{"id":21748,"date":"2023-11-02T07:53:33","date_gmt":"2023-11-02T07:53:33","guid":{"rendered":"https:\/\/sattaexpress.co.in\/index.php\/2023\/11\/02\/share-india-securities-q2-fy24-performance-soars-consolidated-net-profit-up-56\/"},"modified":"2023-11-02T07:53:33","modified_gmt":"2023-11-02T07:53:33","slug":"share-india-securities-q2-fy24-performance-soars-consolidated-net-profit-up-56","status":"publish","type":"post","link":"https:\/\/sattaexpress.co.in\/index.php\/2023\/11\/02\/share-india-securities-q2-fy24-performance-soars-consolidated-net-profit-up-56\/","title":{"rendered":"Share India Securities\u2019 Q2 FY24 Performance Soars: Consolidated Net Profit Up 56%"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], November 2<\/strong>: Share India Securities Limited (NSE: SHAREINDIA),\u00a0is a technology-driven financial services provider that offers a wide range of personalized solutions in the capital market,\u00a0has\u00a0<a><\/a>announced\u00a0its Financial Results for the\u00a0Q2 FY24.<\/p>\n<p>Key Financial Highlights (Consolidated):<\/p>\n<p>Q2\u00a0FY24:<\/p>\n<p>\u2022\u00a0Total Revenue\u00a0\u20b93,679.42\u00a0Mn\u00a0vs\u00a0\u20b92,432.92\u00a0in\u00a0Q2\u00a0FY23, YoY Growth of 51.23%<\/p>\n<p>\u2022\u00a0EBITDA\u00a0\u20b9\u20b91,775.56\u00a0Mn\u00a0vs\u00a0\u20b91,122.89\u00a0Mn\u00a0in\u00a0Q2\u00a0FY23, YoY Growth of 58.12%<\/p>\n<p>\u2022\u00a0EBITDA Margin\u00a048.26%\u00a0vs\u00a046.15%\u00a0in\u00a0Q2\u00a0FY23, YoY Growth of 211Bps<\/p>\n<p>\u2022\u00a0Net Profit\u00a0\u20b91,126.25\u00a0Mn\u00a0vs\u00a0\u20b9741.34\u00a0Mn\u00a0in\u00a0Q2\u00a0FY23, YoY Growth of 56.28%<\/p>\n<p>\u2022\u00a0Net Profit Margin\u00a030.61%\u00a0vs\u00a030.47%\u00a0in\u00a0Q2\u00a0FY23, YoY Growth of 14Bps<\/p>\n<p>\u2022\u00a0EPS\u00a0\u20b934.50\u00a0vs\u00a0\u20b922.50\u00a0in\u00a0Q2\u00a0FY23, YoY Growth of 55.06%<\/p>\n<p>Key Operational Highlights:<\/p>\n<p>Client Base<\/p>\n<p>Broking \u2013 31,063 | NBFC \u2013 67,629 | Institutional Clients \u2013 35<\/p>\n<p>Option Market Share \u2013 ~5%<\/p>\n<p>Commenting on the performance,\u00a0Mr.\u00a0Sachin Gupta\u00a0\u2013\u00a0CEO &amp; Whole-time Director\u00a0of\u00a0Share India Securities Limited\u00a0said,\u00a0\u201cThe second quarter has witnessed robust growth in our financial performance. In addition to our regular business activities, the launch of Algo Trading for retail clients has been a significant contributing factor.<\/p>\n<p>We currently hold approximately 5% market share in option trading, with an average daily turnover of\u00a0\u20b9114 billion across all market segments.<\/p>\n<p>In the realm of retail products, our strategic focus is on expanding our reach to customers through channel partners in more than 100 tier 2 cities over the next 18 months.<\/p>\n<p>During this quarter, we announced the merger of Silverleaf with Share India. Silverleaf is a High-Frequency Trading (HFT) Algo Firm. This acquisition will not only fortify our existing business but also bolster our international expansion plans.\u201d\u00a0<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], November 2: Share India Securities Limited (NSE: SHAREINDIA),\u00a0is a technology-driven financial services provider that offers a wide&hellip;<\/p>\n","protected":false},"author":1,"featured_media":21749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[645,641],"class_list":["post-21748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/21748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=21748"}],"version-history":[{"count":0,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/21748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/media\/21749"}],"wp:attachment":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=21748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=21748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=21748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}