Share India Securities Reports Strong Financial Performance in Q1 FY25

Jul 26 2024 10:30 AM IST
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Share India Securities, a midcap finance and NBFC company, has announced its financial results for the quarter ending March 2024. According to MarketsMojo, the stock call for the company is 'Sell', but it has shown positive performance with a score of 9 out of 10. Net sales and profit after tax have increased, but non-operating income may not be sustainable.

Share India Securities, a midcap finance and NBFC company, has recently announced its financial results for the quarter ending March 2024. The results have been declared on July 25, 2024.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Share India Securities is ‘Sell’. However, the company has shown positive financial performance in the quarter ending June 2024, with a score of 9 out of 10. This is a slight decrease from the previous quarter’s score of 10.


One of the key highlights of the financial results is the growth in net sales, which has increased by 49.36% year on year to reach Rs 414.18 crore. This indicates a strong sales trend in the near term for Share India Securities. Additionally, the company’s profit after tax (PAT) has also shown a positive growth of 25.2% year on year, reaching Rs 102.80 crore. This suggests a positive trend in the near term for the company’s profitability.


However, one area of concern for Share India Securities is the non-operating income, which has reached its highest in the last five quarters at Rs 6.72 crore. This increase in income from non-business activities may not be sustainable in the long term.


Overall, Share India Securities has shown a positive financial performance in the quarter ending June 2024, with strong growth in net sales and PAT. However, investors should keep an eye on the company’s non-operating income to ensure its sustainability.


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