IIFL Securities Ltd Consolidated Financial Results for the quarter and half year ended September 30, 2021.
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 245+ companies.
For the quarter, the average daily market turnover (including F&O) for the broking business was Rs 67,564 Cr (BSE + NSE), up 182% y-o-y and 28% q-o-q.
Total broking revenue was Rs 142.7 Cr for the quarter ended September 30, 2021, up 32% y-o-y.
IIFL’s Institutional broking segment has over 755 domestic and foreign clients. It provides comprehensive research coverage, covering over 245 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. FPD AUM stood at Rs. 15,261 Cr. Insurance premium stood at Rs 43.6 Cr for the quarter, up 8% y-o-y and 49% q-o-q. Mutual Fund AUM grew by 81% y-o-y and 20% q-o-q to Rs 6,863 Cr as at September 30, 2021. SIP AUM grew by 67% y-o-y and 14% q-o-q to Rs 1,325 Cr.
The previous quarter had been a strong quarter for our investment banking segment. Our investment banking division completed 8 deals comprising of IPOs, QIPs/ private placement and debt transactions. Select transactions completed by us include the IPOs for Chemplast Sanmar, Sansera Engineering, Krsnaa Diagnostics and Windlass Biotech. 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.
Major Tie- ups
IIFL Securities has integrated with Wealthdesk, India’s pioneering investment technology platform which will help the investors to have a seamless wealth management experience. IIFL Securities has also tied up with ETFy, through which customer can now build a strong and stable core portfolio of curated ETF baskets, starting as low as Rs 500.
Awards and Accolades:
· IIFL Securities ranked as India’s most reliable stock broking company by Insight Success.
· IIFL Securities was awarded dream company to work for at National Award for Excellence in BFSI.
· IIFL Securities received the award for best content marketing at the National Awards for Branding
· IIFL Securities wont the award for Best use of social media in marketing at National Award for Excellence
in Branding and Marketing.
· Sandeep Bhardwaj, CEO, Retail, IIFL Securities Ltd received CEO of the Year award at National Award
for Excellence in BFSI.