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Total Income for Q4FY21 at Rs 256.3 Cr (up 22% y-o-y) and FY21 at Rs 867.8 Cr

iifl securities
iifl securities

For the quarter and year ended March 31, 2021 (Q4FY21, FY21), Consolidated Results as per IndAS are:

  • Total Income stood at Rs 256.3 Cr for the quarter (up 22% y-o-y) and Rs 867.8 Cr for the year (up 10% y-o-y)
  • Profit after tax (TCI before exceptional items) stood at Rs 77.6 Cr for the quarter (up 109% y-o-y) and Rs.221.0 Cr for the year (up 52% y-o-y)
  • Assets under management stood at Rs. 43,755 Cr.

Summary: Consolidated – Q4FY21

 `CroreQuarter ended March 31, 2021Quarter ended March 31, 2020Y-O-YQuarter ended December 30, 2020Q-O-Q
Total Income256.3209.822%215.019%
Profit Before Tax91.651.080%68.434%
Total Comprehensive Income before exceptional items77.637.2109%50.653%
Total Comprehensive Income after exceptional items77.637.2109%50.653%

Summary: Consolidated – FY21

 `CroreYear ended March 31, 2021Year ended March 31, 2020Y-O-Y
Total Income867.8789.910%
Profit Before Tax284.7199.843%
Total Comprehensive Income before exceptional items221.0145.052%
Total Comprehensive Income after exceptional items221.0232.1(5%)

Mr. R. Venkataraman, Managing Director, commented on the financial results: “All our investment banking transactions were extremely well subscribed and witnessed very strong participation from high quality institutional, retail and HNI investors. Our deal pipeline for the coming quarters remain strong and robust.”

 

 

 

 

Retail and Institutional Broking

IIFL Securities is a key player in both retail and institutional segments of the capital market. We have over 2,500 points 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 44,153 Cr (BSE + NSE), up 108% y-o-y and 34% q-o-q.

Total broking revenue was Rs 423.1 Cr for the year ended March 31, 2021, up 13% y-o-y.

IIFL’s Institutional broking segment has over 720 domestic and foreign clients. It provides comprehensive research coverage, covering over 250 stocks across 20+ sectors accounting for over 80% of India’s market capitalization.

Financial Products Distribution (FPD)

IIFL Securities offers a wide range of products such as mutual funds, insurance, IPOs, bonds, AIF and others, targeting retail clients. Insurance premium for the quarter has grown by 42% y-o-y to Rs 146.3 Cr, driven mainly by health insurance. FPD AUM stood at Rs. 12,220 Cr. Mutual Fund AUM grew by 82% y-o-y and 14% q-o-q to Rs 5,150 Cr as at March 31, 2021. SIP AUM grew by 89% y-o-y and 13% q-o-q to Rs 1,023 Cr.

Investment Banking

The previous quarter had been a strong quarter for our investment banking segment. Our investment banking division completed 10 deals comprising IPOs, debt advisory and private equity. Select transactions completed by us include the IPOs for Nazara Technologies, MTAR Technologies, Suryoday Small Finance Bank, Craftsman Automation., Anupam Rasayan India and the IPO of Brookfield India REIT. 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.

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