Shares of inventory broking agency ICICI Securities rallied as a lot as 8.45 per cent to hit an intraday excessive of Rs 460 after its revenue in quarter ended March 2021 greater than doubled to Rs 329 crore from Rs 154 crore throughout the identical quarter final yr, registering a rise of 115 per cent. Its income from operations rose 54 per cent to Rs 739 crore from Rs 480 crore within the yr in the past interval.
ICICI Securities revenue from brokerage superior 38 per cent and revenue from providers jumped 79 per cent because it witnessed a bounce in complete shopper property which got here in at 3.8 lakh crore.
“The company reported consolidated revenue of Rs 739 crore in Q4FY21, against Rs 482 crore in Q4FY20, up 53 per cent, aided by strong all round performance in equities and allied business, distribution business,” ICICI Securities stated in a press launch.
ICICI Securities witnessed highest ever shopper addition within the quarter. ICICI Securities has a shopper base of 5.4 million, of which 3.5 lakh had been added in the course of the quarter, the corporate stated.
The firm has over 1.91 million lively purchasers (those that have given us income/transacted throughout any of our product classes within the final 12 months) and over 1.58 million NSE lively purchasers (these having traded on the NSE within the final 12 months), up 29 per cent and 47 per cent YoY respectively. In Q4FY2021, ICICI Securities expanded its fairness market share (by quantity) by 50 bps YoY to 9.6 per cent, ICICI Securities added.
“We are happy to report strong all around financial and operational performance during the quarter, which is a testimony of successful implementation of the strategic vision we had articulated earlier and favorable market conditions. The Board has declared a final dividend of Rs 13.5 per share, amounting to Rs 21.5 per share for FY21, which is highest ever,” Vijay Chandok, managing director and chief government officer at ICICI Securities stated in an announcement.
As of three:00 pm, ICICI Securities shares traded 6.4 per cent larger at Rs 452, outperforming the Sensex which was up 0.74 per cent.
