ICICI Securities (ISEC) Q2 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2024, were reviewed and approved, with auditors issuing unmodified reports for both.

• The company allotted 265,132 equity shares to employees via stock options and paid a second interim dividend of ₹17 per share during the six months.

• The scheme for delisting and making the company a wholly owned subsidiary of its holding company was sanctioned by NCLT Mumbai in August 2024.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was ₹17,064.1 million, up from ₹12,486.1 million in Q2 FY24; six-month revenue was ₹33,467.8 million.

• Standalone net profit for Q2 FY25 was ₹5,282.5 million, compared to ₹4,238.3 million in Q2 FY24; six-month net profit was ₹10,541.1 million.

• Consolidated revenue from operations for Q2 FY25 was ₹17,066.5 million, with six-month revenue at ₹33,473.4 million.

• Consolidated net profit for Q2 FY25 was ₹5,290.4 million, up from ₹4,236.3 million in Q2 FY24; six-month net profit was ₹10,559.5 million.

• Basic EPS (consolidated) for the six months ended September 30, 2024, was ₹32.62; diluted EPS was ₹32.37.

Outlook and guidance

• The company continues to follow due process for the delisting scheme and transition to a wholly owned subsidiary structure.