ICICI Securities Q4FY24 and FY24 Performance

Bangalore, April 19, 2024 – ICICI Securities, a part of the ICICI Group and one of India’s leading financial services platforms, meeting end-to-end financial needs of its customers across Trading, investments and loans, today declared its financial and operational performance for the Financial and Quarter ending 31st March 2024.

The company registered a healthy revenue growth with market share improvement across various revenue generating parameters

Key Highlights for Q4FY24

:• Overall revenue at ₹ 1,544 crore, up 74% YoY
• Profit after tax at ₹537 crore, up 104% YoY
• Overall Client assets at ₹7.0 lakh crore, up 19% YoY
• The company declared a 2nd interim dividend of ₹ 17/ share, taking the full year dividend to ₹ 29/share

Revenue Growth: ICICI Securities reported revenue growth across various business segments. Retail Equities and Allied revenue stood at ₹904 crore, marking an 84% year-on-year (YoY) increase, within which equity revenue grew by 143% YoY to ₹351 crore and derivative revenue grew by 24% YoY to ₹145 crore. Distribution income stood at ₹190 crore. On the institutional side, Issuer Services and Advisory revenue escalated to ₹105 crore, reflecting a healthy YoY increase as compared to lower base last year while Institutional Equity & Allied Revenue reached ₹108 crore, a noteworthy increase of 118% YoY. Private Wealth Management (PWM) revenue stood at ₹490 crore, up 92% YoY. Mutual Fund distribution revenue grew by 27% YoY, loans distributed for Q4FY24 stood at ₹1,873 crore, up 50% YoY.

Market Share Improvement: In Q4FY24, ICICI Securities strengthened its market share across multiple segments. Retail cash equity market share improved from 11%3 to 13% YoY. The retail derivative market share2 also rose from 7% to 8% YoY. The company has continued to improve its market share in the commodity1 market segment from 6% to 7% YoY. Furthermore, ICICI Securities has maintained its position in the MTF (Margin Trading Fund) segment with a ~20% market share.

Client Growth: ICICI Securities added ~7,500 Private Wealth Management (PWM) clients, taking its PWM client base over 1.08 lakh.

Client Asset Growth: As of March 31, 2024, ICICI Direct’s total client assets reached approximately 7 lakh crores, marking a significant 19% YoY increase. The PWM Assets Under Management (AUM) reached 4.1 lakh crore, reflecting a strong 28% YoY growth.

Key Highlights for FY24:

Revenue stood at ₹ 5,051 crore, up 47% vs FY23 and PAT at ₹ 1,697 crore, up 52% YoY.

3Based on the revised disclosures by NSE for retail individual category in the equity segment from April’23. The market share so computed is therefore not comparable with the market share for Q4FY23 computed using earlier disclosures for others category.

1Excluding FII, DII and Prop

2Calculated basis Option premium and future turnover