Incorporated in 1982, Prime SecuritiesLtd is in the business of providing financial services including Non-Banking Finance Services, Insurance, and Capital Markets
Prime Securities saw consolidated revenues hit 33.68 Cr & PBT turn profitable at 6.39 Cr, driven by solid Investment Banking. Its Trigen Wealth arm rapidly expanded AUM to 5,000 Cr but contributed 10.82 Cr loss due to high expenses & deferred revenue. Break-even expected in 5-6 quarters.
Prime Securities' board approved Q1 FY27 consolidated results: Revenues ₹33.68 Cr, PBT ₹6.39 Cr, and PAT ₹2.36 Cr. Key driver is Trigen Wealth's expansion, with AUM/AUA now over ₹5,000 Cr, expected to breakeven in 5-6 quarters. Investment banking revenues remain solid.