Rs 3 Dividend: Share India Securities reports 24% PAT growth in Q3FY24

Small-cap company Share India Securities has released its financial results and announced an interim dividend for shareholders.

The company has announced a dividend of Rs 3 per share for FY24. "The board of directors are pleased to recommend an interim dividend of Rs. 3 per share of face value Rs.10 each," the company said in a release.

Share India Securities has also recorded a net profit of Rs 115 crore in Q3FY24 up by 24.4 per cent YoY from Rs 93 crore in Q3FY23.

The company has informed the stock exchange that its revenue from operations stood at Rs 374 crore and its EBITDA stood at Rs 183 crore. Its EBITDA has increased by 29.5 per cent on a year-on-year basis while it has increased by 3.7 per cent on a quarterly basis. 

The revenue of Share India Securities has increased by 35 per cent on a year-on-year basis and by two per cent on a quarter-on-quarter basis. 

The company's profit after paying tax has increased by 24.4 per cent on a year-on-year basis while it has increased by 2.02 per cent on a quarterly basis.
 
Share India Securities launched its IPO in September 2017. This helped the firm in generating a total of Rs 26.37 crore by selling its shares at Rs 41 each, with a lot size of 3,000 equity shares. Around three years after being listed on the SME platform of BSE, the company transitioned to the mainboard of the exchange in 2020.

Established in 1994, the company has diversified its businesses and created more verticals of growth by venturing into NBFC, insurance broking, wealth management, and merchant banking.