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23 September, 2021 10:42 IST
Share India Securities consolidated PAT jumps 154% in Q1
Source: IRIS | 29 Jul, 2021, 07.51PM
Rating: NAN / 5 stars.
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Share India Securities (SISL), engaged in the business of equity broking, investing and trading activities on July 29 reported a tremendous growth of 100% in its consolidated revenue to Rs 1,546.3 million for the quarter ended June 2021(Q1FY22).

The consolidated profit after tax (after minority interest) grew 154% YoY to Rs 341.8 million. The Company has built a credible track-record in building scale and delivering high growth consistently. PAT margin stood at 22.9% as compared to 18.7% in the last quarter. The board has declared an interim dividend of Rs 0.75 for the reporting quarter.

The Company, along with its subsidiaries, continued to maintain its track record of consistency in performance through different market and macroeconomic cycles due its diversified business model.

SISL is a key player in Indian derivative market segment with ~7% share of option premium turnover and 3% of future turnover in NSE. Share India is a pioneer when it comes to technology and has maintained its position because of constant innovation and R&D.

Commenting on the successful results, Kamlesh Vadilal Shah, Managing Director said, "We once again had a substantial quarter with total revenues growing by 100% (YoY) and PAT by 154% (YoY). This has been possible on account of implementation of successful business strategies, strong momentum in the marketplace, a healthy balance sheet, and an outstanding team performance.

Regardless of the environment, we remain focused on building the future of modern retail broking. Given the variants of the virus and fears of a potential third wave, we are watchful of the emerging situation and remain optimistic of the opportunities in our core markets and verticals. Being a full-fledged fintech financial service provider, our focus will continue to be on technology including artificial intelligence."

Shares of the company declined Rs 11.85, or 2.12%, to settle  at  Rs 547.40.  The total volume of shares traded  was 16,811 at  the BSE (Thursday).

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