Share India Securities announced its Q1 FY25 results

29 July 2024

Share India Securities has recently released its financial results for Q1 FY25. The company's total income has seen a significant (Y-o-Y) growth of 51.0%, rising from Rs. 279 Cr in Q1 FY24 to Rs. 421 Cr. in Q1 FY25. There has been a 984.9% increase in the sale of goods, there has been a 56.5% increase in interest income. The major source of the company's income is from gain on fair value changes which has seen a jump of 38.0%. However, on the expense side, the finance cost has seen a 23.9% rise, and employee benefit expenses almost doubled from Rs. 53 Cr to Rs. 101 Cr. Despite the increased profit, the net margin saw a decline of 5.5%. Nevertheless, the bottom line of the company has seen an increment of 24.7% from Rs. 82 Cr in Q1 FY24 to Rs. 103 Cr in Q1 FY25.