Motilal Oswal: ICICI Securities Posts Strong All-Round  Performance In Q2 
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai.(Bloomberg News)

Motilal Oswal: ICICI Securities Posts Strong All-Round Performance In Q2 

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.

Motilal Oswal Report

ICICI Securities Ltd.’s profit after tax grew 44% QoQ / 106% YoY to Rs 2.8 billion (27% beat).

The beat was driven by higher-than-expected investment banking revenue and interest income, coupled with in-line opex.

Total revenue grew 25% QoQ to Rs 6.8 billion, driven by -

  1. 10% QoQ growth in brokerage income to Rs 3.92 billion,
  2. 69% QoQ growth in income from services (distribution and Investment banking revenue), and
  3. 44% QoQ growth in interest income to Rs 898 million.

Click on the attachment to read the full report:

Motilal Oswal - ICICI Securities Q2FY21 Result Update.pdf

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