Stock Holding Corporation of India (SHCIL) has announced its audited financial results for the quarter and year ended March 31, 2010. SHCIL delivered an impressive performance and posted impressive growth in its business activities. Its operating income has risen by 41% to Rs 219.95 crore for the year ending March 31, 2010. The corresponding figure for the financial year 2008-09 was Rs 156 crore. The total expenditure for the financial year 2009-10 stood at Rs 156.60 crore.
Other notable fact from these results is the other income of Rs 317.62 crore, which has mainly been accrued from SHCIL’s sale of stake in NSE recently. Based on this performance, SHCIL has posted PAT of Rs 284.37 crore for the year ending March 31, 2010 as against last years corresponding figures of Rs 66.36 crore thus showing an increase of 329%.
The financial performance reflects a secular growth across SHCIL’s diverse portfolio of products and services across its base of around 1 million customers from across the country.
At the time of announcing the results, the board of directors of the company recommended a final dividend of 35% for the year 2009-10. The total Dividend for the year including Interim Dividend of 900% is 935%.
About SHCIL
SHCIL is India’s pioneer in custodial services and has been among the leaders in Demat services. Over the years, SHCIL has added to its portfolio, distribution services for Insurance, Government Bonds, Mutual Funds, IPOs etc. SHCIL offers stock brokerage services through its subsidiary SHCIL Services Ltd. The Central Government has appointed SHCIL to act as a sole Central Record Keeping Agency (CRA) to administer e-Stamping across the country. E-Stamping is a major e-governance initiative in the country and more and more state governments are in the process of introducing the e-Stamping facilities.