Share India reports H1 profit up 32% to Rs 234.88 crore

Share India Securities Limited reported consolidated profit after tax of Rs 234.8835 crore for the half year ended September 30, 2026, up 32% from Rs 177.5982 crore a year earlier. Total income rose 23% to Rs 849.9494 crore, while profit fell sequentially in the September quarter from the restated June-quarter result.

How did Share India perform in the first half?

Share India earned Rs 234.8835 crore in consolidated profit after tax for the half year ended September 30, 2026, compared with Rs 177.5982 crore in the corresponding 2025 period. Profit before tax was Rs 307.924 crore, after an exceptional item of Rs 83.50 lakh, versus Rs 237.156 crore a year earlier. Basic earnings per share, or EPS, rose to Rs 10.73 from Rs 8.10.

Total income increased to Rs 849.9494 crore from Rs 690.8338 crore, while total expenses rose to Rs 541.1904 crore from Rs 453.6778 crore. Consequently, profit before exceptional items and tax increased to Rs 308.759 crore from Rs 237.156 crore. The board approved the unaudited consolidated results on October 30, 2026, and the statutory auditors issued an unmodified limited-review conclusion.

Why did Share India’s September-quarter profit decline from June?

Share India’s September-quarter profit after tax was Rs 102.5306 crore, below Rs 132.3529 crore in the June 2026 quarter. September-quarter total income was Rs 384.5663 crore, compared with Rs 465.3831 crore in June, and profit before tax declined to Rs 133.4784 crore from Rs 174.4456 crore.

The year-on-year comparison moved in the other direction: September-quarter profit after tax rose from Rs 93.221 crore in the quarter ended September 30, 2025, and total income increased from Rs 346.2279 crore. Total expenses were Rs 250.2529 crore in the September 2026 quarter, lower than Rs 290.9375 crore in June but above Rs 219.7707 crore a year earlier.

The June 2026 figures were restated following the amalgamation of Silverleaf Capital Services Private Limited with Share India. The National Company Law Tribunal approved that scheme on August 20, 2026, and a rectification order dated October 12, 2026 set its appointed date as April 1, 2026. Share India said the restated June information is not strictly comparable with the financial information it had previously issued for that quarter.

Which businesses contributed most to Share India’s income?

Share India’s share broking and trading business was its largest segment, with half-year revenue of Rs 783.333 crore, up from Rs 634.7658 crore a year earlier. Its segment result rose to Rs 348.677 crore from Rs 276.8172 crore, accounting for most of the group’s Rs 849.9494 crore total income.

Merchant banking recorded revenue of Rs 28.7524 crore, compared with Rs 17.5815 crore in the prior-year half, while its segment result increased to Rs 18.6646 crore from Rs 6.1497 crore. The non-banking financial company, or NBFC, business reported revenue of Rs 26.8481 crore, marginally below Rs 27.6205 crore, but its segment result increased to Rs 16.5708 crore from Rs 12.7021 crore.

Technology services generated Rs 7.4157 crore of revenue and a segment result of Rs 1.8369 crore for the six months ended September 30, 2026. Insurance revenue declined to Rs 3.4737 crore from Rs 4.5339 crore, although its segment result rose to Rs 17.07 lakh from Rs 9.40 lakh. Wealth management reported a segment loss of Rs 5.72 lakh for the half year.

What changed in Share India’s balance sheet and cash flow?

Share India’s cash and cash equivalents fell to Rs 103.4706 crore at September 30, 2026, from Rs 522.7696 crore at March 31, 2026. In contrast, bank balances other than cash and cash equivalents increased to Rs 3,062.0554 crore from Rs 2,607.0257 crore. Total assets rose to Rs 4,897.5161 crore from Rs 4,589.8615 crore.

Borrowings other than debt securities increased to Rs 328.2554 crore at September 30 from Rs 143.2795 crore at March 31. Debt securities declined to Rs 422.0361 crore from Rs 578.9963 crore, while total financial liabilities decreased to Rs 1,886.6903 crore from Rs 1,889.8089 crore. Total equity increased to Rs 2,926.6801 crore from Rs 2,654.8474 crore.

Net cash used in operating activities was Rs 510.1914 crore in the half year, compared with Rs 203.8644 crore used in the previous-year period. Investing activities used Rs 80.7095 crore, against Rs 74.5542 crore generated a year earlier, while financing activities generated Rs 171.6015 crore compared with cash use of Rs 23.6062 crore. These movements resulted in a Rs 419.2994 crore net decrease in cash and cash equivalents.

What actions has Share India approved after the half-year results?

Share India’s board approved raising up to Rs 100 crore through non-convertible debentures, commercial papers or other debt instruments on a private-placement basis on October 30, 2026. The board also declared a second interim dividend of Rs 0.40 per equity share of face value Rs 2 for the financial year 2026-27.

On September 21, 2026, the board approved a proposed preferential issue of convertible warrants of up to Rs 200 crore. It also approved incorporation of a proposed subsidiary and an investment of up to Rs 120 crore in its equity shares, with the finance committee authorised to evaluate and finalise the investment amount in one or more tranches.

Share India completed the acquisition of Enshrine Leasing and Infotech Private Limited on September 17, 2026, making it a wholly owned subsidiary. The board also approved a proposal to amalgamate Ace Alpha Tech Limited with Share India, subject to a valuation report and other documents before a detailed scheme is placed before the board. Separately, Share India redeemed its outstanding Series A and Series B non-convertible debentures in full on September 30, 2026, before scheduled maturity.

Conclusion

Share India’s first-half outcome combined year-on-year increases in income, profit and EPS with a lower September-quarter profit than the restated June-quarter result. Share broking and trading remained the main contributor to revenue and segment result, while merchant banking increased both its half-year revenue and result. Cash and cash equivalents declined during the six months as operating and investing cash flows were negative.

Next, readers should watch whether the finance committee finalises terms for the proposed Rs 200 crore convertible-warrant issue and the investment in the proposed subsidiary. The source also identifies the next board consideration of a detailed Ace Alpha Tech Limited amalgamation scheme after valuation and related documents are obtained, alongside the approved debt fundraising capacity of up to Rs 100 crore.