Stock Report

ICICI Securities Ltd Q2FY22 consolidated PAT rises to Rs. 351.24 crores



Posted On : 2021-10-19 17:05:58( TIMEZONE : IST )

ICICI Securities Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 856.56 crores during the period ended September 30, 2021 as compared to Rs. 747.70 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 351.24 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 310.72 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 10.84 for the period ended September 30, 2021 as compared to Rs. 9.62 for the period ended June 30, 2021.

Financials Q2 FY2022 Q1 FY2022 % Change
Total Income ₹ 856.56 crs ₹747.70 crs Up Tick / Down Tick14.56%
Net Profit ₹351.24 crs ₹310.72 crs Up Tick / Down Tick13.04%
EPS ₹10.84 ₹9.62 Up Tick / Down Tick12.68%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 856.56 crores during the period ended September 30, 2021 as compared to Rs.680.46 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.351.24 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.278.15 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.10.84 for the period ended September 30, 2021 as compared to Rs.8.61 for the period ended September 30, 2020.

Financials Q2 FY2022 Q2 FY2021 % Change
Total Income ₹ 856.56 crs ₹680.46 crs Up Tick / Down Tick25.88%
Net Profit ₹351.24 crs ₹278.15 crs Up Tick / Down Tick26.28%
EPS ₹10.84 ₹8.61 Up Tick / Down Tick25.90%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.1604.26 crores during the 6 Months period ended September 30, 2021 as compared to Rs.1226.86 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.661.96 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.471.23 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.20.46 for the 6 Months period ended September 30, 2021 as compared to Rs.14.59 for the 6 Months period ended September 30, 2020.

Financials Half Year Ended FY2022 Half Year Ended FY2021 % Change
Total Income ₹1604.26 crs ₹1226.86 crs Up Tick / Down Tick30.76%
Net Profit ₹661.96 crs ₹471.23 crs Up Tick / Down Tick40.47%
EPS ₹20.46 ₹14.59 Up Tick / Down Tick40.23%

Mr. Vijay Chandok, Managing Director and Chief Executive Officer, said, "Our strategy of broad basing our customer acquisition engine is paying off and I am happy to report highest ever quarterly customer addition yet again this quarter. During the quarter, younger millennials and Gen Z accounted for 65% of new customers (vs 39% a year ago) and those from tier II and below cities are now 84% of new customers (67% last year). We see a long growth runway, given our country's current position in the financialisation journey, expected secular long term GDP growth, large number of youth entering the job market annually and equally large number of retirees with both sets with differential needs.

From an e-broker we have evolved into a one-stop-shop for our customer's financial lifecycle journey. We are now transitioning to a digitally integrated financial marketplace. For this we are acquiring and developing relevant skill sets and also doubling down on digital investments to automate processes and use new age tools like analytics and machine learning to provide customized solutions matching customer profile, risk appetite, and goals."

Shares of ICICI Securities Limited was last trading in BSE at Rs. 820.50 as compared to the previous close of Rs. 843.30. The total number of shares traded during the day was 38318 in over 2720 trades.

The stock hit an intraday high of Rs. 862.00 and intraday low of 808.50. The net turnover during the day was Rs. 32184838.00.

Source : Equity Bulls

Keywords

ICICISecurities Q2FY22 H1FY22 ResultUpdate