Share India Securities Ltd (NSE:SHAREINDIA)
₹ 193.49 +2.76 (+1.45%) Market Cap: 42.36 Bil Enterprise Value: 15.63 Bil PE Ratio: 13.15 PB Ratio: 1.60 GF Score: 75/100

Q3 2025 Share India Securities Ltd Earnings Call Transcript

Jan 30, 2025 / 09:30AM GMT
Release Date Price: ₹236 (+0.85%)

Key Points

Positve
  • Share India Securities Ltd (BOM:540725) has strategically invested in the Metropolitan Stock Exchange of India, holding approximately 5% of its equity, which is expected to increase market reach and open new business opportunities.
  • The company is expanding into wealth management and has applied for PMS registration, aiming to position itself as a comprehensive financial service provider.
  • Share India Capital Services, a wholly-owned subsidiary, has successfully completed 16 SME IPOs across 11 sectors, showcasing strong performance in merchant banking.
  • The company's NBFC subsidiary, Share India Fincap, has completed its first non-convertible debenture issue, with a loan book of INR253 crores and a net worth exceeding INR120 crores.
  • The institutional desk and MTFs are performing well, with the company servicing approximately 115 institutional clients and an MTF book of INR361 crores for the nine-month period ending December.
Negative
  • Share India Securities Ltd (BOM:540725) experienced a significant decline in consolidated revenue by 24% and PAT by 34% on a quarter-on-quarter basis, reflecting challenging market conditions.
  • The company's standalone revenue decreased by 29% and standalone profit after tax fell by 39% on a quarter-on-quarter basis, indicating financial pressure.
  • New regulatory changes have led to temporary disruptions in volume, affecting the company's turnover and creating challenges in adapting to the new environment.
  • The company's daily trading volume dropped from INR10,400 crores in Q2 to INR8,200 crores in Q3, highlighting a decrease in market activity.
  • The implementation of new regulations has resulted in low liquidity and unwarranted spikes in indices, impacting the company's trading operations.
Operator

Ladies and gentlemen, good day. And welcome to the Share India Securities Limited conference call.

(Operator Instructions) Please note that this call is being recorded.

I now hand the conference over to Mr. Amit Sharma from Adfactors PR. Thank you and over to you.

Amit Sharma
Adfactors PR - Investor Relations

Thank you. Good afternoon, everyone. On behalf of the entire management, I thank all the participants present on the call and wish you a very warm welcome to our Q3 and 9M FY25 earnings conference call.

To guide us through the results today, we have, with us, the senior management team of Share India Securities Limited, represented by Mr. Kamlesh Shah, Managing Director; Mr. Sachin Gupta, CEO and Whole-Time Director; Mr. Rajesh Gupta, Director; and Mr. Abhinav Gupta, President, Capital Markets.

Before we begin, I would like to state that some of the statements made in today's discussion may be forward-looking in nature. The actual results may vary as they are dependent on several external factors.

We will

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