Share India H1FY27 profit rises 32.3% as margin reaches 45.8%

Share India Securities Limited reported H1FY27 consolidated net profit of Rs 234.9 crore, up 32.3% year on year, as income from operations rose 23.3% to Rs 841.6 crore. EBITDA increased 29.6% to Rs 385.4 crore and its margin expanded 222 basis points to 45.8%, although Q2FY27 income and profit were below Q1FY27 levels.

What were Share India’s H1FY27 consolidated results?

Share India increased income from operations, EBITDA and reported net profit in H1FY27, with profit growing faster than income. Income from operations rose to Rs 841.6 crore from Rs 682.4 crore in H1FY26, while operating expenses increased 18.5% to Rs 456.2 crore. That produced EBITDA of Rs 385.4 crore, compared with Rs 297.4 crore a year earlier.

The EBITDA margin reached 45.8% in H1FY27 from 43.6% in H1FY26, a 222-basis-point increase. A basis point equals one-hundredth of a percentage point. Reported net profit margin rose 188 basis points to 27.9%, while reported net profit increased from Rs 177.6 crore to Rs 234.9 crore. Basic earnings per share increased 32.5% to Rs 10.73 from Rs 8.10.

How did Share India’s Q2FY27 compare with other quarters?

Share India’s Q2FY27 results exceeded Q2FY26 but moderated from Q1FY27. Income from operations was Rs 379.5 crore, up 11.3% from Rs 341 crore in Q2FY26 but below Rs 462.1 crore in Q1FY27. EBITDA was Rs 173.7 crore, 9.1% above the prior-year quarter and below Rs 211.8 crore in Q1FY27.

Q2FY27 EBITDA margin was 45.8%, unchanged from Q1FY27 and 90 basis points below Q2FY26’s 46.7%. Reported net profit was Rs 102.5 crore, up 10.0% from Rs 93.2 crore a year earlier but down from Rs 132.4 crore in Q1FY27. Net profit margin was 27.0%, compared with 28.6% in Q1FY27 and 27.3% in Q2FY26.

Finance costs increased to Rs 40.4 crore in Q2FY27 from Rs 36.7 crore in Q1FY27 and Rs 33.7 crore in Q2FY26. Profit before tax including exceptional items was Rs 133.5 crore, compared with Rs 174.5 crore in the preceding quarter, and Q2FY27 included exceptional items of Rs 8 lakh.

Which Share India segments changed most in Q2FY27?

Share India’s broking and trading segment remained its largest disclosed segment in Q2FY27, while merchant banking recorded the largest year-on-year revenue increase among the listed businesses. Broking and trading revenue was Rs 342.9 crore, compared with Rs 312.3 crore in Q2FY26, while EBIT, or earnings before interest and tax, rose to Rs 149.5 crore from Rs 146.4 crore. Its EBIT margin fell to 43.6% from 46.9%.

Merchant banking revenue increased to Rs 23.7 crore from Rs 14.9 crore, and EBIT rose to Rs 15.6 crore from Rs 6 crore. Its EBIT margin was 65.7%, above 40.4% in Q2FY26 and 61.2% in Q1FY27. Share India said it completed four initial public offering listings, including one mainboard and three small and medium enterprise listings, and filed two mainboard draft red herring prospectuses.

The non-banking financial company, or NBFC, segment reported revenue of Rs 12.3 crore, down from Rs 13.7 crore, but EBIT increased to Rs 8.4 crore from Rs 6.7 crore. Technology revenue rose to Rs 3.7 crore from Rs 3.2 crore and EBIT increased to Rs 1.5 crore from Rs 1 crore. Insurance revenue fell to Rs 1.8 crore from Rs 2.2 crore, with an EBIT loss of Rs 10 lakh against EBIT of Rs 10 lakh a year earlier.

What operating indicators did Share India report for Q2FY27?

Share India reported growth in margin trading facility assets under management, or AUM, and client counts, while average daily turnover declined. Margin trading facility AUM reached Rs 588.5 crore in Q2FY27, up 32.8% from Rs 443 crore in Q2FY26 and above Rs 465.5 crore in Q1FY27. The company attributed the increase to higher client participation and deeper customer engagement.

Broking clients rose to 48,877 from 46,549 a year earlier and 48,061 in Q1FY27. Institutional clients reached 230, compared with 154 in Q2FY26 and 212 in Q1FY27. Average daily turnover was Rs 7,100 crore, down from Rs 7,500 crore a year earlier and Rs 9,000 crore in the preceding quarter.

Mutual fund assets under advisory, or AUA, were Rs 225.6 crore in Q2FY27, compared with Rs 197 crore in Q2FY26 and Rs 230.7 crore in Q1FY27. Mutual fund customers increased to 20,563 from 14,699 a year earlier. Insurance policies sold fell to 1,622 from 1,808, while premium collected rose to Rs 14.5 crore from Rs 9.6 crore in Q1FY27.

What corporate actions and products did Share India disclose?

Share India disclosed a proposed amalgamation of Ace Alpha Tech intended to strengthen full-stack technology capabilities across algorithmic trading, research, platform integration and customised solutions. It also said the amalgamation of Silverleaf Capital Services is intended to enhance technology integration, strengthen its algorithmic-trading ecosystem and create synergies for business growth and global expansion.

The Share India Retail app includes a uAlgo tab with shared sessions and OneApp silent login. Disclosed functions include a natural-language stock screener, options-strategy concepts for NIFTY and BANKNIFTY, volatility index risk assessment, event monitoring and same-page backtesting. The presentation does not quantify these products’ contribution to Q2FY27 revenue or profit.

Share India declared a second interim dividend of Rs 0.40 per equity share with a face value of Rs 2 each. Q2FY27 basic earnings per share were Rs 4.69, up 10.4% from Rs 4.25 in Q2FY26 but below Rs 6.04 in Q1FY27.

Conclusion

Share India’s H1FY27 performance combined 23.3% income-from-operations growth with a 32.3% increase in reported net profit and a 222-basis-point EBITDA-margin expansion. Expenses grew more slowly than income in the half year, while broking and trading remained the largest reported Q2 segment and merchant banking increased revenue and EBIT year on year.

The next disclosed matters to watch are the proposed Ace Alpha Tech amalgamation, the Silverleaf Capital Services amalgamation and the merchant-banking pipeline following two mainboard draft red herring prospectus filings. Operating disclosures will also show whether margin trading facility AUM, at Rs 588.5 crore in Q2FY27, continues to rise and whether average daily turnover changes from Rs 7,100 crore.