TECHLABS
Aditya Birla Sun Life Mutual Fund financials
- Market cap
- ₹225 Cr
- Sector
- Information Technology
- Calls analysed
- 3
Trident Techlabs Q4 FY26
What went well
- Standalone revenue grew 26.8% to 97.08 crore for FY26.
- Consolidated revenue grew 27% to 97.24 crore for FY26.
- Standalone PAT increased above 9% to 12.56 crore.
What to watch
- Consolidated PAT fell 47% to 6.07 crore, attributed to upfront investments in semiconductor subsidiary and UAE international buildup.
- Standalone EBITDA margin dipped from 25% to 21% due to dollar fluctuation and increased manpower costs.
Guidance record · Q4 FY26
what the last two calls moved 10 tracked 1 delivered 4 missed 5 open- Revenue Execution / Spillover delivered said Q4 FY25 Promised: Whatever the spillover, last year we have done this is not going to happen this year. Q4 FY26: Full year FY26 revenue grew 27% to 97.24 crore, confirming the lack of major spillover issues that plagued the previous year.
- M&A Execution missed said Q4 FY25 Promised: We are on a very final stage, the better company for acquisition... We will come back to you shortly. Q4 FY26: Acquisition was abandoned. Due diligence revealed the target's projections were not in line with results, showing declining EBIT and revenue. The company has pivoted to building its own team.
- Headcount Growth on track said Q4 FY25 Promised: We expect to see this growth in a range of 30 to 40% [in upcoming years]. Q4 FY26: Management confirmed they have increased manpower for building up new verticals, but did not provide specific numbers. The target remains for 'upcoming years'.
All 10 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue down 47.5%, net profit down 142.6% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 8 | 64 | 21 | 56 | 64 +658% | 34 −47% |
| EBITDA | -2 | 17 | 6 | 13 | 17 +1208% | -4 −122% |
| Net profit | -3 | 12 | 3 | 8 | 11 +468% | -5 −143% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −78.3% 1Y
1Y: ₹601.2 on 10 Sept 2025 → ₹130.25. High ₹601.2 (10 Sept 2025), low ₹107.1 (1 Jul 2026).
How the price took the results
close before → close after
- Q4 FY26
- −5.0%
- 12 Jun
- Q2 FY26
- −0.7%
- 10 Dec
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | — | ₹17 Cr | ₹17 Cr | ₹17 Cr |
| Reserves | ₹10 Cr | ₹11 Cr | — | ₹29 Cr | ₹50 Cr | ₹45 Cr |
| Borrowings | ₹30 Cr | ₹30 Cr | — | ₹19 Cr | ₹18 Cr | ₹22 Cr |
| Other liabilities | ₹15 Cr | ₹12 Cr | — | ₹33 Cr | ₹18 Cr | ₹15 Cr |
| Total liabilities | ₹59 Cr | ₹55 Cr | — | ₹99 Cr | ₹103 Cr | ₹100 Cr |
| Fixed assets | ₹3 Cr | ₹2 Cr | — | ₹2 Cr | ₹4 Cr | ₹3 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | — | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | — | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹56 Cr | ₹53 Cr | — | ₹97 Cr | ₹99 Cr | ₹97 Cr |
| Total assets | ₹59 Cr | ₹55 Cr | — | ₹99 Cr | ₹103 Cr | ₹100 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +2.50 pp while DIIs trimmed −2.34 pp. The shareholder count grew 16% to 5,140.
- Promoters
- 68.0%
- Public
- 32.0%
Since Mar 2025
- Public +2.50 pp
- DIIs −2.34 pp
- FIIs −0.18 pp
How it drifted, 6 quarters
Over this window the public went from 18.0% to 32.0% — +14.0 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 68.0%, FIIs 1.7%, DIIs 12.4%, Public 18.0%.Mar '24: Promoters 68.0%, FIIs 0.3%, DIIs 7.0%, Public 24.6%.Sep '24: Promoters 68.0%, FIIs 0.2%, DIIs 5.6%, Public 26.3%.Mar '25: Promoters 68.0%, FIIs 0.2%, DIIs 2.3%, Public 29.5%.Sep '25: Promoters 68.0%, Public 32.0%.Mar '26: Promoters 68.0%, Public 32.0%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Saurabh Tripathi +0.84 pp 1.91% held
- Amit R Agarwal +0.45 pp 1.60% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Aditya Birla Sun Life Mutual Fund above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Sukesh Chandra Naithani | 27.23% | unchanged |
| Praveen Kapoor | 25.88% | unchanged |
| Sant Ram Kapoor | 8.08% | unchanged |
| Vallari Naithani | 6.77% | unchanged |
| Saurabh Tripathi | 1.91% | +0.84 pp |
| Amit R Agarwal | 1.60% | +0.45 pp |
| Giriraj Stock Broking Private Limited | 1.02% | −0.74 pp |
| Sonika Kapoor | 0.03% | unchanged |
| Sarad Chandra Naithani | 0.01% | unchanged |
| Ankush Kedia | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Aditya Birla Sun Life Mutual Fund
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