Technology-based financial firm Share India Securities Limited closed the 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.

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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.  Pursuant to results, the Board of Directors has declared second interim dividend of Rs. 1.25 per share. 

Commenting on results, Kamlesh Vadilal Shah, Managing Director, Share India Securities Limited said, “Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength on technology. We believe technology will continue to play an important role for retail participants in India. In backdrop of strong fundamentals, global investors penchant for high growth markets and comfortable global liquidity sustainable growth of the Indian stock markets and its participants would continue. In order to get maximum advantage from this growth wave, we have and are constantly expanding our product & technology base over the years.  
With the acquisition of two leading fin-tech startups and presence of massive growth opportunity in the market, we are confident and well positioned to expand in the retail segment by democratizing the power of Algo Trading, gain market share and emerge as the preferred fin tech player in the market.”

Sachin Gupta, CEO and Whole Time Director, Share India Securities Limited added, “Our consolidated financial performance for the quarter was exceptionally strong on the back of strong underlying business performance and technology leadership across segments. The company has achieved highest ever half yearly consolidated Profit after tax of Rs 76.99 crores which is close to the full year PAT of Financial Year 2021. Our industry-leading profitability and strong cash conversion give us the wherewithal to make the right investments needed to build out the business of the future. Our ongoing investments in technology and product development which primarily focuses on enhancing customer experience would be the next leg of growth factor for us. We believe that artificial intelligence and machine learning will continue to shape the future of our industry and we will prolong to fuel our growth through our client centric approach.”