Share India Securities Q2 FY27 Results: Consolidated Net Profit ₹103 Crore on Total Income of ₹385 Crore
Earnings
Stock broking and financial services
Blacklitt Research4 min read
Share India Securities (NSE: SHAREINDIA) reported consolidated total income of ₹384.57 crore and consolidated net profit of ₹102.53 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹361.82 crore and standalone net profit of ₹75.04 crore, it said in a filing on 30 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹384.57 crore, up 11.1% YoY and down 17.4% QoQ
Net profit: ₹102.53 crore, up 10.0% YoY and down 22.5% QoQ
EPS: Basic ₹4.69, against ₹4.25 a year earlier and ₹6.04 in Q1 FY27
Finance costs: ₹40.40 crore, up 19.8% YoY
Standalone
The company on its own, without its subsidiaries
Total income: ₹361.82 crore, up 33.7% YoY and down 1.5% QoQ
Net profit: ₹75.04 crore, up 2.3% YoY and down 24.0% QoQ
EPS: Basic ₹3.43, against ₹3.35 a year earlier and ₹4.51 in Q1 FY27
Finance costs: ₹39.26 crore, up 45.9% YoY
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
384.57
346.23
+11.1%
465.38
-17.4%
Revenue from operations
379.50
340.96
+11.3%
462.08
-17.9%
Other income
5.06
5.27
-3.9%
3.30
+53.4%
102.53
93.22
+10.0%
132.35
-22.5%
Profit before tax
133.48
126.46
+5.6%
174.45
-23.5%
Finance costs
40.40
33.73
+19.8%
36.68
+10.1%
Depreciation
4.05
4.23
-4.3%
3.90
+3.9%
Tax expense
30.95
33.24
-6.9%
42.09
-26.5%
Net profit margin
26.66%
26.92%
-0.26 pp
28.44%
-1.78 pp
EPS, basic (₹)
4.69
4.25
+10.4%
6.04
-22.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit grew more slowly than total income over the year. Tax expense fell 6.9% to ₹30.95 crore, a tax rate of 23.2% of profit before tax, against ₹33.24 crore a year earlier.
Revenue from operations rose 11.3% to ₹379.50 crore, while other income fell 3.9% to ₹5.06 crore. Other income is 1.3% of total income this quarter and 3.8% of profit before tax. Finance costs of ₹40.40 crore are 10.5% of total income, up from ₹33.73 crore a year earlier.
Against the prior quarter, consolidated profit fell 22.5% and profit before tax fell 23.5%. The filing's comparatives for 30 Jun 2026 were restated for the Silverleaf amalgamation, with revenue from operations restated from ₹448.09 crore to ₹462.08 crore. The consolidated results carry an exceptional item of ₹83.50 lakh from the termination settlement at Utrade Solutions Private Limited. The statement attributes ₹101.64 crore of the ₹102.53 crore net profit to owners of the company.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
361.82
270.71
+33.7%
367.38
-1.5%
Revenue from operations
296.53
265.20
+11.8%
363.54
-18.4%
Other income
5.29
5.50
-3.8%
3.85
+37.6%
75.04
73.34
+2.3%
98.80
-24.0%
Profit before tax
95.06
98.73
-3.7%
131.14
-27.5%
Finance costs
39.26
26.92
+45.9%
29.12
+34.8%
Depreciation
3.10
3.34
-7.1%
3.06
+1.3%
Tax expense
20.02
25.39
-21.1%
32.34
-38.1%
Net profit margin
20.74%
27.09%
-6.36 pp
26.89%
-6.15 pp
EPS, basic (₹)
3.43
3.35
+2.4%
4.51
-23.9%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 33.7% year on year, but net profit rose only 2.3% and profit before tax fell 3.7%.
Other income is 5.6% of profit before tax of ₹95.06 crore.
Against the prior quarter, standalone net profit fell 24.0% and profit before tax fell 27.5%. Standalone net profit is ₹27.49 crore lower than consolidated net profit, and the standalone net profit margin is 20.74%, down from 27.09% a year earlier. The auditors drew attention to Note 10 on the Silverleaf composite scheme of amalgamation and did not modify their conclusion.
The board approved a second interim dividend of Re. 0.40 per equity share of ₹2 face value for FY 2026-27. The board also approved the proposed amalgamation of Ace Alpha Tech Limited as a going concern, subject to a valuation report and a detailed scheme to come before the board later, and approved raising up to ₹100.00 crore through NCDs, commercial papers or other debt instruments on a private placement basis.
The company completed the 100% acquisition of Enshrine Leasing and Infotech Private Limited on 17 Sep 2026, and fully redeemed its Series A and Series B NCDs on 30 Sep 2026, before scheduled maturity. Its subsidiary Silverleaf Securities Research Private Limited made a rights issue in which the company did not participate, reducing the company's holding from 73.09% to 64.81%.
Inference
The filing sets out several capital steps: a second interim dividend of Re. 0.40 per share, a debt raise of up to ₹100.00 crore, a preferential issue of convertible warrants of up to ₹200.00 crore approved on 21 Sep 2026, and an investment of up to ₹120.00 crore in a new subsidiary. The filing does not say whether the warrant issue or the subsidiary investment has been made, what the new subsidiary will do, or why the Series A and B NCDs were redeemed early.
The consolidated debt equity ratio is 0.31 and the standalone ratio is 0.35, both as reported in the filing. The filing does not state the reason for the change in net gain on fair value changes or the reason the company did not take part in the Silverleaf rights issue.
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SHAREINDIAShare India Securities Ltd.