Share India Securities H1FY19 Net Profit rises 30% to Rs 8.42Cr

Revenue grows 37.78% to Rs 80.26Cr

November 13, 2018. Share India Securities Ltd, leading knowledge and technology driven financial services group, has reported a strong financial performance for the (first half year of FY19 or FY19H1) six months period ended on 30 September 2018.

The Company net profit for H1FY19 rose 30% to Rs 8.42 crores compared to Rs. 6.48 crore posted in H1FY18.  Company’s total revenue grew 37.78% to Rs 80.26 crores compared to Rs 58.25 crore posted in the corresponding period of H1FY18.

During the period Company’s EBIDTA rose by 30.18% YoY to Rs 16.65 crores with EDITDA Margin 20.75% and PAT Margin 10.49% compared to H1FY18 EBITDA Margin and NET Profit margins of 21.96% and 11.13% respectively.

Earning per equity share in H1FY19 stood at 3.92 compared to 2.66 of FY18H1.

Mr Sachin Gupta, Whole Time Director and CEO, Share India Securities Ltd,

Commenting on the financial performance of the Company said, “The Company has been growing considerably in terms of reach and revenue on account of our aggressive push in tapping new clients and customers in high income markets as well as tier 1 and tier 2 cities. The Company’s recent strategic foray into the synergistic business arenas of Merchant Banking, Portfolio Management Services, NBFC   and proposed merger with Mumbai based Total Securities expected to make the company among top players nationally and also help us consolidate our business and avenues.  With all these recent developments, our presence in the financial sector has expanded considerably and we look forward to leveraging our current array of services and extensive client base to grow and create further inroads into strategic geographies and  markets. We have also augmented the range of products and services that we provide our clients to become a financial conglomerate that offers a gateway into the Mutual Fund, equity and commodity markets, while catering to the needs of both individuals and corporate”

About Share India Securities Ltd (www.shareindia.com)

Share India Securities Ltd, a leading knowledge and technology driven financial services group, is engaged in the business of equity broking, investing and trading activities for the last 24 years and has now expanded its operation into mutual funds, NBFC, merchant banking and commodity markets. The Company became 200th SME Company to get listed on BSE SME Platform on 5th October 2017. The company script has been included in the BSE Group -1 securities by Bombay Stock Exchange.  The Company is in the process of establishing its presence in western and central India and is developing a distribution centre for various products offered by Share India to all the clients. The Company currently enjoys strong presence in North India with its business center in Uttar Pradesh, New Delhi, Rajasthan, Punjab and Haryana. Share India also has significant business operations in Maharashtra and Andhra Pradesh. The Company currently has a network of around 5 sub-brokers and 173 AP’s registered with it in BSE and 3 sub-brokers and 163 AP’s in NSE spread all over India catering to the needs of our clients.

The Company reported a remarkable financial performance for FY18 and the six months period ended 31 March 2018. The Company’s consolidated net profit for FY18 rose 92.61% to Rs 15.37 crores compared to Rs 7.98 crores posted in FY17.  Company’s consolidated revenue grew 25.38% to Rs 133.30 crores compared to Rs 106.30 crore posted in FY17.