ICICI Securities Q1 net profit up 13% at Rs 1.34 bn on non-broking business

ICICI Securities is the market leader in the broking segment with a 9.2% market share

ICICI Securities has posted a net profit of Rs 1.34 billion for the first quarter ended June, up 13 per cent year-on-year. Its revenues rose nine per cent to Rs 4.36 billion, with over a third of it coming from non-broking business.

“We have continued to diversify with non-broking business now accounting for 37 per cent of our overall revenue with distribution, wealth management and corporate finance businesses outperforming the overall company,” said Shilpa Kumar, managing director and chief executive officer, ICICI Securities.