NEW DELHI, Oct. 29: Share India Securities Limited (BSE: 540725 | SISL, NSE: SHAREINDIA), one of India’s leading technology-based financial conglomerate continued its massive growth ride, closing first half year of F.Y. 2021-22 with triple digit growth in both revenue and PAT.
The Consolidated Income of the Company grew 133% in H1 FY22(YoY) to ₹372.90 Crore. The consolidated profit after tax (after minority interest) grew 182% YoY to ₹76.99 Crore. PAT margin of the Company stood at 20.65% as compared to 17.05% in H1FY21.
During Q2 FY22, the Company announced acquisition of majority stake in Algowire Trading Technologies Pvt. Ltd. and Utrade Solutions Pvt. Ltd. for consideration of over Rs. 15 crore. The acquisition will enable Share India to strengthen its fintech capabilities and to build an ecosystem to democratize the power of Algo trading for retail players. Pursuant to strong results, the Board of Directors has declared second interim dividend of Rs. 1.25 per share.
SISL is a key player in Indian derivative market segment with Rs8% 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. Share India continues to develop its product portfolio and will expand its customer base along with enhancing customer experience. Most of its platforms are machine learning enabled and based on in-house technology. UNI
