IIFL Securities Q2 Review- Healthy Client Acquisition, Funding Aid Performance: ICICI Direct

IIFL Securities Q2 Results - Healthy Client Acquisition, Funding Aid Performance: ICICI Direct

A bronze bull statue stands at the entrance to the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

IIFL Securities reported a healthy performance.

  • Client acquisition robust at approximately 2 lakh; ADTO up 28.1% QoQ to Rs 67,530 crore

  • Revenue up 48% YoY, 19% QoQ amid growth in brokerage and interest income

  • Headcount addition and sales expenditure increased overall operational expenditure by 22% QoQ

  • Profit after tax growth healthy at ~41% YoY and 5% QoQ at Rs 72 crore.

Click on the attachment to read the full report:

IDirect_IIFLSec_Q2FY22.pdf
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