MSE Financial Services posted its FY24 results
Written by: Diksha Kalra
Published: Sep 16, 2026
Updated: Sep 16, 2026
2 min read
- Financial developments: MSE Financial Services Limited (MSEFSL) reported a total revenue of ₹11 Cr. for FY24, marking an 17.8% increase compared to ₹9 Cr. in FY23. The growth was driven by robust performance in broking services and increased digital marketing investments. Consolidated profit after tax (PAT), inclusive of profits from the associate company, stood at ₹1Cr., more than doubling from ₹47 lakhs in the previous year. Total expenditure rose to ₹10 Cr. from ₹8 Cr. in FY23, reflecting higher fee commissions and operational costs. Notably, employee benefits decreased by 13.8% to ₹1.5 crores, indicating improved cost management.
- Operational Developments: The company invested heavily in digital marketing to attract untapped retail investors. Also it has made significant proposal for restructuring involves demerging the Stock Broking and Depository Participant divisions and merging them with Daily Gong Financial Services Ltd. (DGFSL). The scheme is under review and awaiting approval from regulatory authorities, including SEBI and NCLT.
- Future Prospects: MSEFSL aims to expand its financial product offerings and focus on high-margin segments like mutual fund distribution and portfolio advisory. Company is shifting focus to leverage economies of scale and consolidate its business with group companies for operational efficiency.
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