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Share India Securities Limited (SISL) reported a stellar set of numbers for Q4 and FY21. Registers highest ever PAT of INR 80.7cr

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Share India Securities Limited (BSE: 540725) (SISL, NSE: SHAREINDIA), one of India’s leading tech based financial conglomerate announced a strong set of financial results for the quarter and year ended March 31st 2021 on Tuesday, May 25, 2020. Share India’s reported it’s highest ever PAT of INR 80.7cr with EPS of 25.3 for FY21. PAT margin remain stable at 18%. Final dividend of INR 0.5 declared to take full year dividend to INR2.

SISL is a key player in Indian derivative market segment with ~7% share of option premium turnover and 3% of future turnover in NSE. SISL over last few years have diversified into NBFC, Insurance Broking and Wealth Management. Share India is a pioneer when it comes to technology and has maintained its potion because of constant innovation and R&D. All its platforms are machine learning enabled and based on in-house technology.

Performance Highlights (Consolidated):

  • Consolidated PAT at INR 80.7cr for FY21 increased 98% YoY; Q4 FY21 PAT at INR 35.8cr was up 114% YoY and 103% QoQ
  • Consolidated Revenue for FY21 at INR 448cr increased 98% YoY; Q4 FY21 Revenue at INR 191cr was up 123% YoY and 83% QoQ
  • EPS for FY21 was 25.31 (increased from 12.8 in FY20); EPS for Q4 FY21 was 11.23 (Q4FY20 5.24, Q3FY21 5.52)
  • RoAE was 34.1% for FY21

Performance Highlights (Standalone):

  • Standalone PAT for FY21 at INR 67.2cr 101% YoY; Q4 FY21 PAT at INR 29.7cr was up 102% YoY and 96% QoQ
  • Standalone Revenue for FY21 at INR 383cr increased 83% YoY; Q4 FY21 Revenue at INR 150cr was up 83% YoY and 69% QoQ
  • EPS for FY21 was 21.1 (increased from 10.5 in FY20); EPS for Q4 FY21 was 9.3 (Q4FY20 4.6, Q3FY21 4.76)
  • RoAE was 30% for FY21

Business Highlights:

  • Broking: Cash ADTO increased 57% to INR ~1,350cr, F&O ADTO increased 51% to INR ~4,350cr for FY21; 142 new AP/branches added in FY21. Client based broking revenue increased more than 1x in FY21 with revenue share of more than 20%.
  • NBFC: Loan book at INR 78cr (FY20 INR 61cr); strong ground network led to minimal credit cost due to Covid outbreak. Branch count – 14 for Mar’21.
  • Insurance Broking/Wealth Management: No. of lives covered – 22,955 (FY21), Insurance premium received – INR 18cr, AUM – INR 160cr

Commenting on the successful results, Mr. Kamlesh Vadilal Shah, Managing Director, SISL, said:

“FY 21 was a landmark year for Share India in many ways, including expansion of product portfolio, synergy in operation post acquisition of Total Securities Limited, listing on main board of NSE in addition to BSE, acquisition of Total Commodities Limited, expanding operations in overseas market through W.O.S. in Singapore and the list may go on and on.

On financial performance part – we had a memorable year whereby our revenue and profits grew by ~100 % compared to previous year. We are well placed for future consolidation in industry and maintain market leadership. We consider this as new beginning and with focused strategy which gives us confidence for a stronger year ahead. We are optimistic to achieve ~35% CAGR in revenue for next three years. Our focus will continue to be on technology including artificial intelligence. We are now known as full fledge fintech financial service provider.”

Mr. Sachin Gupta, CEO and Whole Time Director, said:

“This year is a testimony to our strong focus on technology led by constant innovation and R&D. Our client based broking revenue increased more than 1x to INR 82cr. There was an additional INR 7 mn software charges. We have grown from a traditional stock broker to now a hi-tech financial service provider. Company leverages on the artificial intelligence & financial technology based products to deliver superior products to our clients.

In alignment to our vision to be a complete financial service provider, we expanded our operations this year in the NBFC business, insurance broking, merchant banking and mutual funds distribution as well. In the upcoming times, we expect to multiply our growth and have strong foothold in being a complete financial service provider. We expect to maintain our current return ratios in our future growth as well. We are committed to continue on our strategic priorities to maximize shareholders value and thank all our stakeholders for their continuous support.”

About Share India Securities Limited:

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Sleep interiors brand gets job offer from Peter Jones despite not securing investment in Dragons Den

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LONDON, March 29, 2024 /PRNewswire/ — Tonight on BBC1, REMY founder Abeer Iqbal, entered the Den, and despite intense grilling and no investment, left with a six-figure job offer from Peter Jones

Abeer’s pitch began with the Dragon’s keen to experience his sleep-enhancing furniture. When Steven and Peter laid on his hero  ‘The Pod’, a reinvention of the beanbag, and under REMY’s best-selling ‘The Lounger’ weighted blankets, the dragons closed their eyes and pretended to snore. Which was ironic, as despite being told he’d enter the Den around 5pm, Abeer actually went in at 9.30pm, after the dragons had been receiving pitches since early that day, which to Abeer’s own admission “wasn’t easy”. Deborah Meaden said, “This might have been a fatal mistake to put your dragons to sleep before we start the pitch” – recognising that it had been a long day.

After 10+ years working in tech, helping multi-million pound businesses grow their empire at software giants like Shopify, Abeer experienced burn-out, which led him to develop REMY. Despite Abeer telling the dragons that he left the high-pressure industry due to stress and anxiety Peter Jones still offered him a job back in the rat race with a six-figure sum (which he still hasn’t taken). 

After leaving the Den, Abeer admitted feeling the “most anxious ever” and that he “just wanted to get back to his wife for a hug”.  Abeer shared, “I didn’t sleep for days, replaying every moment in my mind. I wanted to forget it.” But it’s not all bad, as Abeer explains, “the anxiety I experienced from the Den gave me a lightbulb moment and led me to create our most popular product yet – The Hugger Pillow. I needed a hug, so I created one”. 

Abeer continues, “I returned the next day to collect my items from the studio. I bumped into a fresh-faced Peter and Toukar in the carpark, they both praised my experience, Peter once again offered me a job and Toukar asked me to call him when I start the next business.”

The global ‘sleep economy’ is booming, projected to reach a record high of $585 billion this year. But Abeer felt he was unable to communicate this, “If I could have my time again, I would focus on the industry of Rest and Sleep rather than the specific products we were trying to innovate. I don’t think I articulated to the Dragon’s the size of the business opportunity that there is with REMY. In terms of what’s next, we are moving towards becoming a household name in rest and sleep but offering products in multiple categories.”

The Dragon that seemed to understand Abeer’s passion for this industry was Sara Davies, saying “I actually fundamentally don’t agree with what I’ve heard here. What I see in front of me, yes he is great at the e-commerce side of things but he gave up a career in corporate because he was passionate about this area. And if there’s one thing I know about business it’s that you will succeed when you pursue the thing you are passionate about. I wouldn’t discourage you to give up. Keep doing it and good luck. I think you could sell anything”.

You can watch Abeer Iqbal on Dragons’ Den on BBC iPlayer.

remysleep.com / @WEAREREMY

Photo – https://mma.prnewswire.com/media/2374872/REMY_Sleep_1.jpg

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Bitrue Coin (BTR) Analyzes User Behavior and Announces Upcoming Developments to Enhance Utility

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SINGAPORE, March 29, 2024 /PRNewswire/ — Bitrue, a leading cryptocurrency exchange serving over 10 million users globally, announces a focus on user behavior analysis to further develop the utility of its native token, Bitrue Coin (BTR).

“Understanding how our users interact with BTR is crucial for its continued growth,” states Robert Quartly-Janeiro, Chief Strategy Officer of Bitrue. “This analysis will guide upcoming developments that enhance the value proposition of BTR within the Bitrue ecosystem.”

The announcement follows a recent surge in interest surrounding exchange tokens, and digital assets used to pay for services to unlock benefits within specific cryptocurrency exchanges. Currently, BTR offers a compelling range of benefits to Bitrue users, including:

  • Reduced Trading Fees: BTR holders enjoy lower trading fees on the Bitrue exchange, incentivizing active participation in the platform’s marketplace.
  • Governance Voting Rights: BTR grants voting rights on select new listings, allowing users to influence the direction of the Bitrue platform.
  • Staking Opportunities: BTR holders can stake their tokens to earn passive rewards, providing an additional avenue for generating income within the Bitrue ecosystem.
  • Exclusive Airdrop Potential: BTR holders may be eligible for airdrops of new tokens listed on the Bitrue exchange, offering the chance to discover promising crypto projects early.
  • VIP Investment Caps: BTR unlocks higher investment caps for certain cryptocurrencies on the Bitrue platform, catering to high-volume investors.

“BTR already plays a multifaceted role in the Bitrue experience,” Quarterly-Janeiro continues. “By strategically expanding its utility based on user behavior analysis, we aim to solidify BTR’s position within the exchange token market and elevate its value proposition for our user base.”

The specific developments based on user behavior analysis are not disclosed at this time. However, Bitrue assures its users of continued transparency and will share details in due course.

Media Contact: Lily Ho, [email protected]

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Affordability, customisation and convenience: Term plans from India become more attractive and accessible for NRIs

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Term insurance from India emerges as preferred choice for NRIs seeking affordability and convenience

DUBAI, UAE, March 29, 2024 /PRNewswire/ — Policybazaar, India’s leading online insurance marketplace, is witnessing a significant increase in non-resident Indians (NRIs) choosing term insurance from India via its platform. This surge is driven by the unparalleled ease, affordability and accessibility offered by the Indian insurance market. While several factors contribute to the growing interest in term insurance in India, affordability and convenience stand out as primary reasons. The demand among the 18-60 age group has seen an impressive 130% year-on-year growth, with India emerging as the preferred choice for NRIs.

The surge in demand from NRIs can be credited to several standout features and benefits. Term policies from India cost up to 30-50% less for NRIs residing in the UAE and Singapore. Additionally, policies with coverage of up to INR 5 crores can be easily obtained with tele-medical check-ups from India, eliminating the need for physical visits. Unlike some countries with restricted policy terms and coverage, Indian term plans offer coverage for longer duration, extending up to 99 years.

Sarbvir Singh, Joint Group CEO, Policybazaar, states, “We are witnessing exponential growth in term insurance purchases from NRIs, particularly from the Gulf nations and Singapore. Policybazaar has focused its efforts on expanding term insurance protection in both Indian and overseas markets. The unmatched benefits offered by India, including competitive pricing, larger covers, and streamlined processing through video/tele medicals, are significant contributors to this demand. It is heartening to see NRIs realizing the importance of securing their dependents’ future and choosing Indian term insurance policies.”

Term Insurance for a 35 year old male, non-smoker
Policy term – 30 years

Country

India

UAE

Cover Amount

INR 2 Cr / AED 881 K

AED 900 K

Max Cover Upto

99 years

80 years

Premium in AED

AED 977.8

AED 1,539

Premium in INR

INR 22,193.00

INR 34,892.00

Free Add-ons

Early Payout on Terminal Illness + Waiver of Premium

Price Benefit

36% cheaper in India

Source: Policybazaar.com

NRIs are also eligible for 18% GST exemption* upon purchasing term insurance plans from India, when paying via their NRE accounts. This attractive pricing, along with the availability of longer-term plans, has led to a rise in demand among NRIs, especially from Gulf nations, where 65% of term insurance buyers hail from, with the UAE alone contributing 35%.

Rhishabh Garg, Head of Term Insurance at Policybazaar, adds, “The evolution in the Indian term insurance industry is marked by innovative offerings designed to meet the distinct needs of consumers overseas. The consumer-centric features in term plans from India are increasingly appealing to NRIs, which include return of premium at no extra cost, early pay-outs for terminal illness, premium waivers for permanent disability, and immediate pay-out of up to INR 2 lakhs on claim intimation for immediate obituary expenses.”

The accessibility of these plans is further enhanced through seamless processing for NRIs, whose average annual income exceeds INR 35 lakhs. Insurers now also offer a sum assured of up to 5 crores, ensuring adequate coverage based on Human Life Value (HLV) calculations. NRIs can also leverage Policybazaar’s search and comparison engine to browse the best suitable plans as per their needs and preferences.

With a commitment to providing comprehensive coverage and protection, Policybazaar continues to redefine the landscape of term insurance for NRIs, empowering them to secure their loved one’s future with peace of mind. As NRIs continue to seek comprehensive coverage and value-driven solutions, Policybazaar remains dedicated to delivering innovative term insurance products and services tailored to their evolving needs.

*Tax benefits are subject to change in tax laws

About Policybazaar.com

Policybazaar.com is one of India’s largest insurance marketplace. It is the flagship platform of PB Fintech, which owns the fintech brand, Paisabazaar.com, and lending & insurance marketplace in the UAE region, Policybazaar.ae. Policybazaar.com started with the purpose to educate people on insurance products and with its offerings has addressed the large and highly underpenetrated online insurance markets.

Logo: https://mma.prnewswire.com/media/2375092/Policybazaar_Logo.jpg

 

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