- Total Income stood at Rs 368 Cr for the quarter (up 71% y-o-y and up 16% q-o-q) and Rs 955 Cr for the nine months (up 56% y-o-y)
- Profit after tax stood at Rs 86 Cr for the quarter (up70% y-o-y and up 19% q-o-q) and Rs. 227 Cr for the nine months (up 59% y-o-y)
- Assets under custody stood at Rs. 1,32,377Cr (up 242% y-o-y and up 12% q-o-q)
Summary: Consolidated –Q3FY22
| Rs.Crore | Quarter ended December 31, 2021 | Quarter ended December 31, 2020 | Y-O-Y | Quarter ended September 31, 2021 | Q-O-Q |
| Total Income | 368.0 | 215.0 | 71% | 318.4 | 16% |
| Profit Before Tax | 113.4 | 68.4 | 66% | 96.5 | 17% |
| Total Comprehensive Income | 86.0 | 50.6 | 70% | 71.0 | 21% |
Summary: Consolidated –9MFY22
| Rs .Crore | Nine months ended December 31, 2021 | Nine monthsended December 31, 2020 | Y-O-Y |
| Total Income | 954.5 | 611.5 | 56% |
| Profit Before Tax | 296.6 | 193.2 | 54% |
| Total Comprehensive Income | 225.9 | 143.4 | 58% |
Mr. R. Venkataraman, Managing Director, commented on the financial results: “All our business segments continue to do well. The board of directors have declared an interim dividend of Rs.3 per share.Our investment banking segment continues to perform well with a strong deal pipeline for the coming quarters.”
Retail and Institutional Broking
IIFLSecuritiesisakeyplayerinboth retailandinstitutionalsegmentsofthecapitalmarket.Wehaveover 2500points of presence across India and provide unparalleled research coverage on 250+companies.
For the quarter, the average daily market turnover (including F&O) for the broking business was Rs 83,546Cr(BSE + NSE), up 153% y-o-y and 24% q-o-q.
Total brokingrevenuewasRs145.9CrforthequarterendedDecember31,2021,up47%y-o-y.
IIFL’s Institutional broking segmenthasover 770+ domestic and foreign clients. It provides comprehensive research coverage, covering over 255 stocksacross 20+ sectorsaccounting for over 80% of India’smarket capitalization.
Financial Products Distribution (FPD)
IIFLSecuritiesoffersawiderangeofproductssuchasmutualfunds,insurance,IPOs, bonds, AIFandothers,targeting retail clients.FPD AUM stood at Rs. 15,901Cr. Insurance premiumstood atRs55.2Crfor the quarter, up 54%y-o-y and 25% q-o-q. Mutual Fund AUM remained flat atRs 6,854 Cr as atDecember 31, 2021. SIP AUM grew by 60%y-o-y and10%q-o-q to Rs 1,439Cr.
Investment Banking
The previous quarter had been a strong quarter for our investment banking segment.Our investment banking division completed 13deals comprising of IPOs, QIPs/privateplacement and debt transactions. Select transactions completed by us include the IPOs for Policy Bazar, Anand Rathi Wealth, Star Health and Allied Insurance company and Aditya Birla Sunlife AMC. Our deal pipeline remains robust and we are running multiple transactions which are at various stages of execution. We are well positioned to grow our segment given our superior research and strong distribution capabilities.
Interim Dividend
The Board of Directors have declared an interim dividend of ₹3 per equity share having face value of ₹ 2 each for the financial year 2021-2022. The Company has fixed the record date as February 04, 2022 for this purpose.
Awards and Accolades:
- IIFL Securities received the award for Top Performance inthe Equity Institution segment from BSE for FY21
- IIFL Securities received the award from BSE for Top Performance in the SGB segment for FY21.
- IIFL Securities received award for brand excellence in banking,financial services and insurance sector at the Global Marketing Excellence Awards
- IIFL Securities received broker of the year award at WorldSustainability Presents Sustainable BFSI Practices Awards
- IIFL Securities received Dream Company to work in financialservices sector atWorld Sustainability Presents Sustainable BFSI Practices Awards
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