SISL posts best ever annual profit, consolidated PAT up 150% in FY’22

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SISL

17 May 2022:  Share India Securities Ltd (SISL), one of India’s leading diversified, technology-driven financial services companies, reported its best ever net profit in the financial year 2021-22.  

The company’s PAT jumped by a phenomenal 150% to Rs 201.84 crore for the full financial year 2021-22 from Rs 80.75 crore in the previous financial year. Total consolidated revenue of the company in the financial year 2021-22 jumped by 92 percent to Rs 871.01 crore from Rs 453.81 crore in the previous year.

Spread across 850 branches/franchisees across 18 Indian states and also enjoys international operations, SISL posted a 52% jump in its consolidated revenue at Rs 294.82 crore for the Jan-Mar ’22 quarter versus Rs 194.35 crore in the comparable quarter last year. The company’s PAT also rose by 112% to Rs 76.02 crore for the Q4, 2022 compared to Rs 35.82 crore in the same quarter previous year.

Speaking on the occasion, Mr Kamlesh Shah, Managing Director, “The company has delivered another year for ~100% growth in all financial metrics for the quarter and full year. Q4 FY22 was best ever financial performance in the 25 years of our existence and also among the best in the industry. SISL is the outcome of the merger of Total Securities and Share India. After the merger, our product portfolio widened and benefits of synergies has really helped us grow and attract customer traction. We have always focused on technology and led our continuous focus on back end technology we have outperformed industry and gained market share.”

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Shah added, “We as discussed with you all earlier, are planning to strengthen our retail presence through new and innovative products in Q3 and Q4 of this fiscal.These products will especially focus on the algo segment and allow common man to access institutional grade product portfolio. These initiatives will help our growth momentum to continue in future as well and diversify our reveue stream as well.”