For the Dec-20 quarter, the consolidated operating profits were up 93.29% at Rs357.78cr. Broking being a scale-sensitive business; the operating profits tend to magnify the revenue growth as fixed costs get better observed and that was visible. The OPM expanded sharply from 43.84% in the Dec-19 quarter to 57.70% in the Dec-20 quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 94.58% at Rs267cr on better operational performance in the quarter. As a result, the PAT margins also improved sharply from 32.50% in Dec-19 to 43.06% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
|
ICICI Securities |
|||||
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 620.11 |
₹ 422.24 |
46.86% |
₹ 680.68 |
-8.90% |
|
Operating Profit (Rs cr) |
₹ 357.78 |
₹ 185.10 |
93.29% |
₹ 372.30 |
-3.90% |
|
Net Profit (Rs cr) |
₹ 267.02 |
₹ 137.23 |
94.58% |
₹ 278.15 |
-4.00% |
|
Diluted EPS (Rs) |
₹ 8.28 |
₹ 4.26 |
₹ 8.61 |
||
|
OPM |
57.70% |
43.84% |
54.70% |
||
|
Net Margins |
43.06% |
32.50% |
40.86% |
||
Key takeaways from the Dec-20 quarter results
-
Between Mar-20 and Dec-20, the debt equity ratio of ICICI Securities changed from 1.24X to 1.54X. As a result, the debt service coverage ratio or DSCR moved from 0.53X to 0.45X while the interest coverage ratio moved from 11.42X to 15.32X.
-
ICICI Securities had some key milestones in the quarter. The overall active client base moved up 17% to 16.30 lakhs resulting in equity market share moving up 160 bps to 10.5% on all-India basis.
-
During the quarter, the private wealth management AUM moved up 45% to Rs147,000cr.
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( With inputs from indiainfoline)
#ICICI #Securities #PAT #doubles #Rs267cr #broking #boost
