Mumbai, November 30, 2017 (GPN) : Share India Securities Ltd, a leading knowledge and technology driven stock broker, has reported a remarkable 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.  During the Period Company significantly improved its EBITDA and NET Profit margins which stood at 27.06% and 16.23% respectively.

 

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 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.

 

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.ENDS