Broking firms see profit slide as Sebi curbs hit trading volumes
Published on: Nov. 14, 2025, 6:11 a.m. | Source: The Economic Times
Broking firms experienced a profit and revenue decline in the September quarter due to reduced market volumes and Sebi's new regulations. Stricter margin norms and the 'true-to-label' circular impacted earnings, while intense competition and technology spending increased costs. Analysts suggest the sector remains under pressure, with future performance dependent on non-broking revenue streams and regulatory stability.
