New Delhi: Icici Securities reported a leap of 61 percent in tax after tax (PAT) to RS 311 Crore in the three months which ended June 2021 due to revenue and increased margin growth.
In comparison, the company has posted PAT RS 193 Crore in the same quarter before fiscal, said ICICI Securities in a statement.
The company’s revenue rose 37 percent to RS 748 Crore in the quarter reviewed from the RS 546 Crore in the three months ended June 30, 2020.
Revenue growth was assisted by strong performance in equity and allied business, distribution business, distribution business, personal assurance business , as well as investment banking business.
ICICI Securities, part of the ICICI group, is a leading retail-led equity franchise, distributor of financial products and investment banks.
“We are happy to report strong financial and operational performance during the quarter,” Vijay Chandok, Managing Director and Chief Executive Company, said.
“We see sustainable traction in the addition of our customers.
Add our customers through digital partnerships, with contemporary digital players …
have begun to contribute significantly.
We also witnessed that visitors on our platform more than three times between December 2020 and June 2021 , “he added.
ICICI Securities has a client base of 5.8 million, where 3.9 lakh is added during quarter reviews.