Latest News | ICICI Securities Q4 PAT Up 3 Pc at Rs 340 Cr

New Delhi, Apr 20 (PTI) ICICI Securities on Wednesday reported a 3 per cent growth in profit after tax (PAT) at Rs 340 crore for the three months to March 2022.

In comparison, the company had posted a PAT of Rs 329.47 crore in the same quarter of the preceding fiscal, ICICI Securities said in a statement.

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The company posted a 21 per cent jump in revenue at Rs 892 crore in the quarter under review, from Rs 739.34 crore in the year-ago period, aided by strong all-round performance across business segments.

ICICI Securities has a client base of 76 lakh, of which over 6.2 lakh were added during the quarter.

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"We are happy to report an all-round financial performance with growth in all our business segments which is a testimony to our execution capabilities," the company's Managing Director and Chief Executive Officer Vijay Chandok said.

"As we continue our journey towards becoming a digitally integrated financial marketplace, our focus will be on Diversification, operating leverage, strengthening product positioning. We will continue making investments in Next-Gen technology to build a 'future ready architecture' and in our brand as well as on building a diversified talent pool," he added.

During the quarter, 65 per cent of customers acquired were under 30 years of age (versus 62 per cent year-on-year) and 84 per cent were from tier II and below geographies (versus 80 per cent year-on-year).

The company's board has declared a final dividend of Rs 12.75 per share, amounting to Rs 24 per share for FY22, which is its highest-ever.

For the financial year ended March 2022, the company reported a PAT of Rs 1,383 crore, up 29 per cent from the preceding fiscal. Revenue grew 33 per cent to Rs 3,438 crore.

ICICI Securities, a subsidiary of ICICI Bank, has four lines of businesses -- broking, distribution of financial products, wealth management and investment banking.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)