Share India Securities Ltd Review
There are many stocks in the stock market which have given better returns in a short period of time. Many stocks have also made their investors rich.
Share India Securities Ltd also has one share in it, which has given returns of more than 1400% in five years. Now there has been a jump in the company's revenue.
Increase in revenue
Share India Securities Limited has announced its financial results for the quarter and year ending March 31, 2024.
This company provides different types of customized solutions in the capital market. The company reported revenue of Rs 465 crore in Q4FY24, a year-on-year growth of 36.6%.
EBITDA increased by 11.4% to Rs 175 crore in the same quarter from Rs 157 crore in the fourth quarter of the last financial year. Net profit also increased by 8.3% to Rs 116 crore.
Annual increase
The company's revenue for the year ending March 31, 2024 stood at Rs 1483 crore, which is a growth of 36.3%.
EBITDA stood at Rs 663 crore, showing a growth of 31.5%. At the same time, the net profit was Rs 426 crore, which is an increase of 28.8% on an annual basis.
Good performance of the company
Talking about the performance, Sachin Gupta, CEO and Director, Share India Securities Limited, says that it is a pleasure to announce the good performance of the company in the financial year 2024, which is an important milestone in our growth and innovation journey.
In FY2024, we have achieved the highest ever revenue and profit after tax (PAT) since our inception. Our revenue grew an impressive 36% year-on-year to Rs 1,483 crore, while our net profit grew 29% to Rs 426 crore.
Good results come from commitment
Sachin Gupta further adds that our commitment to expand our client base has shown significant results, with our broking clients registering a strong growth of 27% year-on-year, reaching a total of 35,380 clients in FY24.
In recognition of our strong performance and commitment to shareholder value, the Board has declared a dividend of Re 1 per share, taking the total dividend for the financial year to Rs 9 per share.
Apart from this, the board has also approved stock splits in the ratio of 1:5.