InvestorQ : How were the latest quarterly numbers of ICICI Securities?
vidhya Laxmi made post

How were the latest quarterly numbers of ICICI Securities?

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sarah Leo answered.
4 weeks ago
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For the Mar-22 quarter, ICICI Securities reported 20.6% growth in total revenues on a yoy basis at Rs.891.67 crore while the sequential revenues were lower by -5.31%. One key trend for ICICI Securities was that the brokerage income fell in Q4 sequentially due to a sharp fall in retail broking volumes, which is normal during elevated volatility. I-Sec lost market share in the last few months to discount brokers. For Q4, the fees from distribution, advisory and new issues increased 22.3%, although issue activity was subdued in Q4.

ICICI Securities

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 891.67

₹ 739.34

20.60%

₹ 941.64

-5.31%

Net Profit (Rs cr)

₹ 340.29

₹ 329.47

3.28%

₹ 380.35

-10.53%

Diluted EPS (Rs)

₹ 10.50

₹ 10.21

₹ 11.73

Net Margins

38.16%

44.56%

40.39%

Let me now turn to profitability of ICICI Securities. Net profits were up 3.28% in the fourth quarter ended Mar-22 to Rs.329.47 crore, but fell -10.53% on sequential basis. Profits were impacted by higher finance charges for funding ESOP and MTF books as well as a sharp spike in manpower costs. Net margins were 38.16% in Mar-22 quarter compared to 44.56% in Mar-21 quarter. Net margins were also lower by 223 basis points on a sequential basis.

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