ICICI Securities profit rises 91% y-o-y in Q4 to Rs 1.59 bn; revenue up 35%

Broking revenues rose 32% year-on-year to Rs 10.24 billion in 2017-18

ICICI Securities, the broking and investment banking arm of ICICI Bank, on Saturday reported a 91 per cent year-on-year jump in net profit to Rs 1.59 billion for the quarter ended March 2018 on the back of 35 per cent increase in revenues to Rs 5.15 billion.   
   
ICICI Securities full-year (2017-18) profit rose 65 per cent year-on-year to Rs 5.58 billion thanks to a 32 per cent increase in revenues to Rs 18.59 billion.
 
During the year, the company reported decent growth across business verticals, such as broking, mutual fund (MF) distribution and investment banking.
 
Broking revenues