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Share India Securities reports strong half-yearly results


Net Profit at Rs 6.48 crore

Total Revenue at Rs 58.25 crore
Share India Securities Ltd, a leading knowledge and technology driven stock broker based in Delhi, has reported strong financial performance in the six months period ended 30 September 2017. The Company’s net profit for the first half of FY18 stood at Rs. 6.48 crore and total revenue stood at Rs 58.25 crore. The Company had reported Net Profit of Rs 8.08 crore and total revenue of Rs 110.14 crore in the last fiscal ending March 31, 2017. During the current financial year in the first half Share India significantly improved its EBITDA and NET Profit margins which stood at 27.06% and 16.23% respectively.  In the last fiscal the company had posted 16.23% EBITDA and 11.25%  Net Profit margins.

Financial Highlights
H1FY18  - 6 months ending 30 Sept 2017
 (in Lakh)
FY2017 – 12 months ending 31 March 2017
(In Lakh)
Total Revenue
58,25,52,499.99
110,14,10,068.1
PAT
6,48,53,082
8,08,51,201.24
PBIT
9,45,72,570
12,39,57,418
D&A
88,30,293
1,84,90,592
EBITDA
10,34,02,863
14,24,48,010
EBITDA Margin
27.06%
19.80%
Net Profit Margin
16.23%
11.25%

Key Developments

·        Share India became 200th SME Company to get listed on BSE SME Platform on 5th October 2017.
·        Share India Securities Script was included in the BSE Group 1. The script is one of the only four SME stocks, out of 209, to be included in this group.


Commenting of the financial performance of the Company Mr Sachin Gupta, Managing Director, Share India Securities Ltd said, “Share India has delivered strong set of numbers on account of favorable business environment and positive sentiments in the stock markets. As a business strategy Company is focused on improving the bottom line, margins and move into newer strategic markets. 
Mr Sachin Gupta, MD, Share India Securities Ltd
Share India is aggressively targeting new clients and customers in high income markets as well as tier 1 and tier 2 cities. The emphasis is on expanding the scale of operations as well as growing network across India. We believe the best is yet to come for Indian stock markets. As Indian economy is in the process of regaining its course to grow at 7-8% after faltering slightly over the past few quarters, we are confident of achieving our growth targets”  
“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” added Mr Gupta.

 About Share India Securities Ltd

Share India Securities Ltd, a leading knowledge and technology driven stock broker, is engaged in the business of equity broking, investing and trading activities for the last 24 years. Share India became 200th SME Company to get listed on BSE SME Platform on 5th October 2017. The company in addition to providing the services as a Depository Participant, Research Analyst, Mutual Fund Advisor/Distributor, has also filed an application with Securities and Exchange Board of India for the registration of Company as a Portfolio Manager. The Company has received many Awards and Recognitions some of them are, an award for appreciation for our contribution in the 1 crores Demat accounts opened by CDSL. Company has been accredited with certificate for being among the top performing members for the year 2015-16 in equity and equity derivatives segment of the National Stock Exchange of India Limited. Company has been accredited with certificate for being among the top performing members for the year 2015-16 in Currency derivative segment of the National Stock Exchange of India Limited.


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Location: Mumbai, Maharashtra, India

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