Don’t miss the latest developments in business and finance.

ICICI Securities Q1 profit surges 61% to Rs 311 cr; revenue up 37%

ICICI Securities has reported a 61 per cent jump in profit after tax to Rs 311 crore in three months ended June 2021 on account of growth in revenue and improvement in margins

Bs_logoICICI Securities
Photo: Kamlesh Pednekar
Press Trust of India New Delhi
2 min read Last Updated : Jul 21 2021 | 12:25 PM IST

ICICI Securities has reported a 61 per cent jump in profit after tax (PAT) to Rs 311 crore in three months ended June 2021 on account of growth in revenue and improvement in margins.

In comparison, the company had posted a PAT of Rs 193 crore in the same quarter preceding fiscal, ICICI Securities said in a statement.

The company's revenue rose 37 per cent to Rs 748 crore in the quarter under review from Rs 546 crore in the three months ended June 30, 2020.

The growth in revenues were aided by strong all round performance in equities and allied business, distribution business, distribution business, private wealth management business, as well as investment banking business.

ICICI Securities, a part of the ICICI Group, is a leading retail-led equity franchise, distributor of financial products and investment bank.

"We are happy to report strong financial and operational performance during the quarter," Vijay Chandok, Managing Director and Chief Executive Officer of the company, said.

Also Read

We are seeing a continued traction in our customer additions. Our customer additions through digital partnerships, with contemporary digital players... have started to contribute meaningfully. We also witnessed that visitors on our platform more than tripled between December 2020 and June 2021," he added.

ICICI Securities has a client base of 5.8 million, of which 3.9 lakh were added during the quarter under review.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

More From This Section

Topics :ICICI SecuritiesQ1 resultsIndia Inc earnings

First Published: Jul 21 2021 | 12:25 PM IST

Next Story