IIFL Securities: Less than 10 PE

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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