ICICI Securities spurts after Q4 PAT surges 111% to Rs 329 c

ICICI Securities spurts after Q4 PAT surges 111% to Rs 329 cr


ICICI Securities spurted 7.96% to Rs 457.90 after the company's consolidated net profit soared 111.4% to Rs 329.47 crore on 53.41% surge in net sales to Rs 739.34 crore in Q4 FY21 over Q4 FY20.The company's consolidated profit after tax (PAT) for the quarter surged on account of growth in revenue and improvement in margins. Revenue growth was aided by strong all-round performance in equities & allied business, distribution business, distribution business, private wealth management business, as well as investment banking business.
ICICI Securities has a client base of approximately 5.4 million, of which approximately 3.5 lakh were added during the quarter, which is highest ever addition in a quarter. Digital sourcing continues to demonstrate strength with approximately 2.2 lakh customers added through this channel during the quarter, vs approximately 38,000 in Q3, 28,000 in Q2 and approximately 20,000 in Q1.

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