Share India Securities Ltd, a leading knowledge, and technology-driven stockbroker has reported strong financial performance for the third quarter ended 30 December 2017. The Company’s net profit for Q3FY18 stood at Rs. 5.62 crore and total revenue stood at Rs39.55 crore. For the 9 months ending Dec 30, 2017, Company’s PAT stood at 12.10 crore and total revenue stood at 97.81 crores. 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 and the quarter ended 30 Dec 2017, Share India significantly improved its EBITDA and NET Profit margins which stood at 26.76% and 14.18% respectively. In the last fiscal the Company had posted 15.80% EBITDA and 7.35% Net Profit margins respectively.
Commenting on the financial performance of the Company Mr. Sachin Gupta, Whole Time Director, Share India Securities Ltd said, “We are very happy with the strong financial results reported by the company on account of continued favorable business environment and positive sentiments in the stock markets. As a business strategy Share, India focused on improving the bottom line, margins and moved into newer strategic markets. We are confident of achieving our growth targets as the Company 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”
The Company is in the process of establishing its presence in western and central India and is developing a distribution center for various products offered by Share India to all the clients. The Company currently enjoys a 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.
| Q3FY18 – 3 months ending 30 Dec 2017
(in INR Cr) |
FY2018 – 9 months ending 30 Dec 2017
(In INR Cr) |
FY2017 – 12 months ending 31 March 2017 (In INR Cr) | |
| Total Revenue | 39.56 | 97.81 | 110.14 |
| PAT | 5.61 | 12.10 | 8.09 |
| PBIT | 10.03 | 21.93 | 15.59 |
| D&A | 0.56 | 1.44 | 1.85 |
| EBITDA | 10.59 | 22.37 | 17.44 |
| EBITDA Margin | 26.76% | 22.87% | 15.80% |
| Net Profit Margin | 14.18% | 12.37% | 7.35% |
About Share India Securities Ltd
Share India Securities Ltd, a leading knowledge, and technology-driven stockbroker 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. The company has been accredited with a 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. The company has been accredited with a 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.
