maximus Securities Limited. Despite lower operational profits, Total Comprehensive Income improved to ₹199.25 Lakhs due to gains on non-current investments.
Key Highlights
Net Profit for Q3 FY26 reached ₹43.68 Lakhs, a decrease from ₹108.54 Lakhs in the previous quarter.
Revenue from operations declined to ₹123.22 Lakhs from ₹151.93 Lakhs in Q2 FY26.
Total Comprehensive Income turned positive at ₹199.25 Lakhs, aided by ₹155.57 Lakhs in investment remeasurement gains.
NCLT approved the merger of Maximus Securities Limited with the company effective from April 1, 2024.
Basic EPS for the quarter stood at ₹0.15, down from ₹0.37 in the preceding quarter.
💼 Action for Investors
Investors should track the progress of the stock broking license transfer from the merged subsidiary to the parent entity. While the merger simplifies the corporate structure, the sequential dip in operational revenue requires monitoring.
Hybrid Financial Services Receives NCLT Approval for Merger with Maximus Securities
Hybrid Financial Services Limited has received the final certified NCLT order for the merger of its wholly-owned subsidiary, Maximus Securities Limited, into itself. The merger is effective from the appointed date of April 1, 2024, and aims to consolidate the stock-broking business with the parent's financial services operations. Since the transferor is a 100% subsidiary, no new shares will be issued, and the subsidiary's share capital of Rs. 10 crore will be cancelled. This move is expected to simplify the group structure, reduce administrative costs, and eliminate multi-layered regulatory compliances.
Key Highlights
NCLT Mumbai Bench approved the merger of Maximus Securities with Hybrid Financial Services effective from April 1, 2024.
Maximus Securities, a stock-broking entity with Rs. 10 crore share capital, will be dissolved without winding up.
No new equity shares will be issued as the merger involves a wholly-owned subsidiary; existing subsidiary shares will be cancelled.
The consolidation aims to achieve economies of scale and reduce duplication of managerial and operational efforts.
Post-merger, the company is prohibited from changing its name to 'Maximus Securities Limited' for a period of two years.
💼 Action for Investors
Investors should view this as a positive corporate restructuring that streamlines operations and reduces overhead costs. Monitor the integrated entity's performance for improved margins resulting from operational synergies.