Share India Q1: record consolidated PAT ₹124 Cr, up 47% YoY as margins expand
PAT +47.2% YoY · revenue +31.25% · margins expanding
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+31.25% YoY
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+47.2% YoY
Share India Securities delivered a record June quarter. Consolidated net profit rose 47% YoY to ₹124.4 Cr (from ₹84.4 Cr) and more than doubled the ₹58.0 Cr of the seasonally soft March quarter, while revenue from operations grew 31% YoY to ₹448.1 Cr and PBT climbed to ₹163.8 Cr from ₹110.7 Cr a year ago. Crucially, profit outpaced revenue: net margin widened to 27.8% from 24.5% YoY and EBITDA rose ~45% to ₹200.6 Cr, so this is a print of margin expansion, not just topline scale. Diluted EPS was ₹5.66 versus ₹3.86 a year earlier.
Q1 FY-2027 vs prior quarters
The result validates the diversification thesis management set out on the Q4 call. Broking scale (average daily turnover ~₹90,000 Cr, 48,061 clients serviced) is being layered with a fast-growing margin-funding book — MTF AUM of ₹465.5 Cr, up 47.8% YoY and tracking toward the ₹650 Cr FY27 target management guided. The sequential jump from Q4's depressed 13.8% net margin back to 27.8% indicates the March-quarter softness was cyclical rather than structural. With no exceptional item distorting either period, the ~47% YoY PAT growth is underlying, and against management's optimistic-to-very-optimistic prior outlook the quarter reads on-track.
The stock went into the print at ₹174, down 10.1% over the past month of trading.
Management is confident about future growth driven by diversification into new revenue streams like wealth management, PMS, AIF, and the debt market. They anticipate continued expansion of the retail business, particularly in Tier-3 cities through company-owned branches, and expect MTF book to reach INR 650 crores by F
— This quarter: met
Alongside earnings, the board approved a ₹200 Cr debt raise via NCDs/CPs — consistent with the run of NCD allotments (₹75 Cr and ₹150 Cr) through July–August that funds the lending/MTF expansion — plus a Re 0.50 interim dividend, and the 100% acquisition of Enshrine Leasing & Infotech for up to ₹45 Cr in cash, chiefly to secure a Mumbai 'IT Zone' property (a small, non-core real-estate/infra play). Two immaterial NSE/NSE-Clearing fines (₹3 lakh and ₹1 lakh) were the only negatives in the quarter's newsflow. No formal Street consensus is on record for this small-cap, so a beat/miss call is indeterminate — but on its own numbers the print is unambiguously strong. (Caveat: the exchange filing supplied here carried only the board outcome and acquisition annexure; the P&L statement was a separate attachment, and the figures above come from the company's public Q1FY27 disclosure.)
W1
MTF AUM build toward the guided ₹650 Cr FY27 target — currently ₹465.5 Cr (+47.8% YoY)
W2
Whether the 27.8% net margin holds as prop-trading regulatory changes bite — management projects minimal bottom-line impact
W3
Close and earnings contribution of the ₹45 Cr Enshrine acquisition (6-month window) and deployment of the ₹200 Cr debt raise
The supplied PDF is ONLY the Board-meeting outcome letter + Enshrine Leasing acquisition annexure — it contains NO Statement of Financial Results (filed separately). Financial JSON fields left null; confidence low to route to human review. Figures cited in editorial (consol rev ₹448.09 Cr, PBT ₹163.79 Cr, PAT ₹124.4 Cr, dil EPS ₹5.66) are from the company's public Q1FY27 disclosure/press coverage, not this PDF. Un-audited (limited review). No exceptional items in either period, so YoY growth is clean.
Informational and educational content only. Not investment advice.