IIFL Capital Services Q1 Profit after tax stood at ₹176 crores up 37% Q-o-Q
- IIFL Capital Services: PAT up 39% Y-o-Y FY2025
- IIFL Capital Services Ltd (formerly IIFL Securities Ltd) announced its consolidated financial results for the FY25 and Q4FY25
- Total income for the year stood at ₹2,567 crores up 15% Y-o-Y and ₹573 crores for the Q4FY25 down by 19% Y-o-Y
- Profit after tax for the year stood at ₹713 crores up 39% Y-o-Y and ₹128 crores for the Q4FY25 down by 29% Y-o-Y
- As on March 2025, distribution & custody assets under management stood at ₹2,20,488 crores.
- Deep client engagement with a wide network of 500+ Private Client Group RM & 3,500+ External Wealth Managers
- Pipeline remains strong- Likely to be executed over the next 4-6 quarters subject to market conditions
- Among the top franchises on the street, with sales teams based in Mumbai, Singapore, London and New York.
- ₹ 12.05 billion GROSS MARGIN TRADING FACILITY (MTF) BOOK
IIFL Capital Services Q1 Profit after tax stood at ₹176 crores up 37% Q-o-Q
- IIFL Capital Services Ltd (formerly IIFL Securities Ltd) announced its consolidated financial results for the quarter ended June 30, 2025
- Consolidated revenue for the quarter was ₹680 crores up 19% Q-o-Q
- Profit after tax stood at ₹176 crores up 37% Q-o-Q
- As at June 2025, Distribution AUM stood at ₹35,719 crores up 14% Q-o-Q and DP assets stood at ₹2,08,352 crores up 10% Q-o-Q
- Mr. R. Venkataraman, Managing Director said, "Our Institutional Broking witnessed good transaction for block deals and our Investment banking segment continues to win mandates. Our long term strategy is to transform our legacy retail broking business to wealth management practice and we are seeing good progress towards the same."
- Institutional Broking & Investment Banking IIFL’s Institutional broking segment provides comprehensive research coverage, covering over 311 stocks accounting for close to 73% of India’s market capitalization. Our investment banking division completed 13 deals across capital markets and private placement/advisory. Select transactions completed by us include IPO for HDB Financial Services, Ellenbarie Industrial Gases Ltd, Aegis Vopak, Schloss Bangalore, Oswal pump. Rights Issue for Fusion Finance and Offer For Sale for Sagility. Our deal pipeline remains robust and we are running multiple transactions which are at various stages of execution.
- Adequate capitalisation supported by healthy internal accruals:
- Consolidated networth for the company was Rs 2,447 crore as on December 31, 2024 (Rs 1,788 crore as on March 31, 2024, and Rs 1,350 crore as on March 31, 2023) supported by healthy internal accruals.
- In the past, a large portion of the borrowing was by the wholly owned subsidiary, IIFL Facilities Services, which was secured by the subsidiary's various real estate assets. Now, with the scale up of MTF book, borrowings at the broking entity are expected to increase.
- The MTF book (gross) stood at Rs 1,427 crore as on December 31, 2024 (Rs 916 crore in March 2024 and Rs 491 crore in March 2023). Overall gearing was 0.7 times as on December 31, 2024 (0.6 times as on March 31, 2024, and 0.4 times as on March 31, 2023).
- IIFL Capital on a consolidated basis reported a net profit of Rs 513 crore in fiscal 2024 vis-à-vis Rs 250 crore in fiscal 2023.
- The earnings performance continued to remain robust with a net profit of Rs 585 crore in the first nine months of fiscal 2025 driven by improvement in market sentiments and though marginally increased broking volumes and investment banking deals.
- The 3-year average cost to income ratio was 69% for fiscal 2022 to fiscal 2024.
- Healthy internal accruals have supported the capital position of the company and is expected to remain adequate over the medium term.
1 https://youtube.com/shorts/AQHrRbNnGkI?si=DnLjNjZUyh0zUBJF
2 https://youtube.com/shorts/jXsFsOblX10?si=mrD-5-vR-nlnY4Ly
3 https://youtu.be/iBBUsnIXFCU?si=HEXcQW5PdP3vnr1X
I myself will never do F&O as i dont understand how the mechanism works on derivatives ( Nor i intend to learn the charts). But being a investor, i personally like the broking business.
Why?- Rising industry and huge potential it offers + Cross selling to customers once the customers are acquired
So, i am invested in this good business
- Q1 24
- Total Income stood at ₹411.0 Cr for Q1 FY24 (up 39% y-o-y)
- Total Comprehensive Income stood at ₹73.9 Cr for Q1 FY24 (up 75% y-o-y)
- Assets under management and custody stood at ₹1,47,090 Cr
- For the quarter, the average daily market turnover (including F&O) for the broking business was ₹2,30,816 Cr (BSE + NSE), up 82% y-o-y and 18% q-o-q
- Insurance premium stood at ₹44.3 Cr for the year ended June 30, 2023, up 30% y-o-y. Mutual Fund AUM was ₹7,945 Cr as at June 30, 2023, up 15% y-o-y and SIP AUM grew by 44% y-o-y to ₹2,101 Cr
- Q1FY24 had been a strong quarter for our investment banking segment. The investment banking division completed 9 deals across capital markets, debt advisory and private equity.
- Return on Equity (%) : 22%
- Customer centric goalbased offering targeting affluent segment (AUM INR 10 Lakh+) combined with innovative product wrappers and portfolios
- FY2023
- Profit after tax 18% decline: 305 (22), 249 (23)
- Return on Equity (%) : 29% (22), 20% (23)
- Insurance premiums amounted to ₹2,788 Million for FY23, up by 48% y-o-y
- Leading investment bank in India: Completed 29 transactions in FY23
- DPS: 3 (22), 3 (23)
- EPS: 7.0 (21), 10.1 ( 22), 8.2 (23)
- IIFL Securities: Assets under management and custody stood at Rs. 1,18,644 Cr
- Mr. R. Venkataraman, Managing Director, commented on the financial results: “Broking business has started gaining momentum and is expected to grow in the second half of financial year. It was a good quarter for our investment banking segment with 6 completed transactions. Our continuous endeavor to invest in technology will provide better outcome in the coming quarters.”
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