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MUMBAI: reported consolidated revenue of Rs 739 crore for the March 2021 quarter, a jump of 53% corresponding to the previous year quarter aided by strong all round performance in equities & allied business, distribution business, private wealth management business, as well as investment banking business. Consolidated profits jumped 111% to Rs 329 crore on account of growth in revenue and improvement in margins. Cost to income ratio stood at 40% in the March 2021 quarter, against 57% in the March 2020 quarter.

ICICI Securities said that it has added 3.5 lakh clients in the March quarter, the highest ever addition in a quarter. Equities and allied business, which comprises equity, lending towards employee stock option plans and margin trading facility rose 46% on year-on-year basis to Rs 482 crore. Distribution revenue stood at Rs 141 crore in March 2021 quarter, up 22% against March 2020 quarter.

I-Sec’s Private Wealth Management (PWM) business reported Rs 158 crore of revenue in Q4FY21 up 82% on-year. The board has declared a final dividend of Rs 13.5 per share, amounting to Rs 21.5 per share for FY21.

According to Vijay Chandok, managing director and chief executive officer, the strong results are a testimony of successful implementation of the strategic vision they had articulated earlier and favorable market conditions.

“We are focused on executing our strategy to digitally and seamlessly deliver highly personalized and relevant products and solutions for our customers. Towards this, are investing in building capabilities to cater to the rapidly growing segments like the millennials and Gen Z, which the company has started attracting in large proportions.”

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