BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
IIFL Securities Ltd. reported a mixed performance In Q4 FY22.
Revenue from operations declined 2% QoQ to Rs 362 crore. IIFL Securities made a significant investment in technology and added manpower.
Profit after tax declined 8% QoQ and remained largely flat YoY at Rs 78.8 crore.
Average daily turnover increased 153% YoY to Rs 111500 crore. Mutual Fund assets under management grew 4% QoQ to Rs 7130 crore, systematic investment plan AUM grew 5% QoQ to Rs 1510 crore with a monthly average transaction count of 1,47,985.
Client addition was at ~2.08 lakh in Q4 FY22.
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