ICICI Securities Q4FY24 and FY24 Performance

Bangalore, April 19, 2024: ICICI Securities, part of the ICICI Group and one in every of India’s main monetary providers platforms, assembly end-to-end monetary wants of its clients throughout Trading, investments and loans, immediately declared its monetary and operational efficiency for the Financial and Quarter ending 31^stMarch 2024.

The firm registered a wholesome income progress with market share enchancment throughout varied income producing parameters

Key Highlights for Q4FY24:

Revenue Growth:ICICI Securities reported income progress throughout varied enterprise segments. Retail Equities and Allied income stood at ₹904 crore, marking an 84% year-on-year (YoY) improve, inside which fairness income grew by 143% YoY to ₹351 crore and by-product income grew by 24% YoY to ₹145 crore. Distribution revenue stood at ₹190 crore. On the institutional facet, Issuer Services and Advisory income escalated to ₹105 crore, reflecting a wholesome YoY improve as in comparison with decrease base final 12 months whereas Institutional Equity & Allied Revenue reached ₹108 crore, a noteworthy improve of 118% YoY. Private Wealth Management (PWM) income stood at ₹490 crore, up 92% YoY. Mutual Fund distribution income grew by 27% YoY, loans distributed for Q4FY24 stood at ₹1,873 crore, up 50% YoY.

Market Share Improvement:In Q4FY24, ICICI Securities strengthened its market share throughout a number of segments. Retail money fairness market share improved from 11%³to 13% YoY. The retail by-product market share²additionally rose from 7% to eight% YoY. The firm has continued to enhance its market share within the commodity¹ market phase from 6% to 7% YoY. Furthermore, ICICI Securities has maintained its place within the MTF (Margin Trading Fund) phase with a ~20% market share.

Client Growth:ICICI Securities added ~7,500 Private Wealth Management (PWM) purchasers, taking its PWM shopper base over 1.08 lakh.

Client Asset Growth:As of March 31, 2024, ICICI Direct’s complete shopper property reached roughly 7 lakh crores, marking a big 19% YoY improve. The PWM Assets Under Management (AUM) reached 4.1 lakh crore, reflecting a powerful 28% YoY progress.

Key Highlights for FY24:

Revenue stood at ₹ 5,051 crore, up 47% vs FY23 and PAT at ₹ 1,697 crore, up 52% YoY.

³Based on the revised disclosures by NSE for retail particular person class within the fairness phase from April’23. The market share so computed is due to this fact not comparable with the market share for Q4FY23 computed utilizing earlier disclosures for others class.

¹Excluding FII, DII and Prop

²Calculated foundation Option premium and future turnover