Performance update
Q1-FY2025
July 23, 2024
Q1FY25 Performance Snapshot
Total Assets Wealth Assets
₹ 7.4 tn1 ₹ 4.5 tn2
+20% YoY / +6% QoQ +31 YoY/ +10% QoQ
Profit After Tax Revenue
₹ ₹ 5,269 mn3
+94% YoY/ -2% QoQ
₹ ₹ 16,441 mn3
+76% YoY/ +6% QoQ
ROE
₹ 53.7%3
v/s 36.3% in Q1FY24
1. Assets of our clients including equity demat assets maintained with ICICI Bank and excluding promoter holding, as on June 30 2024
2. Assets of our clients with more than INR 10 mn AUM at individual level including equity demat assets maintained with ICICI Bank and excluding promoter holding, as on June 30 2024
3. For Q1-FY2025
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Q1FY25 Business Performance
Business segment wise Revenue Breakup
• Revenue grew 76% YoY and 6% QoQ at ₹ 16,441 mn led
by growth in broking income and growth in Investment
Retail broking banking segment
Distribution Issuer services Institutional Other revenue1
and allied revenue and advisory broking &
revenue revenue allied revenue • Retail broking & allied revenue grew 92% YoY and 10%
QoQ due to increase in cash volumes and growth in
equity allied business
₹ 9,908 mn ₹ 1,757 mn ₹ 1,268 mn ₹ 1,162 mn ₹ 2,346 mn • Issuer services and advisory income grew by 251% YoY
and 21% QoQ
+ 92% YoY +11% YoY + 251% YoY + 111% YoY + 38% YoY
+ 10% QoQ - 7% QoQ + 21% QoQ + 8% QoQ - 2% QoQ
• PAT at ₹ 5,269 mn, grew 95% YoY
YoY:Q1-FY2025 vs Q1-FY2024; QoQ: Q1-FY2025 vs Q4-FY2024 3
1. Includes Investment & trading, interest revenue from FDs as margin with exchanges and other revenue
Q1FY25 Business Performance (1/2)
Retail broking and allied Revenue grew by 92% YoY
(in ₹ Mn)
9,908
9,044
Average MTF book grew by 131% YoY
5,151
(in ₹ Bn)
139.8
Q1-24 Q4-24 Q1-25 117.8
Distribution Revenue
60.6
(in ₹ Mn)
1,897
1,757
1,587
Q1-24 Q4-24 Q1-25
Leader with market share at ~20% ( exit MTF book )
Q1-24 Q4-24 Q1-25
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Q1FY25 Business Performance (2/2)
Institutional broking and allied Revenue (in ₹ Mn)
Institutional broking and allied revenue was up 111% YoY
1,162
• The growth is attributable to momentum gain in Cash ADTOs and Block deals 1,075
• Franchise consolidated its position among the top domestic institutions
551
• Strengthening FII franchise by entering into partnerships
Q1-24 Q4-24 Q1-25
Issuer services and advisory (in ₹ Mn)
Issuer Services & Advisory revenue was up 251% YoY
• YoY growth in revenue generation due to increasing deals 1,268
1,045
• Continued focus on building non-IPO revenue
362
Q1-24 Q4-24 Q1-25
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ISEC Franchise :Significant scale and size
Total Client Assets Wealth Client Assets Revenue
₹2.4 tn1 ₹7.0 tn1 ₹1.0 tn2 ₹4.1 tn2 ₹17.3 bn ₹ 50.5bn
24% CAGR (FY19 – FY24) 33% CAGR (FY19 – FY24) 24% CAGR (FY19 – FY24)
Profit After Tax Dividend Return on Equity
₹4.9 bn ₹17.0 bn ₹9.4 ₹29.0 50%
28% CAGR (FY19 – FY24) Over 50% Consistent Payout For FY24
1. Assets of our clients including equity demat assets maintained with ICICI Bank and excluding promoter holding, as on Mar, 31 2024 and Mar, 31 2019
2. Assets of our clients with more than INR 10 mn AUM at individual level including equity demat assets maintained with ICICI Bank and excluding promoter holding, as on Mar, 31 2024 and Mar, 31 2019
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Responsible Franchise committed to a purposeful ESG Agenda
• Board approved ESG framework articulating our approach of conducting ESG related aspects
• Executive level ESG Forum comprising of cross functional heads
• Enhanced ESG disclosure in our ESG and BRSR Reports
BUSINESS ETHICS & GOVERNANCE POSITIVE IMPACT CSR & SUSTAINABLE DEVELOPMENT
• Segregation of Board and Executive Management • Sustainable livelihood
• 50% independent directors on board, 100% independent directors • Health Care Services
in audit committee
• Contribution to Incubators for support to Startups and R&D
• Imbibing strong ethical culture in the organization through
• Towards a more inclusive society
comprehensive policies on Code of Conduct and Business Ethics,
AML, POSH amongst others • Environmental conservation
DATA PROTECTION HUMAN CAPITAL
• Information Security Management Policy and Cyber Security & • Human rights policy
Cyber Resilience Policy in place to protect against cyber-attacks,
• Diversity, Equity and Inclusion Policy
threats & vulnerabilities
• Training, Development and Mentoring
• Personal Data Protection Standard to increase employee
awareness of data protection, acceptable data handling practices
Committed to creating a meaningful and positive impact
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ESG Framework link: https://www.icicisecurities.com/UPLOAD/ARTICLEIMAGES/ESG_Framework.pdf
ESG Snapshot
ENVIRONMENTAL FOOTPRINT CORPORATE SOCIAL RESPONSIBILITY
• Target to reduce energy consumption by 20%, Paper • 1.2 Lac + Lives impacted
Consumption by 35% & Travel by 35% over FY25 over
• 10 start-ups supported through CSR activities
FY19 baseline
• 6.7 lakh litres of drinking water treated daily
• Total of Scope 1 & 2 emission reduced by 46% over
FY19 baseline • 53 lakh litres of waste water treated for reuse
• Gold Certification from the US Green Building Council • Received the ‘Golden Peacock Award for Corporate Social
for our new Prabhadevi location Responsibility, in BFSI Sector’ for FY2022 by Institute of
Directors, India
HUMAN CAPITAL
RESPONSIBLE INVESTMENT
• 5574 permanent employees
• Integrated ESG risks when making proprietary investments
• 27% women in new hires
• Refrain from investing into certain sensitive sectors
• Average training hours increased to 61 per
employee/annum • Sustainable development of Financial and Capital markets
through ESG based MF offering
• Articulated formal value proposition ‘PLEDGE’ for
employees
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Eminent and Experienced Board
Mr. Vinod Kumar Dhall Mr. Ashvin Parekh Mr. Subrata Mukherjee Ms. Vijayalakshmi Iyer Dr. Gopichand Katragadda
Chairman Independent Director Independent Director Independent Director Independent Director
Independent Director
Mr. Prasanna Balachander Mr. Rakesh Jha Mr. Vijay Chandok Mr. T K Srirang Mr. Ajay Saraf
Non-Executive Director Non-Executive Director MD & CEO Joint MD Executive Director
• 10 eminent professionals as Directors with varied backgrounds, pioneers in respective fields
• Well structured performance evaluation process for its Directors including MD & CEO
• 5 Mandatory Committees and 15 Non-mandatory Committees with specialized functions including Risk Management Committee & CSR
Committee
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P&L summary : Consolidated
(₹ in mn)
Q1-FY2024 Q4-FY2024 Q1-FY2025 % Y-o-Y % Q-o-Q
Revenue 9,344 15,444 16,441 76% 6%
Finance Cost 1,846 3,266 3,938 113% 21%
Net Revenue 7,498 12,178 12,503 67% 3%
Operating Expenses 729 1,280 1,320 81% 3%
Employee benefits expenses 2,012 2,102 2,651 32% 26%
Other expenses 1,113 1,597 1,457 31% (9%)
Total expenses 3,854 4,979 5,428 41% 9%
Profit before tax 3,644 7,199 7,075 94% (2%)
Tax 935 1,834 1,806 93% (2%)
Profit after tax 2,709 5,365 5,269 94% (2%)
Other Comprehensive Income (OCI) (51) 22 (170) - -
Total Comprehensive Income (TCI) 2,658 5,387 5,099 92% (5%)
Period: Y-o-Y: Q1-FY2025 vs Q1-FY2024 ; Q-o-Q: Q1-FY2025 vs Q4-FY2024 10
Balance sheet: Assets (₹ in mn)
ASSETS At Mar 31, 2024 At Jun 30, 2024
Financial assets (A) 2,48,102 2,68,439
Cash/Bank and cash equivalents 1,12,515 1,06,742
Securities for trade & Derivatives financial instrument 3,880 2,354
Receivables 9,591 6,357
Loans 1,19,344 1,49,084
Investments 190 192
Other financial assets 2,582 3,710
Non-financial assets (B) 8,126 9,400
Deferred tax assets (net) 308 320
Right-of-use assets 1,816 1,819
Fixed assets, CWIP & Intangible assets 3,772 4,526
Current tax assets & other non financial assets 2,230 2,735
Assets (A+B) 2,56,228 2,77,839
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Balance sheet: Equity and Liabilities (₹ in mn)
EQUITY AND LIABILITIES At Mar 31, 2024 At Jun 30, 2024
Financial liabilities (A) 2,09,841 2,31,823
Payables 23,884 15,155
Derivative financial instruments - -
Debt securities 1,64,041 1,89,954
Borrowings (Other than debt securities) 2,755 1,531
Lease liabilities 1,963 1,987
Deposits & Other financial liabilities 17,198 23,196
Non-financial liabilities (B) 7,161 6,916
Equity (C) 39,226 39,100
Equity share capital 1,617 1,619
Other equity 37,609 37,481
Equity and Liabilities (A+B+C) 2,56,228 2,77,839
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Thank You
