Story perspectives

HDFC Securities Reports 36% Profit Drop Amid Market Challenges

10/16/2025

Summary

Story summary

On October 15, 2025, HDFC Securities reported a 36% year-on-year decline in profit after tax.
Revenue fell to INR700 crore in Q2FY26 from INR912 crore the prior year.
The decline is attributed to SEBI's tightened rules on Futures & Options and reduced retail participation since 2020–2022.
Groww's anticipated IPO may struggle with investor sentiment amid these challenges.
Nevertheless, long-term growth remains due to rising digital adoption and financialization in India.

1 of 1

Story summary

On October 15, 2025, HDFC Securities reported a 36% year-on-year decline in profit after tax.
Revenue fell to INR700 crore in Q2FY26 from INR912 crore the prior year.
The decline is attributed to SEBI's tightened rules on Futures & Options and reduced retail participation since 2020–2022.
Groww's anticipated IPO may struggle with investor sentiment amid these challenges.
Nevertheless, long-term growth remains due to rising digital adoption and financialization in India.