Share India H1FY27 profit rises 32% as margins expand

Share India Securities Limited reported consolidated profit after tax of Rs 234.9 crore for H1FY27, up 32.3% year on year and ahead of 23.3% income-from-operations growth to Rs 841.6 crore. Its EBITDA margin increased 222 basis points to 45.8%, while reported PAT margin rose 188 basis points to 27.9% for the six months ended September 30, 2026.

How did Share India perform in H1FY27?

Share India increased income, operating earnings and profit in H1FY27. Income from operations rose from Rs 682.4 crore in H1FY26 to Rs 841.6 crore, while earnings before interest, tax, depreciation and amortisation, or EBITDA, excluding other income increased 29.6% to Rs 385.4 crore. Reported profit after tax, or PAT, grew 32.3% from Rs 177.6 crore to Rs 234.9 crore.

Share India reported basic earnings per share of Rs 10.73 in H1FY27, compared with Rs 8.10 in H1FY26, an increase of 32.5%. The October 30, 2026 release describes the consolidated business update as provisional and unaudited, and says the board declared a second interim dividend of Rs 0.40 per share on shares with a face value of Rs 2 each.

Why did Share India’s H1FY27 margins improve?

Share India’s H1FY27 margins improved because EBITDA and reported PAT grew faster than income from operations. EBITDA growth of 29.6% exceeded the 23.3% rise in income, taking the EBITDA margin to 45.8% from 43.6% in H1FY26. This represented an increase of 222 basis points, with 100 basis points equal to one percentage point.

Share India’s reported PAT margin rose to 27.9% in H1FY27 from 26.0% a year earlier, an improvement of 188 basis points. The 32.3% PAT increase was 9 percentage points above the growth rate for income from operations. Its release identifies core broking, trading and merchant banking businesses as drivers of overall revenue and earnings before interest and tax growth, but does not provide first-half revenue or profit by business segment.

Which Share India businesses reported operating expansion?

Share India reported margin trading facility assets under management, or AUM, of Rs 588.5 crore as of September 30, 2026, compared with Rs 443 crore in Q2FY26. Its broking client base reached 48,877 from 46,549 in the same comparison, while its institutional client base expanded to 230 from 154.

Share India’s non-banking financial company, or NBFC, had AUM of Rs 288.7 crore as of September 30, 2026 and 36,668 clients supported by 70 branches. Net interest income, or NII, was Rs 24.2 crore in H1FY27. The company reported gross non-performing assets, or GNPA, of 2.89% and net non-performing assets, or NNPA, of 1.22%, describing both measures as improved.

Share India completed four initial public offering, or IPO, listings in Q2FY27, comprising one mainboard IPO and three small and medium enterprise IPOs. The quarter’s activity brought cumulative IPO listings to 27. Its merchant banking business also filed two mainboard draft red herring prospectuses, or DRHPs, in Q2FY27, which the company said supported its transaction pipeline.

Share India sold 1,622 insurance policies in Q2FY27 and collected insurance premium of Rs 14.5 crore, taking total lives covered to 105,784. Its digital distribution business reported total debt capital raised of Rs 408.6 crore as of H1FY27 and had facilitated 36 issuers to date. These metrics span different businesses and reporting periods, and the release does not provide comparable segment-level financial results.

What did Share India report for Q2FY27?

Share India reported consolidated income from operations of Rs 379.5 crore in Q2FY27, up 11.3% from Rs 341 crore in Q2FY26. EBITDA excluding other income increased 9.1% to Rs 173.7 crore, and reported PAT rose 10.0% to Rs 102.5 crore. Basic earnings per share increased 10.4% to Rs 4.69 from Rs 4.25.

Share India’s Q2FY27 margins declined against the prior-year quarter, unlike the first-half comparison. EBITDA margin was 45.8%, down 90 basis points from 46.7% in Q2FY26, while reported PAT margin was 27.0%, down 32 basis points from 27.3%. In the accompanying comment, the chief executive separately cited Q2FY27 revenue from operations of Rs 384.57 crore and EBITDA of Rs 174.72 crore; these amounts differ from the consolidated financial-highlight table and the release does not explain the difference.

What technology changes is Share India planning?

Share India had received in-principle board approval by October 30, 2026 to evaluate the proposed amalgamation of Ace Alpha Tech Limited with the company, subject to applicable regulatory and statutory approvals. The company said Ace Alpha’s capabilities in front-end development, application programming interface integration, analytics, risk and user management, product development and client solutions could complement Share India’s algorithmic trading, quantitative research and execution infrastructure.

Share India said the Ace Alpha proposal could create opportunities for technology integration, faster product development, enhanced client experience, cross-selling and broader deployment of technology solutions. The restructuring remains subject to approvals and completion. Separately, in its October 30, 2026 release, Share India said the amalgamation of Silverleaf Capital Services is intended to strengthen technology integration and its algorithmic trading ecosystem, while creating opportunities for business growth and global expansion.

Conclusion

Share India’s H1FY27 figures show profit grew faster than income from operations, with reported PAT increasing 32.3% to Rs 234.9 crore and EBITDA rising 29.6% to Rs 385.4 crore. The associated increases in EBITDA margin to 45.8% and PAT margin to 27.9% accompanied higher margin trading facility AUM, a larger institutional client base and activity across merchant banking, insurance and digital distribution.

The next disclosed matter to watch is the proposed Ace Alpha Tech amalgamation, which remained conditional on regulatory and statutory approvals and completion of the restructuring process as of October 30, 2026. Share India has also outlined the Silverleaf Capital Services amalgamation as part of its technology-integration plans, without disclosing a completion date or financial target.