Showing posts with the label #ShareIndiaSecurities

Share India Securities reports strong half-yearly results

Net Profit at Rs 6.48 crore
Total Revenue at Rs 58.25 crore Share India Securities Ltd, a leading knowledge and technology driven stock broker based in Delhi,has reported strong financial performance in the six months period ended 30 September 2017. The Company’s net profit for the first half of FY18 stood at Rs. 6.48 crore and total revenue stood at Rs 58.25 crore. The Company had reported Net Profit of Rs 8.08 crore and total revenue of Rs 110.14 crore in the last fiscal ending March 31, 2017. During the current financial year in the first half Share India significantly improved its EBITDA and NET Profit margins which stood at 27.06% and 16.23% respectively.  In the last fiscal the company had posted 16.23% EBITDA and 11.25%Net Profit margins.

Financial Highlights

H1FY18- 6 months ending 30 Sept 2017 (in Lakh) FY2017 – 12 months ending 31 March 2017 (In Lakh) Total Revenue 58,25,52,499.99 110,14,10,068.1 PAT 6,48,53,082 8,08,51,201.24 PBIT 9,45,72,570 12,39,57,418

Share India Securities Script included in the BSE Group 1

The script is one of the only four SME stocks, out of 209, to be included in this group.
Mumbai, November 7, 2017.  The script of Share India Securities Ltd, a leading knowledge and technology driven stock broker, has been included in the BSE Group -1 securities by Bombay Stock Exchange as per SEBI guidelines.  The script will now be able to avail margin funding facility at eligible broker terminals.
Share India Securities Script (BSE code 540725), which was listed on BSE SME platform on 5th of October 2017, has touched an all-time high of Rs 64.80 as against the IPO price of Rs 41.
“Margin is essentially an additional fund that you take to get more leverage in your investments. Share trading on margin allows you to purchase a greater number of securities than you would have been able to purchase with cash only, thereby giving you more exposure to the market and offering the possibility of greater returns. We are happy that Share India Securities Ltd.'s script is part of BSE Group 1 …

Share India recommends BUY Trident Ltd for a target of Rs 150

Share India Securities Ltd, a leading knowledge and technology driven stock broker,recommends buying Trident Ltd shares for a target of Rs 150 in the next 1 year.
 Share India says “Trident reported its Q2 FY18 results which were in line with our expectations given GST teething problems and implementation issues for the same. The revenue was flat y-o-y at INR 11,549mn (vs. 11,600mn in Q2) – without any excise duty effect. On a segment basis the revenue for both Textile and Paper business was flat. PAT was however, below our expectations with reported figure at INR 493.9mn (vs. our expectation of INR 756mn). The drop in PAT was mostly due to higher COGS which led to lower gross margin.
The textile business which has significant geographic dispersion was majorly impacted with segment profit dropping approximately 40% y-o-y for Q2 FY18. Trident also saw considerable increase in trade receivable (up 20% 6M FY18) and drop in inventories (down 30% 6M FY18).
We attribute increase in raw mater…