Capital Markets company Share India Securities announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Revenues surged by 35.1% YoY, reaching 374 crore in Q3FY24. EBITDA recorded a growth of 29.5%, standing at 183 crore in Q3FY24. EBITDA Margins declined slightly from 50.9% (Q3FY23) to 48.8% (Q3FY24). Profit After Tax (PAT) saw a substantial YoY growth of 24.4%, reaching 115 crore in Q3FY24. PAT Margins decreased from 33.4% (Q3FY23) to 30.8% (Q3FY24). Q3FY24 saw an increase in the number of Broking Clients, reaching 32,886, compared to 31,063 in Q2FY24. The NBFC Loan Book showed growth, increasing from Rs 199.5 crore in Q2FY24 to Rs 235.5 crore in Q3FY24. Consolidated 9MFY24: Over the nine months, Revenues exhibited a substantial growth of 36.1%, reaching Rs 1,017 crore. EBITDA recorded an impressive YoY growth of 42.7%, standing at Rs 483 crore in 9MFY24. PAT demonstrated a significant YoY growth of 38.5%, reaching Rs 310 crore in 9MFY24. PAT Margins increased from 29.9% (9MFY23) to 30.4% (9MFY24). Commenting on the performance, Sachin Gupta – CEO & Whole-time Director of Share India Securities said, “We are pleased to report a remarkable performance in the past fiscal quarter, with our revenue experiencing an impressive YoY growth of 35%, reaching Rs 374 crore. Achieving our highest-ever quarterly profit after tax of Rs. 115 crores, representing a substantial 24% increase, underscores our sustained financial strength and strategic prowess. Our commitment to expanding our client base has yielded significant results, with a robust year-on-year growth of 38%, bringing our total broking clients to an impressive 32,886. Additionally, our NBFC witnessed a noteworthy 18% QoQ growth, reaching Rs 235.5 crore, reflecting the resilience and stability of our financial portfolio. Recognizing the importance of rewarding our shareholders, the board of directors are pleased to recommend an interim dividend of Rs 3 per share of face value of Rs 10 each. This is a testament to our dedication to sustainable growth and value creation for our stakeholders. We look forward to maintaining this positive momentum and delivering continued success in the upcoming quarters." Result PDF
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