Share India Securities Q1 Results Total Income ₹149.87 Crore & Operating Profit ₹-121.19 Cr

Share India Securities Growth Comparison

Share India Securities Q1 Results: Financial performance of Share India Securities for the first quarter (Q1) ending in June 2024 shows a significant improvement in year-over-year (YoY) growth across multiple metrics. For example, the total revenue grew by 74.69% YoY, increasing from ₹85.79 crore in June 2023 to ₹149.87 crore in June 2024. However, the company also saw a steep rise in expenses, with selling, general, and administrative expenses increasing by 89.00% YoY. This rise in expenses contributed to a decline in operating income, which dropped by 74.08% YoY, resulting in a negative figure of ₹-121.19 crore.

Share India Securities managed to increase its net income by 25.19% YoY, growing from ₹82.11 crore in June 2023 to ₹102.80 crore in June 2024. This suggests that while operating performance struggled, profitability before taxes remained strong. Depreciation and amortization also saw an increase of 39.74% YoY.

In contrast to the Share India Securities’ year-over-year (YoY) performance, the quarter-on-quarter (QoQ) comparison shows a decline. Total revenue in March 2023 was ₹341.88 crore, much higher than the ₹149.87 crore in June 2024. The company’s earnings per share (EPS) also dropped drastically by 80.31% YoY. This mixed performance highlights both growth and challenges.

Here is a breakdown of the Share India Securities Q1 results:

(All amounts in ₹ crore except per share values)

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Share India Securities Q1 Results

The financial results for Share India Securities for the quarter ending on June 30, 2024, show strong performance. The company earned revenue from different sources like interest, dividends, fees, and sales. The total revenue from its main operations was Rs. 32,475.16 lakhs. This includes Rs. 3,246.35 lakhs from interest and Rs. 307.80 lakhs from dividends. Another significant source of income was fees and commission, which brought in Rs. 4,920.89 lakhs. Share India also made Rs. 20,446.06 lakhs from changes in the value of its investments. In addition to this, the company made extra income from other sources, making the total income Rs. 33,142.22 lakhs.

The company's expenses were also high, with a total of Rs. 23,714.24 lakhs. Major expenses included finance costs, operating expenses, and employee salaries. Despite these costs, Share India earned a profit before tax of Rs. 9,427.97 lakhs. After paying taxes, the profit came to Rs. 7,282.33 lakhs. The company also made some gains from its investments, adding Rs. 565.59 lakhs to its comprehensive income.

Here's a summary of the Standalone Financial Results for Share India for the quarter ended on June 30, 2024:

(Rs. in Lacs)

Share India Securities Stock Performance

Share India Securities has a market cap of ₹5,933 crore. The stock price is ₹288, with a high of ₹408 and a low of ₹253. Its P/E ratio is 13.3, suggesting reasonable valuation. The book value is ₹86.4, and the dividend yield is 0.62%. It has high profitability with ROCE at 41.8% and ROE at 34.5%. The face value of the stock is ₹2.00.

Here's the information presented in table format:

Quarterly Results 

The Share India Securities Q1 Results table shows the company's financial performance for the first quarter. Sales increased from Rs. 277 crores in June 2023 to Rs. 414 crores in June 2024. Expenses also rose from Rs. 153 crores to Rs. 267 crores during the same period. Operating profit decreased from Rs. 125 crores to Rs. 147 crores, with the operating profit margin (OPM) falling from 45% to 35%. Other income grew from Rs. 1 crore to Rs. 7 crores.

Here are the results for December 2023, March 2024, and June 2024:

About Share India Securities 

Share India Securities, founded in 1994, is a well-established company specializing in financial trading solutions. It started by becoming a member of the Bombay Stock Exchange (BSE), marking its entry into the stock trading industry. Over the years, Share India has expanded its services significantly. In 2000, it began trading in derivatives, and by 2007, it introduced currency derivatives trading. The company was renamed Share India Securities in 2008 and joined the National Stock Exchange (NSE) and Central Depository Services, further strengthening its position in the market.

In 2010, Share India expanded into mutual fund advisory and launched new subsidiaries to offer a wider range of financial services. The company has achieved several milestones, including becoming a research analyst registered with SEBI in 2016 and listing on the BSE. It continued its growth by acquiring several firms and expanding its services both in India and internationally. Share India aims to provide advanced trading solutions through technology and has been a pioneer in algo trading, making it a trusted name in the financial industry.