Financial Services firm Share India Securities Announced Q1FY23 Result : The Consolidated Revenue of the Company grew by more than 50% year on year to Rs 233.24 Crore against Rs 154.63 Crore in the corresponding quarter last year. The Company, along with its subsidiaries, continued to maintain its track record of consistency in performance through the different market and macroeconomic cycles due to its diversified business model. The consolidated profit after tax (after minority interest) swelled from Rs 34.18 Crore to Rs 59.17 Crore. The Company has built a credible track record in building scale and delivering high growth consistently. Share India Securities Limited is a key player in the Indian derivative market segment and is a pioneer when it comes to technology and has maintained its position because of constant innovation and R&D.; Share India continues to develop its product portfolio and will expand its customer base along with enhancing customer experience. Going forward the company will further hone customers’ access to algorithm-based trading. Backed by its network of 850 AP/Franchises company’s Average Daily Turnover (ADTO) grew from Rs 9400 Crore last year in the corresponding first quarter to a staggering Rs 13,800 Crore this quarter. Earning per share grew from Rs 10.71 to Rs 18.47 YoY. Commenting on the announcement of results, Mr. Kamlesh Shah, Managing Director, Share India Securities Limited, said, “This Our growth has been made possible because of our continuous intent and investment in technology and provides clients with unparalleled trading experience. Even though there has been some uncertainty in the market, our company has shown significant growth owing to our strong fundamentals and commitment to our customers. “ Mr. Sachin Gupta, CEO, and Whole Time Director, Share India said, “We will continueto innovate in multiple directions to sustain this growth trajectory. The impetus will be on introducing world-class internet-based technology platforms that allow us to take the pole position in the retail market.” Result PDF
Share India Securities announces Q3FY22 results: PAT grows to Rs 48.8 crore. 105% and 177% YoY growth rate in revenue and PAT respectively. The total revenue of the company grew to Rs 203.2 crore in Q3FY22 from Rs 99.2 crore in the corresponding quarter for FY21. Net Profit for the period Q3FY22 grew to Rs 48.8 crores as compared Rs 17.6 crore in Q3FY21. Commenting on the announcement of results and outstanding growth, Kamlesh Shah, Managing Director, Share India Securities Limited, said, “Our continued massive growth in revenue and PAT alike are solid testimony of the sound business model of the company. Indian broking industry has grown substantially in last 2 years and we have been in forefront of that growth. Broking industry as whole will consolidate from here-on and your company becomes a partner of choice owing to economies of scale. In today’s world, technology is no less than a backbone, and with the help of the right technology acquisitions and appropriated customization of our products, we are growing in leaps and bounds.” “A key objective for the company is maintain its return ratios. We are happy that we have delivered ever highest ROCE and ROE in Q3 FY22. We are confident of maintaining our ROE’s with efficient utilization of incremental capital. We will try to enrich the experience of our clients by implementing new products and technology, so as to move hand and hand with the evolving times of the stock market. We will leave no stone unturned to live up to the expectations and hopes pinned on Share India Securities Limited as a company by all its stakeholders.” Result PDF
Highlights Share India Securities continues its mammoth growth - reports PAT growth of 182% in H1 FY22 (YoY) The Consolidated Income of the Company grew 133% in H1 FY22(YoY) to 372.90 Crore. The consolidated profit after tax (after minority interest) grew 182% YoY to Rs 76.99 Crore. PAT margin of the Company stood at 20.65% as compared to 17.05% in H1FY21. During Q2 FY22, the Company announced acquisition of majority stake in Algowire Trading Technologies Pvt. Ltd. and Utrade Solutions Pvt. Ltd. for consideration of over Rs. 15 crore. The acquisition will enable Share India to strengthen its fintech capabilities and to build an ecosystem to democratize the power of Algo trading for retail players. Pursuant to strong results, the Board of Directors has declared second interim dividend of Rs. 1.25 per share. SISL is a key player in Indian derivative market segment with ~8% share of option premium turnover and 3% of future turnover in NSE. Share India is a pioneer when it comes to technology and has maintained its position because of constant innovation and R&D.; Share India continues to develop its product portfolio and will expand its customer base along with enhancing customer experience. Most of its platforms are machine learning enabled and based on in-house technology. Mr Kamlesh Vadial Shah Managing Director Said Our stellar performance and robust growth outlook continue to demonsirate our strategic focus and the strength on technology. We believe technology will continue to play an important role for retail participants in India. In backdrop of strong fundamentals, global investors penchant for high growth markets and comfortable global liquidity sustainable growth of the Indian stock markets and its participants would continue. In order to get maximum advantage from this growth wave, we have and are constantly expanding our product & technology base over the years. With the acquisition of two leading fin-tech startups and presence of massive growth opportunity in the market, we are confident and well positioned to expand in the retail segment by democratizing the power of Algo Trading, gain market share and emerge as the preferred fin tech player in the market. Result PDF
Conference Call with Share India Securities Management and Analysts on Recent Business Developments. Listen to the full transcript.