ICICI Securities Ltd posts Rs. 267.02 crore consolidated PAT in Q3 FY2020-21

ICICI Securities Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.619.97 crores during the period ended December 31, 2020 as compared to Rs.680.46 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.267.02 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.278.15 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.8.28 for the period ended December 31, 2020 as compared to Rs.8.61 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 619.97 crs	₹ 680.46 crs	-8.89%
Net Profit	₹ 267.02 crs	₹ 278.15 crs	-4%
EPS	₹ 8.28	₹ 8.61	-3.83%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.619.97 crores during the period ended December 31, 2020 as compared to Rs.422.67 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.267.02 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.137.23 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.8.28 for the period ended December 31, 2020 as compared to Rs.4.26 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 619.97 crs	₹ 422.67 crs	46.68%
Net Profit	₹ 267.02 crs	₹ 137.23 crs	94.58%
EPS	₹ 8.28	₹ 4.26	94.37%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1846.83 crores during the 9 months period ended December 31, 2020 as compared to Rs.1243 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.738.25 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.386.12 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.22.87 for the 9 months period ended December 31, 2020 as compared to Rs.11.98 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1846.83 crs	₹ 1243 crs	48.58%
Net Profit	₹ 738.25 crs	₹ 386.12 crs	91.2%
EPS	₹ 22.87	₹11.98	90.9%

Mr. Vijay Chandok, Managing Director and Chief Executive Officer, said, "We are happy to report strong financial and operational performance during the quarter with all our businesses performing well.

"Our new customer acquisition during the quarter was highest ever and we are confident of maintaining the momentum on the back of increased traction on digital sourcing channel. Our sourcing funnel remains strong and additionally we have been successful in increasing our client engagement as they are increasingly consuming additional products and services from us. Over a million of our customers enjoy more than one product from our stable and our cross sell ratio has moved to 1.70 from 1.55 YoY. We will continue to drive this a focused approach, keeping the preference and appetite of the customers at the core of this philosophy."

"Our distribution business has also performed well this quarter, with both, the MF and nonMF revenues growing. We have added new product lines and they are witnessing healthy customer traction. Our new MF App - ICICI direct Money - has been receiving encouraging response and feedback from our customers."

"As we lay the foundations for a strong and future-ready business, we are investing in technology, digitisation, and fortifying the talent pool. We aim to remain the digital financial supermarket of choice and a go-to platform for sustainable wealth creation by meeting all the financial lifecycle needs in investments, protection, and borrowing."

Shares of ICICI Securities Ltd was last trading in BSE at Rs.446.1 as compared to the previous close of Rs. 437.55. The total number of shares traded during the day was 94673 in over 2661 trades.

The stock hit an intraday high of Rs. 448.75 and intraday low of 436.1. The net turnover during the day was Rs. 41817557.

Source : Equity Bulls

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