Mumbai, July 27 -- Profit before tax in Q1 FY27 stood at Rs 46.58 crore, up 21.43% from Rs 38.36 crore in Q1 FY26.

On the segmental front, broking, distribution, and trading revenue stood at Rs 316.30 crore, up 15.04% YoY; insurance broking services revenue rose 44.37% YoY to Rs 167.27 crore; while financing activities revenue declined 8.58% YoY to Rs 46.46 crore during the period under review.

Total expenses rose 21.11% to Rs 469.02 crore in Q1 FY27 compared with the same period last year, mainly due to higher fees and commission expenses (up 31.41% YoY) and employee benefit expenses (up 16.54% YoY), partially offset by a 0.61% decline in finance costs.

The board approved raising funds through a public issue of secured, rated, listed,...