New Delhi: ICICI Securities Profit after tax (PAT) jumped 61 per cent to Rs 311 crore in the three months ended June 2021 on account of increase in revenue and improvement in margins.
In comparison, the company posted a PAT of Rs 193 crore in the same quarter of the previous fiscal, ICICI Securities said in a statement.
The company’s revenue grew 37 per cent to Rs 748 crore in the quarter under review, from Rs 546 crore in the three months ended June 30, 2020.
Revenue growth was supported by strong overall performance in the Equity & Allied business, Distribution business, Distribution business, Private Wealth Management business, as well as the Investment Banking business.
ICICI Securities, a part of ICICI GroupLtd., a leading retail-led equity franchise, distributor of financial products and investment bank.
“We are pleased to report strong financial and operating performance during the quarter,” said Vijay Chandok, Managing Director and Chief Executive Officer of the company.
“We are seeing continued traction in our customer additions. Our customer base has grown through digital partnerships with contemporary digital players… We also saw that our platform has more than tripled visitors between December 2020 and June 2021.”
ICICI Securities has 5.8 million clients, of which 3.9 lakh were added during the quarter under review.
In comparison, the company posted a PAT of Rs 193 crore in the same quarter of the previous fiscal, ICICI Securities said in a statement.
The company’s revenue grew 37 per cent to Rs 748 crore in the quarter under review, from Rs 546 crore in the three months ended June 30, 2020.
Revenue growth was supported by strong overall performance in the Equity & Allied business, Distribution business, Distribution business, Private Wealth Management business, as well as the Investment Banking business.
ICICI Securities, a part of ICICI GroupLtd., a leading retail-led equity franchise, distributor of financial products and investment bank.
“We are pleased to report strong financial and operating performance during the quarter,” said Vijay Chandok, Managing Director and Chief Executive Officer of the company.
“We are seeing continued traction in our customer additions. Our customer base has grown through digital partnerships with contemporary digital players… We also saw that our platform has more than tripled visitors between December 2020 and June 2021.”
ICICI Securities has 5.8 million clients, of which 3.9 lakh were added during the quarter under review.
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