ICICI Securities Q3 PAT up 42.44% at Rs380.35cr on sharp spike in investment banking income

19 Jan 2022 , 01:00 AM

ICICI Securities Ltd reported 51.85% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs941.64cr. On a sequential basis, the total revenues were up 9.96%.

The company saw almost flat revenues from core broking operations but the overall revenues from interest income and from investing banking was sharply higher.

That was totally understandable considering that the IPO markets have been in the midst of a massive bull market in the last four quarters. Issuer service revenues were higher 5-fold yoy basis.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 42.44% at Rs380.35cr on the back of operating profit on broking and the issuer service business. Treasury profits were lower on a sequential basis.

The cost to income ratio stayed at around 46% while the ROE remained elevated at around 73%. Wealth AUM was up 92% yoy at Rs2.80 trillion.

The total number of active clients spiked 89% yoy at over 30.7 million with 6.8 lakh clients added in Q3. PAT margins rose from 11.44% in Dec-20 quarter to 14.32% in Dec-21 quarter.

Financial highlights for Dec-21 compared yoy and sequentially

	ICICI Securities
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 941.64	₹ 620.11	51.85%	₹ 856.37	9.96%
Net Profit (Rs cr)	₹ 380.35	₹ 267.02	42.44%	₹ 351.24	8.29%
Diluted EPS (Rs)	₹ 11.73	₹ 8.28		₹ 10.84
Net Margins	40.39%	43.06%		41.01%