Share India Securities Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Share India Securities Ltd filed with BSE on 31 Jul 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Share India reported standalone revenue growth of 28% year-on-year to Rs. 349 crore and standalone PAT growth of 32% to Rs. 90.85 crore for Q1 FY27, while consolidated revenue rose 31% to Rs. 448 crore and consolidated PAT rose 48% to Rs. 124.41 crore. Management attributed the performance to diversification across broking, MTF, PMS, merchant banking, GIFT City and Share India Cred, alongside advance preparation for regulatory changes in derivatives and prop-desk funding norms. Management also outlined plans for new NCD and commercial paper issuances, branch expansion in Tier-3 cities, and launches of AIF and wealth distribution businesses later in the fiscal year.
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Numbers mentioned
Standalone revenue from operations: Rs. 349 crore (Q1 FY27)
p. 3
“During the quarter, our standalone revenue from the operation increased by 28% year-on-year basis to Rs. 349 crores, while profit after tax grew by 32% to Rs. 90.85 crore.”
Kamlesh Shah, page 3 of the filed PDF · View the filing
Standalone PAT: Rs. 90.85 crore (Q1 FY27)
p. 3
“During the quarter, our standalone revenue from the operation increased by 28% year-on-year basis to Rs. 349 crores, while profit after tax grew by 32% to Rs. 90.85 crore.”
Kamlesh Shah, page 3 of the filed PDF · View the filing
Consolidated revenue from operations: Rs. 448 crore (Q1 FY27)
p. 3
“Revenue from operation increased by 31% year-on-year basis to Rs. 448 crores, while profit after tax rose by 48% to Rs. 124.41 crore.”
Kamlesh Shah, page 3 of the filed PDF · View the filing
Consolidated PAT: Rs. 124.41 crore (Q1 FY27)
p. 3
“Revenue from operation increased by 31% year-on-year basis to Rs. 448 crores, while profit after tax rose by 48% to Rs. 124.41 crore.”
Kamlesh Shah, page 3 of the filed PDF · View the filing
Consolidated PAT sequential growth: 114% (Q1 FY27 vs Q4 FY26)
p. 3
“Compared to the previous quarter, consolidated PAT more than doubled, registering an impressive 114% sequential growth.”
Kamlesh Shah, page 3 of the filed PDF · View the filing
Consolidated net worth: approximately Rs. 2760 crore (as of 30th June 2026)
p. 3
“As of 30th June 2026, our net worth stood at approximately Rs. 2760 crore on consolidated basis, providing us with a strong capital base to support business expansion while maintaining financial flexibility.”
Kamlesh Shah, page 3 of the filed PDF · View the filing
MTF book: around Rs. 470 crore (end of Q1 FY27)
p. 5
“So, retail business is showing good results and as MTF book stands around Rs. 470-odd crores at the end of Q1.”
Sachin Gupta, page 5 of the filed PDF · View the filing
PMS AUM: Rs. 150 crore (end of Q1 FY27)
p. 5
“We launched our PMS in Q1 and at the end of Q1 our PMS AUM and the direct PMS and advisory stands at Rs. 150 crores.”
Sachin Gupta, page 5 of the filed PDF · View the filing
Institutional active clients: 212 (Q1 FY27)
p. 5
“So, right now after the Q1 our institutional active clients stand at 212 versus 186 clients till Q4.”
Sachin Gupta, page 5 of the filed PDF · View the filing
uTrade subscription growth: 20% (between Q4 FY26 and Q1 FY27)
p. 6
“There we have seen a 20% growth into the subscriptions between Q4 and Q1.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Share India Cred underwriting sales: Rs. 74 crore (Q1 FY27)
p. 6
“1st Quarter they have done the sales of around Rs. 74 crores.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Share India Cred EBITDA: Rs. 1.08 crore (Q1 FY27)
p. 6
“They have underwritten Rs. 74 crores and they have done six issues and with EBITDA of Rs. 1.08 crores and PAT of Rs. 40 lakhs.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Share India Cred PAT: Rs. 40 lakh (Q1 FY27)
p. 6
“They have underwritten Rs. 74 crores and they have done six issues and with EBITDA of Rs. 1.08 crores and PAT of Rs. 40 lakhs.”
Sachin Gupta, page 6 of the filed PDF · View the filing
GIFT City profit: around Rs. 2 crore (Q1 FY27)
p. 6
“So, around Rs. 2 odd crores.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Main board IPO amount raised: Rs. 167 crore (Q1 FY27)
p. 6
“And today when we are speaking, we have just finished our first main board IPO and we raised on Rs. 167 crores.”
Sachin Gupta, page 6 of the filed PDF · View the filing
IPO subscription level: more than 12x (Q1 FY27)
p. 6
“And the overall subscription till now is more than 12x into this challenging market.”
Sachin Gupta, page 6 of the filed PDF · View the filing
Prop share of profitability: around 52% (Q1 FY27)
p. 10
“In terms of distribution, our current prop to distribution is in what has been our average of around 52% is from prop and around 48% is from the broking business.”
Abhinav Gupta, page 10 of the filed PDF · View the filing
Prop share of revenue: approximately 60% (58% to 60%) (Q1 FY27)
p. 12
“So, in terms of percentage of revenue, it would be approximately 60%. If I have to give a ballpark figure, it would be around 58% to 60% as well.”
Abhinav Gupta, page 12 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Overall growth — around 20% · current financial year
stated conditionally by Kamlesh Shah
p. 4
“Subject to overall market condition, we remain confident of delivering around 20% growth during the current financial year.”
Kamlesh Shah, page 4 of the filed PDF · View the filing
MTF book — Rs. 1000 crore · next two years
stated as an aspiration by Sachin Gupta
p. 5
“So, Rs. 470 crore is the number and by next two years our target is touch four figures, Rs. 1000 crore book we are targeting in next two years.”
Sachin Gupta, page 5 of the filed PDF · View the filing
PMS AUM — around Rs. 250 crore · end of financial year
stated as an aspiration by Sachin Gupta
p. 5
“That's a very decent number as the PMS was launched in Q1 only and our target by end of financial year anywhere around Rs. 250 odd crores.”
Sachin Gupta, page 5 of the filed PDF · View the filing
AIF launch — Q3 FY27
stated firmly by Abhinav Gupta
p. 9
“And we should be able to initiate our process in Q3 of current fiscal year.”
Abhinav Gupta, page 9 of the filed PDF · View the filing
Branch network — 25 to 30 branches · next 24 months
stated as an aspiration by Sachin Gupta
p. 7
“So, for the next 24 months, we were hopeful that we will be able to open around 30 branches, 25 to 30 branches.”
Sachin Gupta, page 7 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said each branch targets 8 months to become profitable, based on achieving Rs 15 crore MTF book, with a hard stop if not profitable within 12 months.
Answered by Sachin Gupta
Asked by Shubhi: What is the expected payback period for new Tier-3 city branches given lower ticket sizes?
p. 7
“So, our goal is 8 months branch should be at par within 8 months.”
Sachin Gupta, page 7 of the filed PDF · View the filing
Management said they could not comment on stock price, attributing performance to factors beyond the company's control amid an industry consolidation period.
Answered by Sachin Gupta
Asked by Pooja Patel: Why is the stock not performing well despite low PE and high growth?
p. 8
“So, we cannot comment on the stock price and the stock performance.”
Sachin Gupta, page 8 of the filed PDF · View the filing
Management said the AIF application is under process and expected to be initiated in Q3 of the current fiscal year.
Answered by Abhinav Gupta
Asked by Pooja Patel: When will the company launch its AIF product?
p. 9
“As explained by Sachin sir earlier in his commentary, AIF is application under process.”
Abhinav Gupta, page 9 of the filed PDF · View the filing
Management explained the acquisition of Enshrine/Silverleaf-related entity was primarily to obtain office space in Mumbai valued at over Rs 42 crore, alongside technology capability.
Answered by Kamlesh Shah
Asked by Pooja Patel: What is the purpose of acquiring the Bombay-based tech/property company?
p. 11
“See, the basic idea of acquiring this property was to get a new office in Mumbai.”
Kamlesh Shah, page 11 of the filed PDF · View the filing
Management said diversification into MTF-based lending income and multiple transaction businesses drove growth, with prop contributing around 52% of profitability and broking 48%.
Answered by Abhinav Gupta
Asked by Rohan: What were the key drivers of broking and trading performance, and what is the prop vs broking split?
p. 10
“In terms of distribution, our current prop to distribution is in what has been our average of around 52% is from prop and around 48% is from the broking business.”
Abhinav Gupta, page 10 of the filed PDF · View the filing
Management said the value reflected the underlying Mumbai property of about 18,000 square feet in a prime location, not the company's operating turnover.
Answered by Kamlesh Shah
Asked by Chirag Sehgal: Why was the Enshrine acquisition valued at up to Rs 45 crore given the target's small turnover?
p. 11
“And the value of property itself is more than Rs. 42 crores.”
Kamlesh Shah, page 11 of the filed PDF · View the filing
Management said prop used to contribute around 90% of revenue and 70-75% of profitability eight to nine years ago, versus lower dependence now due to diversification.
Answered by Abhinav Gupta
Asked by Chirag Sehgal: How has the prop business's share of revenue and profit changed over the years?
p. 12
“prop business used to contribute around 90% of our revenue and around 70-75% of our profitability.”
Abhinav Gupta, page 12 of the filed PDF · View the filing
Risks flagged
Regulatory changes in derivatives and prop-desk funding norms creating industry headwinds
p. 2
“the capital market industry witnessed significant changes, including regulatory measures introduced by SEBI in derivative segment and tighter funding norms prescribed by Reserve Bank of India for top-desk trading.”
Kamlesh Shah, page 2 of the filed PDF · View the filing
Geopolitical uncertainty and market volatility during the quarter
p. 2
“The 1st Quarter was characterized by a rapidly evolving regulatory landscape, heightened geopolitical uncertainties and continued volatility in the global financial market.”
Kamlesh Shah, page 2 of the filed PDF · View the filing
High volatility in mid-cap and small-cap stocks affecting MTF book growth
p. 5
“So, despite the extreme volatility due to international factors, markets, especially mid-cap, small-cap stocks are extremely volatile.”
Sachin Gupta, page 5 of the filed PDF · View the filing
Branches that fail to become profitable are shut down after a hard stop period
p. 8
“And if some branches are not profitable, even after 12 months, then there is a hard stop after 12 months.”
Sachin Gupta, page 8 of the filed PDF · View the filing
Industry-wide consolidation period slowing growth and affecting stock performance
p. 8
“This is a consolidation period for the industry.”
Sachin Gupta, page 8 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.