NEW DELHI: ICICI Securities announced a 61% increase in profit after tax (PAT) to Rs 311 crore in the three months ended June 2021 due to revenue growth and improving margins.
By comparison, the company posted a PAT of Rs 193 crore in the same quarter prior to the fiscal year, ICICI Securities said in a statement.
The company’s revenue increased 37% to Rs 748 crore in the quarter under review, from Rs 546 crore in the three months ended June 30, 2020.
Revenue growth was helped by strong overall performance in equities and related businesses, distribution businesses, distribution businesses, private wealth management businesses, as well as investment banking businesses.
ICICI Securities, part of the ICICI group, is a leading retail equity franchise, distributor of financial products and investment banking.
“We are pleased to report strong financial and operational performance during the quarter,” said Vijay Chandok, Managing Director and CEO of the company.
“We are seeing continued traction in our customer additions. Our client additions through digital partnerships, with contemporary digital players … have started to contribute significantly. We also found that visitors to our platform more than tripled between December 2020 and June 2021, “he added.
ICICI Securities has a client base of 5.8 million clients, of which 3.9 lakh were added during the quarter under review.

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