Share India Securities Limited Q2 FY27 profit rises 10%

Share India Securities Limited reported consolidated profit after tax of Rs 102.5 crore for Q2 FY27, 10.0% above Q2 FY26. Share India’s income from operations increased 11.3% year on year to Rs 379.5 crore, while earnings before interest, tax, depreciation and amortisation stood at Rs 173.7 crore.

How did Share India perform in Q2 FY27?

Share India increased reported profit after tax to Rs 102.5 crore in Q2 FY27 from Rs 93.2 crore in Q2 FY26, while income from operations rose by Rs 38.5 crore to Rs 379.5 crore. The company reported that quarterly earnings growth broadly followed the increase in operating income for the quarter ended September 30, 2026.

Earnings before interest, tax, depreciation and amortisation, or EBITDA, excluding other income rose 9.1% to Rs 173.7 crore from Rs 159.1 crore. EBITDA margin was 45.8%, compared with 46.7% a year earlier, a decline of 0.9 percentage points. Reported profit after tax margin was 27.0%, against 27.3% in Q2 FY26, down 0.3 percentage points.

Share India reported basic earnings per share of Rs 4.69 for Q2 FY27, compared with Rs 4.25 in Q2 FY26, an increase of 10.4%. The board also declared a second interim dividend of Rs 0.40 per share on shares with a face value of Rs 2 each.

What were Share India’s half-year FY27 results?

Share India reported faster growth in H1 FY27 than in the second quarter alone, with reported profit after tax increasing 32.3% to Rs 234.9 crore from Rs 177.6 crore in H1 FY26. Income from operations grew 23.3% to Rs 841.6 crore in the six-month period from Rs 682.4 crore a year earlier.

H1 FY27 EBITDA excluding other income rose 29.6% to Rs 385.4 crore, compared with Rs 297.4 crore in H1 FY26. The half-year EBITDA margin increased to 45.8% from 43.6%, while the reported profit after tax margin rose to 27.9% from 26.0%.

The contrast between the periods was visible in margins. Q2 FY27 EBITDA margin of 45.8% was below the 46.7% reported a year earlier, whereas H1 FY27 margin was 2.2 percentage points above the prior-year half. Half-year basic earnings per share reached Rs 10.73, compared with Rs 8.10 in H1 FY26, up 32.5%.

How did Share India’s broking and NBFC operations expand?

Share India’s margin trading facility assets under management, or AUM, increased to Rs 588.5 crore as of September 30, 2026, from Rs 443.0 crore in Q2 FY26. Its broking client base reached 48,877, compared with 46,549 a year earlier, while institutional clients increased to 230 from 154.

The increase of 76 institutional clients was larger in percentage terms than the addition of 2,328 broking clients, based on the disclosed Q2 FY26 comparisons. Share India said the institutional-client expansion reflected progress in strengthening its institutional segment, alongside its margin-trading offering.

In the non-banking financial company, or NBFC, segment, AUM stood at Rs 288.7 crore on September 30, 2026. The NBFC had 36,668 clients and a network of 70 branches, while net interest income for H1 FY27 was Rs 24.2 crore.

Share India reported gross non-performing assets, or GNPA, of 2.89% and net non-performing assets, or NNPA, of 1.22% in its NBFC business. The company said asset-quality indicators improved, but did not provide comparative GNPA or NNPA figures in the release.

What did Share India disclose about other businesses and technology?

Share India completed four initial public offering, or IPO, listings in Q2 FY27, comprising one mainboard IPO and three small and medium enterprise IPOs. The merchant-banking segment had completed 27 IPO listings in total and filed two mainboard draft red herring prospectuses during the quarter, adding to its stated transaction pipeline.

In insurance, Share India sold 1,622 policies in Q2 FY27 and collected premium of Rs 14.5 crore. Total lives covered reached 105,784, while the company disclosed a broader client base that included 20,563 mutual-fund clients and 242 broking branches and franchisees.

The digital-distribution business had raised Rs 408.6 crore of debt capital by H1 FY27 and facilitated 36 issuers to date. These activities sit alongside the broking, NBFC, merchant-banking and insurance operations detailed in the September 30, 2026 update.

Share India said its board had granted in-principle approval to evaluate the proposed amalgamation of Ace Alpha Tech Limited with the company, subject to regulatory and statutory approvals. Management said Ace Alpha’s front-end development, application programming interface integration, analytics, risk and user management, and product-development capabilities are expected to complement the group’s algorithmic trading and execution infrastructure.

The company also described the amalgamation of Silverleaf Capital Services as a step toward technology integration and its algorithmic-trading ecosystem. Neither restructuring was presented as completed in the October 30, 2026 release, and the Ace Alpha proposal remained subject to approvals and completion of the restructuring process.

Conclusion

Share India’s Q2 FY27 results showed income from operations rising 11.3% to Rs 379.5 crore and reported profit after tax rising 10.0% to Rs 102.5 crore, with both EBITDA and profit margins modestly below Q2 FY26. Over H1 FY27, income, EBITDA and reported profit each grew faster than in the quarter, and the half-year margins increased from H1 FY26.

The next disclosed items to watch are the regulatory and statutory approval process for the proposed Ace Alpha Tech amalgamation and the completion of the Silverleaf Capital Services amalgamation. Operationally, future updates can show whether Share India’s Rs 588.5 crore margin-trading AUM, Rs 288.7 crore NBFC AUM, 230 institutional clients and two mainboard draft prospectus filings translate into further business progress.