1,300 per cent returns: Multibagger small-cap company reports stellar Q1FY24 results and declares Rs 2/share dividend - Check the record date!
The stock has a PE of 11.10x whereas the sectoral PE is 31.80x and a ROE of 45.10 per cent.
Share India Securities Ltd (BSE: 540725, NSE: SHAREINDIA), one of India’s leading tech-based financial services-provider, the Board of Directors of the company has approved the unaudited financial results of the company for the first quarter ended on June 30, 2023. The board further approved the declaration of the 1st interim dividend of Rs 2/share for FY 23-24. The company verified the record date for the interim dividend as Wednesday, August 02, 2023.
Standalone Quarterly Results (Q1FY24):
- Revenue from Operations grew by 20.15 per cent from Rs 230.80 crore inQ1FY23 to Rs 277.31 crore in Q1FY24 primarily driven by growth in share broking business or trading activity and improved focus on customer retention by offering various products like Utrade algo’s and MTF.
- EBITDA increased by 38.61 per cent from Rs 90.88 crore in Q1FY23 to Rs 125.96 crore in Q1FY24.
- EBITDA margins increased from 38.96 per cent in Q1FY23 to 45.20 per cent in Q1FY24 by 624bps.
- PAT increased by 39.03 per cent from Rs 59.18 crore in Q1FY23 to Rs 82.28 crore in Q1FY24.
- PAT margins increased from 25.37 per cent in Q1FY23 to 29.52 per cent in Q1FY24 by 415 bps.
Management added: “We are excited to share our strategic focus on the retail Algo trading platform, uTrade Algos. This cutting-edge Algorithmic Trading Platform empowers users to Plan, Strategize, and Automate trades while also having the option to subscribe to Pre-made Algos. We believe that by making algorithms easier and more accessible for everyone, we can drive innovation and transform the landscape of the financial industry. At Share India, we have always been committed to delivering high-quality fintech solutions, and our dedication to developing technology that adds value to our customers remains unwavering.”
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Share India Securities has a market cap of Rs 3,900 crore. The stock has a PE of 11.10x whereas the sectoral PE is 31.80x and a ROE of 45.10 per cent.
On Thursday, shares of the company surged 0.08 per cent to Rs 1,191.50 per share with a day high of Rs 1,214 and a low of Rs 1,183.70. The stock gave 16 per cent in 1 year, over 140 per cent in the last 2 years and over 1,300 per cent in 3 years. Investors should keep an eye on this multibagger small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.