Share India Securities Limited, a technology-driven financial services company, has more than doubled its post-tax profit to Rs 76.02 crore for the quarter ended March 2022 on Monday. In comparison, the company posted a PAT (profit after tax). 35.82 crore in the same quarter last fiscal, Share India Securities said in a statement.
It increased its revenue by 52 per cent to Rs 294.82 crore for the January-March quarter of FY22 from Rs 194.35 crore in the same period of the previous fiscal. For the full financial year 2021-22, the company’s PAT has risen to Rs 201.84 crore from Rs 80.75 crore in the previous financial year.
Total revenue increased to Rs 871.01 crore in FY22 from Rs 453.81 crore in the previous year. “The company has delivered one more year for 100 percent growth in all financial metrics for the quarter and for the full year. Q4 FY22 has been one of the best financial performance of all time and one of the best in the industry in the 25 years of our existence, ”said Kamlesh Shah, Managing Director.
He added that the company plans to strengthen its retail presence in Q3 and Q4 of this fiscal year with new and innovative products. ” These products will focus exclusively on the Algo section and allow the general public to access the institutional grade product portfolio. These initiatives will help us to continue our growth momentum in the future and also help diversify our revenue flow, ”he added.
Share India Securities established its foothold in the financial market in 1994 as a securities broking company. It provides a wide range of financial products and services to its more than 17,500 clients.