ICICI Securities Ltd Q2 Consolidated PAT jumps to Rs. 278.15 crore

ICICI Securities Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.680.46 crores during the period ended September 30, 2020 as compared to Rs.546.40 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.278.15 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.193.08 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.8.61 for the period ended September 30, 2020 as compared to Rs.5.98 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 680.46 crs	₹ 546.40 crs	24.54%
Net Profit	₹ 278.15 crs	₹ 193.08 crs	44.06%
EPS	₹ 8.61	₹ 5.98	43.98%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.680.46 crores during the period ended September 30, 2020 as compared to Rs.418.22 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.278.15 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.135.12 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.8.61 for the period ended September 30, 2020 as compared to Rs.4.19 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 680.46 crs	₹ 418.22 crs	62.7%
Net Profit	₹ 278.15 crs	₹ 135.12 crs	105.85%
EPS	₹ 8.61	₹ 4.19	105.49%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1226.86 crores during the 6 months period ended September 30, 2020 as compared to Rs.820.33 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.471.23 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.248.89 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.14.59 for the 6 months period ended September 30, 2020 as compared to Rs.7.72 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 1226.86 crs	₹ 820.33 crs	49.56%
Net Profit	₹ 471.23 crs	₹ 248.89 crs	89.33%
EPS	₹ 14.59	₹7.72	88.99%

Mr. Vijay Chandok, Managing Director and Chief Executive Officer, said, "We are happy to report strong financial and operational performance during the quarter. Most of our businesses have performed well, with the equity and allied business leading the way. We also witnessed recovery in other segments as business sentiment is improving with economic activities picking up."

"Our customer acquisition engine has picked up pace and we added a record number of new clients during the quarter, led by our fully digital on-boarding process, open architecture model, and improved activation and penetration by the ICICI Bank and business partner network."

"Our distribution business is turning around and we delivered a growth in our MF distribution business after seven quarters and I am confident that going forward all parts of our distribution business will contribute positively."

"We are committed to remain the digital financial supermarket of choice for our customers by meeting all their financial lifecycle needs in investments, protection, and borrowing. We are laying the foundations for a strong and future-ready business and towards this we remain focused on key areas of strategy with special attention to investment in technology, digitisation of products and processes, cost, and fortifying our talent pool."

Shares of ICICI Securities Ltd was last trading in BSE at Rs.484.9 as compared to the previous close of Rs. 468.05. The total number of shares traded during the day was 31177 in over 1912 trades.

The stock hit an intraday high of Rs. 488.4 and intraday low of 465.45. The net turnover during the day was Rs. 14904880.

Source : Equity Bulls

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