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SECMARK - Secmark Consult.

📊 NSE: SECMARK 🏢 Computers - Software - Medium / Small 📅 Last Updated: 12/14/2025 12:58

📢 Recent Corporate Announcements

SecMark Consultancy Reports Q3 FY26 Net Loss of ₹1.88 Cr as Revenue Declines 22% QoQ

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 07:05 PM

SecMark Consultancy Limited reported a consolidated net loss of ₹1.88 crore for the quarter ended December 31, 2025, a sharp decline from a profit of ₹0.86 crore in the preceding quarter. Revenue from operations dropped to ₹7.25 crore, down from ₹9.33 crore in Q2 FY26. The loss was primarily driven by a 19% increase in total expenses, which reached ₹10.06 crore, despite the revenue contraction. For the nine months ended December 2025, the company recorded a consolidated loss of ₹1.92 crore compared to a profit of ₹31.92 lakhs in the prior year period.

Revenue from operations decreased by 22.3% QoQ to ₹7.25 crore from ₹9.33 crore.
The company swung to a net loss of ₹1.88 crore in Q3 FY26 from a profit of ₹0.86 crore in Q2 FY26.
Total expenses rose to ₹10.06 crore, driven by higher employee benefits and software support costs of ₹2.37 crore.
Consolidated 9M FY26 performance shows a loss of ₹1.92 crore versus a profit of ₹31.92 lakhs in 9M FY25.
Earnings Per Share (EPS) turned negative at ₹(1.81) for the quarter.

💡 Investors should be concerned about the simultaneous decline in revenue and surge in operating expenses. It is advisable to monitor the company's ability to stabilize its margins and justify the high spending on software support services before making new commitments.

SecMark Q3 FY26 Results: Revenue Declines to ₹7.25 Cr, Swings to Net Loss of ₹1.88 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 06:37 PM

SecMark Consultancy Limited reported a weak performance for Q3 FY26, with revenue from operations falling to ₹7.25 crore from ₹9.33 crore in the previous quarter. The company swung to a consolidated net loss of ₹1.88 crore, a sharp reversal from the ₹0.86 crore profit recorded in Q2 FY26. Total expenses rose significantly to ₹10.06 crore, primarily driven by increased employee benefits and software support service costs. For the nine-month period ended December 2025, the company has accumulated a net loss of ₹1.92 crore compared to a profit of ₹0.32 crore in the same period last year.

Revenue from operations decreased 22.3% QoQ to ₹724.88 Lakhs from ₹933.31 Lakhs.
Reported a net loss of ₹188.31 Lakhs for the quarter vs a profit of ₹85.91 Lakhs in the preceding quarter.
Total expenses surged to ₹1006.36 Lakhs, representing a 19.3% increase QoQ despite lower revenues.
Software support services and depreciation on software applications accounted for approximately ₹336.69 Lakhs in costs this quarter.
Nine-month consolidated performance shows a swing from a profit of ₹31.62 Lakhs in FY25 to a loss of ₹192.33 Lakhs in FY26.

💡 Investors should exercise caution as the company has entered a loss-making phase due to declining revenues and rising operational overheads. It is critical to monitor if the investments in software applications lead to future revenue growth to offset current high depreciation and support costs.

SecMark Consultancy Reports 100% Demat Shareholding for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jan 2026, 01:57 PM

SecMark Consultancy Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that the regulation is not applicable for the period. This is due to the fact that the entire shareholding of the company is already in dematerialized form. Furthermore, no requests for rematerialization were received from any members during the quarter ended December 31, 2025.

Compliance certificate submitted for the quarter and nine months ended December 31, 2025.
100% of the company's shares are held in dematerialized form.
Zero requests for rematerialization of shares were received during the quarter.
Bigshare Services Private Limited acted as the Registrar and Share Transfer Agent for this filing.

💡 No action is required from investors as this is a routine regulatory filing confirming standard administrative compliance. Investors should continue to monitor the company's upcoming quarterly financial results for performance insights.

SecMark Consultancy to Close Trading Window from Jan 1, 2026 for Q3 FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Dec 2025, 05:56 PM

SecMark Consultancy Limited has announced the closure of its trading window effective January 01, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the company's unaudited financial results for the quarter and nine months ending December 31, 2025. The restriction applies to all designated persons and their immediate relatives. The window will remain closed until 48 hours after the financial results are officially disseminated to the stock exchanges.

Trading window closure commences on January 01, 2026.
Closure is related to the Unaudited Financial Results for the period ending December 31, 2025.
Applies to all designated persons and their immediate relatives under SEBI regulations.
Trading window will reopen 48 hours after the results are declared to BSE and NSE.
The specific date for the Board Meeting to consider results will be announced separately.

💡 This is a routine regulatory announcement with no immediate impact on stock fundamentals. Investors should monitor for the upcoming announcement of the Board Meeting date to assess the Q3 performance.

SecMark to Acquire Trading Platform and Services for ₹28.01 Crores

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 30 Dec 2025, 03:11 PM

SecMark Consultancy has entered into a definitive agreement to purchase a trading web and mobile platform, including middleware, from Codifi entities for ₹8 Crores. To ensure the development and maintenance of this software, the company has also signed a three-year consultancy agreement worth ₹20 Crores with technical experts. The deal includes a 50% assignment of the trademark and a 5-year non-compete clause for the sellers and consultants. This strategic move allows SecMark to own proprietary trading technology and expand its service offerings.

Acquisition of trading web and mobile platforms and middleware for ₹8 Crores
Commitment of ₹20 Crores for a 3-year consultancy agreement for software enhancement and support
Assignment of 50% trademark rights and goodwill for a consideration of ₹1 Lakh
Strict 5-year non-compete clause applicable to both software transferors and consultants
Total strategic investment outlay of approximately ₹28.01 Crores plus taxes

💡 Investors should view this as a significant move into the fintech infrastructure space; however, the high consultancy cost relative to the software purchase price warrants monitoring of execution and integration risks.

View All SECMARK Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment, Software Consultancy and Technology Services, which generated INR 36.01 Cr in FY25, representing a growth of 42.38% compared to INR 25.28 Cr in FY24.

Profitability Margins

The company achieved a Net Profit Margin of 11.8% in FY25 (INR 4.25 Cr profit) compared to a net loss in FY24. However, H1 FY26 showed a net loss of INR 0.04 Cr, indicating a recent decline in profitability.

EBITDA Margin

EBITDA margin significantly improved to 28.9% in FY25 (INR 10.16 Cr) from 7.8% in FY24 (INR 1.93 Cr), driven by a 42% increase in topline revenue while controlling other expenses.

Capital Expenditure

Historical investment is reflected in depreciation on software applications, which amounted to INR 3.90 Cr in FY25 and INR 1.96 Cr in H1 FY26.

Credit Rating & Borrowing

The company repaid INR 6.56 Cr of borrowings in H1 FY26. Interest expenses for H1 FY26 were INR 0.07 Cr, down from INR 0.26 Cr in H1 FY25, reflecting reduced borrowing costs.

⚙️ Operational Drivers

Raw Materials

As a service-based consultancy, the primary 'raw material' is human capital. Employee costs represented 21.9% of total revenue in FY25, amounting to INR 7.88 Cr.

Capacity Expansion

Current capacity is defined by its workforce of 78 employees as of March 31, 2025. Specific physical capacity expansion is not applicable.

Raw Material Costs

Employee costs increased by 18.5% YoY to INR 7.88 Cr in FY25, up from INR 6.65 Cr in FY24, to support a 42% growth in revenue.

📈 Strategic Growth

Growth Strategy

The company plans to achieve growth by adding new clients, increasing revenue from existing clients, and introducing more products at opportune times within the financial market services space.

Products & Services

Software consultancy and technology services provided to stock exchanges, brokers, depository participants, portfolio managers, AIFs, investment advisors, and research analysts.

Brand Portfolio

SecMark.

New Products/Services

The company intends to add more products to its portfolio, though specific revenue contributions are not yet disclosed.

Market Share & Ranking

The company identifies as one of the leaders in offering services to financial market participants.

🌍 External Factors

Industry Trends

The industry is seeing a positive trend with an increasing number of financial market participants in India, driven by strong economic performance and a 7% GDP growth rate.

Competitive Moat

The company's moat is built on its specialized leadership and expertise in the highly regulated financial market services niche, which creates high switching costs for clients.

Macro Economic Sensitivity

Highly sensitive to India's GDP growth (currently ~7%) and financial market performance, as these drive the addition of new market participants and business growth for existing clients.

Geopolitical Risks

Global turbulence is cited as a factor that can percolate into the performance of local financial markets, affecting the company's service demand.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by data security and privacy standards, as the company processes sensitive financial and personal information for its clients.

Taxation Policy Impact

The company provided INR 1.38 Cr for deferred tax in FY25. Current tax was nil in FY25, likely due to the utilization of previous years' losses.

⚠️ Risk Analysis

Key Uncertainties

Data security breaches represent a key risk, with potential impacts including legal penalties and loss of intellectual property.

Technology Obsolescence Risk

The company faces risks related to unauthorized access or security compromises of its technology systems, which are critical for processing client data.