share india securities reported a consolidated net profit of ₹1,244 Mn for Q1FY27, marking a 47.2% year-on-year increase from ₹844 Mn in the corresponding period of FY26. The surge was driven by a 31.3% rise in revenue from operations to ₹4,481 Mn and an expansion in EBITDA margins to 44.77%. During the earnings call held on July 27, 2026, management attributed the performance to operational leverage in the broking business and improved asset quality in the NBFC segment. The company also reaffirmed its guidance for approximately 20% revenue growth in FY27, citing strong momentum in retail expansion and wealth management products.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vikas Aggarwal, Company Secretary & Compliance Officer (M. No.: F5512), signed the communication filed with BSE Limited and National Stock Exchange of India Limited. The transcript reveals that Managing Director Kamlesh Shah and CEO Sachin Gupta emphasized the company’s resilience against regulatory headwinds, including tighter RBI funding norms for proprietary desks.

Financial Performance Overview

Note: Consolidated revenue figures reflect investor presentation data.

Operational Highlights and Growth Initiatives

The broking business saw the total client base reach 48,061, with average daily turnover at ₹90 Bn. Institutional clients grew to 212, representing a 15% increase from Q4FY26. Margins Trading Facility (MTF) Assets Under Management (AUM) increased 47.8% year-on-year to ₹4,655 Mn. Management stated that MTF is a key driver for sustainable revenue and client retention.

In the NBFC segment, the loan book totaled ₹2,682 Mn with disbursements of ₹799 Mn during the quarter. Asset quality improved significantly, with Gross Non-Performing Assets (GNPA) declining by 25 basis points quarter-on-quarter to 4.05%, and Net Non-Performing Assets (NNPA) falling by 40 bps to 2.26%. Return on Assets (ROA) rose to 1.71% from 1.55% in Q4FY26.

New ventures contributed positively to the bottom line. Share India Cred, launched in Q1FY27, underwrote six NCD issues worth ₹74 Mn, generating an EBITDA of ₹1.08 Mn and PAT of ₹40 Lakhs. The Portfolio Management Services (PMS) division, also launched in Q1, recorded an AUM of ₹150 Mn, with a target of ₹250 Mn by year-end. Additionally, the GIFT City international trading desk turned profitable, contributing approximately ₹2 Mn.

Strategic Expansion and Funding

Management outlined a plan to open 30 branches in Tier-3 cities over the next 24 months, with seven already operational in cities like Banaras, Indore, and Hyderabad. Each branch is expected to break even within eight months upon achieving an MTF book of ₹150 Mn. To support this expansion and counter RBI restrictions on proprietary desk funding, the company initiated a Commercial Paper program backed by a Crisil A1+ rating and is progressing with a Non-Convertible Debenture (NCD) issuance.

What the Numbers Show

The disproportionate growth in consolidated EBITDA (45.2%) relative to revenue (31.3%) indicates significant operating leverage, likely driven by scale efficiencies in the broking business and lower funding costs or better asset quality in the NBFC segment. The expansion in MTF AUM by nearly 48% suggests growing customer engagement in leveraged trading products, which typically carry higher margins. Meanwhile, the improvement in NBFC asset quality—evidenced by declining GNPA and NNPA—supports the sustainability of earnings growth in this segment. The divergence between standalone losses and consolidated profits highlights the significant contribution of subsidiaries to the group's overall profitability.

Share India Securities reported a 32% year-on-year increase in consolidated net profit to ₹1,244.11 lakh for the quarter ended June 30, 2026, primarily driven by higher revenues from its core share broking and trading operations. Consolidated revenue from operations grew 31% YoY to ₹4,480.93 lakh. Standalone net profit also rose 32% YoY to ₹908.54 lakh, with standalone revenue increasing 28% YoY to ₹3,495.50 lakh. The strong top-line growth translated into improved profitability margins across both standalone and consolidated structures.

The Board of Directors, meeting on July 24, 2026, approved the unaudited standalone and consolidated financial results in compliance with Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors M S K A & Associates LLP issued limited review reports with unmodified conclusions on the financial statements. The Board also declared a first interim dividend of ₹0.50 per equity share of ₹2 face value each for the financial year 2026-27.

Financial Performance Highlights

The company’s financial metrics for Q1FY26 reflect significant improvement over the corresponding period last year. Key figures are detailed below:

Consolidated basic earnings per share (EPS) rose 47% YoY to ₹5.67, compared to ₹3.86 in Q1FY25. Standalone basic EPS increased 32% YoY to ₹4.15 from ₹3.15. The expansion in operating margins indicates improved cost efficiency alongside revenue growth.

Segmental Analysis

The share broking and trading business remains the primary driver of value creation. In Q1FY26, this segment contributed ₹4,265.80 lakh to consolidated segment revenue, up from ₹3,224.37 lakh in Q1FY25. The segment’s profit before tax and finance charges surged to ₹1,884.58 lakh from ₹1,303.95 lakh in the same period last year.

Other segments showed mixed performances. The NBFC business generated ₹145.66 lakh in revenue with a profit before tax and finance charges of ₹81.55 lakh. Merchant banking revenue rose to ₹50.31 lakh from ₹27.24 lakh, while insurance business revenue declined slightly to ₹16.89 lakh from ₹23.65 lakh. Technology services revenue increased modestly to ₹36.88 lakh from ₹31.57 lakh.

Strategic Developments and Capital Management

Beyond financial results, the Board approved several strategic initiatives during its July 24 meeting. These include the acquisition of 100% equity share capital of Enshrine Leasing and Infotech Private Limited, signaling continued expansion into allied financial services. Additionally, the Board authorized the issuance of Non-Convertible Debentures (NCDs) or Commercial Papers up to ₹2,000.00 lakh on a private placement basis to optimize its capital structure.

The Finance Committee had previously approved specific NCD issuances. On June 18, 2026, it approved the issuance of up to 50,000 NCDs (Series C) with a face value of ₹10,000 each. Allotment for these was approved on July 08, 2026. Subsequently, on July 20, 2026, the committee approved the issuance of up to 1,50,000 NCDs (Series D) with a similar face value.

Regarding existing debt, the Board approved the early redemption of 9,990 NCDs aggregating to ₹99.90 crore (Series A & B) issued in June 2025. This decision followed practical difficulties in obtaining approvals for revising the end-use of proceeds from NCD holders, the Debenture Trustee, and stock exchanges, as required under SEBI regulations.

What the Numbers Show

The divergence between standalone and consolidated EPS growth highlights the contribution of subsidiaries. While standalone EPS grew 32%, consolidated EPS grew 47%, indicating that subsidiaries delivered disproportionately higher returns in Q1FY26 compared to the previous year. The debt-equity ratio remained healthy at 0.21 times on a consolidated basis, down slightly from 0.25 times in the preceding quarter, reflecting a conservative leverage posture despite active fundraising through NCDs.