ICICI Securities Q4 results: Net profit jumps 111% to Rs 329 cr; revenue rises 53%
Synopsis
Consolidated profits jumped 111% to Rs 329 crore on account of growth in revenue and improvement in margins. Cost to income ratio stood at 40% in the March 2021 quarter, against 57% in the March 2020 quarter.
I-Sec’s Private Wealth Management (PWM) business reported Rs 158 crore of revenue in Q4FY21 up 82% on-year. The board has declared a final dividend of Rs 13.5 per share, amounting to Rs 21.5 per share for FY21.
According to Vijay Chandok, MD and CEO, the strong results are a testimony of successful implementation of the strategic vision they had articulated earlier and favorable market conditions.
“We are focused on executing our strategy to digitally and seamlessly deliver highly personalized and relevant products and solutions for our customers. Towards this, are investing in building capabilities to cater to the rapidly growing segments like the millennials and Gen Z, which the company has started attracting in large proportions.”