ICICI Sec slumps 20%

With the stock markets booming, it came as no surprise to see a blockbuster performance from ICICI Securities. But the stock moved in tandem with the market moods. From its close of Rs.446, the stock slipped almost 20% to Rs.357, a tad away from hitting the UC at Rs.356.80. It has recouped and is now trading at Rs.426 levels.

The company reported consolidated revenue of Rs.620 crore in Q3FY21, up 47%, aided by strong all round performance in equities & allied business, distribution business, private wealth management business, as well as investment banking business.

Its PAT is at Rs.267 crore, up 95% on account of growth in revenue and improvement in margins.

Cost to income ratio stood at 42% v/s 56% (YoY) and Return on Equity (annualized) during the period was at 71%, vs 51% (YoY).

I-Sec has a client base of 5.07 million, of which over 1,39,000 were added during the quarter, which is highest ever addition in a quarter.

It now has over 1.63 million active clients (those who have given revenue/transacted across any of its product categories in the last 12 months) and over 1.29 million NSE active clients (those having traded on the NSE in the last 12 months), up 17% and 34% YoY respectively.

In Q3FY21, I-Sec expanded its equity market share (by volume) by 160 bps YoY to 10.5%.