ICICI Securities Q1 Results Revenue Up by Over 88% to ₹1,619.91 Crores

ICICI Securities Q1 Results: ICICI Securities reported impressive financial results for the first quarter of June 2024. The company achieved a total revenue of ₹1,619.91 crores, a significant increase from ₹860.06 crores in the previous quarter (March 2023). This rise shows strong business growth. The selling, general, and administrative expenses totaled ₹265.06 crores, up from ₹161.39 crores last quarter, reflecting increased operational costs as the company expands. Depreciation and amortization costs also grew to ₹36.61 crores, compared to ₹20.55 crores in March 2023.

ICICI Securities’ other operating expenses increased to ₹161.95 crores from ₹140.50 crores. Despite these rising costs, the total operating expense rose to ₹542.74 crores, which is still manageable compared to the revenue generated. The operating income reached ₹1,077.17 crores, doubling from ₹502.71 crores in the previous quarter, showing strong profitability. Before taxes, the net income was ₹707.53 crores, compared to ₹353.19 crores last quarter. Finally, the net income for June 2024 stood at ₹526.91 crores, which is more than double the ₹262.68 crores from the last quarter. The diluted normalized earnings per share (EPS) also increased significantly to ₹16.28, up from ₹8.08, indicating a positive outlook for shareholders.

Here’s a simplified summary of ICICI Securities' Q1 Results for June 2024, with figures presented in crores:

Source: Here 

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ICICI Securities Q1 Results

The ICICI Securities financial results for the quarter ending June 30, 2024, show strong growth in various areas. In this period, the company earned a total revenue from operations of ₹16,403.7 million, which is a significant increase from ₹9,341.1 million during the same quarter last year. This rise is mainly due to higher interest income and fees from brokerage and services. For example, the interest income was ₹5,823.6 million, up from ₹3,075.6 million the previous year.

ICICI Securities also reported a profit before tax of ₹7,064.8 million, indicating good overall performance, although this was slightly lower than the previous quarter's profit. After accounting for tax expenses, which amounted to ₹1,806.2 million, the profit for this period was ₹5,258.6 million. Additionally, the company faced some losses in its other comprehensive income, particularly related to employee benefits. However, the total comprehensive income still showed a healthy figure of ₹5,088.5 million.

ICICI Securities’ Earnings per share for shareholders increased to ₹16.25, reflecting the company's strong financial health. 

Here’s a summary of the standalone financial results for the quarter ended June 30, 2024, based on the provided data:

(in million ₹)

ICICI Securities Stock Metrics

The ICICI Securities table provides important financial information about a company. The Market Cap of ₹ 28,393 Crores shows the total value of the company's shares. The Current Price of ₹ 876 is the price at which one share is currently sold. The High/Low indicates the highest price (₹ 922) and lowest price (₹ 622) of the stock in a specific period. The Stock P/E ratio of 14.6 shows how much investors are willing to pay for each rupee of earnings. Book Value at ₹ 121 reflects the company's net asset value per share. 

Here is the financial data presented in a clear table format:

Quarterly Results 

The ICICI Securities table shows key financial data for the company during the last three quarters: December 2023, March 2024, and June 2024. In December 2023, ICICI Securities reported sales of Rs. 1,323 Crores and a net profit of Rs. 466 Crores, with an earnings per share (EPS) of Rs. 14.41. By March 2024, sales grew to Rs. 1,543 Crores, and net profit increased to Rs. 537 Crores, leading to an EPS of Rs. 16.59. In June 2024, sales further climbed to Rs. 1,641 Crores, while net profit slightly decreased to Rs. 527 Crores, resulting in an EPS of Rs. 16.28. 

Here’s the table with data for Dec 2023, Mar 2024, and Jun 2024:

About ICICI Securities 

ICICI Securities is a well-known financial services company in India that has been helping people with their money for over 25 years. Established in 1995, it offers a wide range of services, including investing, trading, and wealth management. The company helps more than 9.1 million customers, including individual investors, wealthy individuals, businesses, and government organizations. ICICI Securities provides easy access to mutual funds, insurance, and loans, making it easier for people to manage their finances.

ICICI Securities focus on understanding each customer’s needs and provide tailored advice to help them reach their financial goals. With a reputation for excellent customer service and expertise, ICICI Securities aims to create a seamless experience for its clients in the world of finance. Whether you are new to investing or have years of experience, ICICI Securities is there to support you in making informed financial decisions.