Q2FY22 Result Update - IIFL Securities - ICICI Direct

IIFL Sec reported a healthy performance.

• Client acquisition robust at ~2 lakh; ADTO up 28.1% QoQ to Rs. 67530 crore
• Revenue up 48% YoY, 19% QoQ amid growth in brokerage & interest income
• Headcount addition & sales expenditure increased overall opex by 22% QoQ; PAT growth healthy at ~41% YoY & 5% QoQ to Rs. 72 crore

Key triggers for future price performance

• Focus on client acquisition & increased market activity to act as key catalyst
• Higher client engagement to improve per client matrix remains in focus
• Anticipated exit from real estate investment could lighten balance sheet and act as medium term catalyst
• Fierce competition from discount broker could act as a deterrent

For details, click on the link below: Link to the report

Shares of IIFL Securities Limited was last trading in BSE at Rs. 102.50 as compared to the previous close of Rs. 105.00. The total number of shares traded during the day was 41106 in over 1352 trades.

The stock hit an intraday high of Rs. 108.95 and intraday low of 100.25. The net turnover during the day was Rs. 4274405.00.

Source : Equity Bulls

Keywords

IIFLSecurities INE489L01022 IIFLSEC FinancialServices ICICIDirect Q2FY22 ResultUpdate