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.