Share India Securities Reports Mixed Financial Results Amid Debt Reduction Efforts

Share India Securities has reported its financial results for the quarter ending December 2024, revealing notable trends in its performance. The company has experienced a revision in its evaluation, with its score reflecting a shift from 9 to -10 over the past three months.
On a positive note, Share India Securities has achieved a significant reduction in its Debt-Equity Ratio, now at 0.15 times, marking the lowest level in the last five half-yearly periods. This indicates a strategic move towards minimizing borrowing relative to equity capital.

Conversely, several key financial metrics indicate challenges for the company. Profit Before Tax less Other Income (PBT) has recorded a decline, standing at Rs 104.45 crore, which represents a year-on-year decrease of 30.58%. Similarly, Profit After Tax (PAT) has also fallen to Rs 81.96 crore, down 29.1% year-on-year. Additionally, net sales have reached their lowest point in five quarters at Rs 342.20 crore, reflecting an 8.44% year-on-year decline. Operating Profit has similarly decreased, with the latest figure at Rs 131.25 crore, the lowest in the same timeframe. Earnings per Share (EPS) have also dropped to Rs 3.76, indicating a decline in profitability.

Overall, Share India Securities is navigating a complex financial landscape, with both positive adjustments in its capital structure and significant challenges in profitability and sales performance.

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