Capital Markets company ICICI Securities announced Q1FY25 results: Consolidated revenue increased by 75.9% from Rs 9,344.4 million in Q1FY24 to Rs 16,441.1 million in Q1FY25. Consolidated profit after tax increased by 94.5% from Rs 2,708.4 million in Q1FY24 to Rs 5,269.1 million in Q1FY25. Interest income increased from Rs 3,077.6 million in Q1FY24 to Rs 5,825.9 million in Q1FY25, an increase of 89.3%. This was primarily due to increase in average MTF funding and Fixed deposit book. Brokerage income increased from Rs 3,428.9 million in Q1FY24 to Rs 6,222.9 million in Q1FY25, an increase of 81.5%. This was primarily due to increase in equity & derivative volumes. Income from services increased from Rs 2,517.1 million in Q1FY24 to Rs 4,147.5 million in Q1FY25, an increase of 64.8%. This was primarily on account of increase in issuer services & advisory fee income and income from mutual fund. Net gain on fair value changes decreased from Rs 316.0 million in Q1FY24 to Rs 207.8 million in Q1FY25, a decrease of 34.2%. This was primarily due to fair value changes in our treasury segment. Finance costs increased from Rs 1,846.1 million in Q1FY24 to Rs 3,938.4 million in Q1FY25. This increase was primarily due to increased borrowing to fund MTF and increase in borrowing cost on account of increased interest rate. Fees and commission expenses increased from Rs 386.5 million in Q1FY24 to Rs 742.1 million for Q1FY25, primarily due to increase in revenue linked payout to partners. Operating expenses increased from Rs 335.0 million in Q1FY24 to Rs 529.2 million in Q1FY25, mainly due to increase in operating expenses linked to volumes. Employee benefits expenses increased from Rs 2,012.4 million in Q1FY24 to Rs 2,650.6 million in Q1FY25 primarily on account of annual increments in salaries and increase in headcount. Depreciation and amortization expense increased from Rs 223.1 million in Q1FY24 to Rs 366.1 million in Q1- FY2025, primarily on account of depreciation and amortization of technology related assets Other expenses increased from Rs 890.3 million in Q1FY24 to Rs 1,090.3 million in Q1FY25, an increase of 22.5%, primarily due to increase in technology expenses. Total assets increased from Rs 2,56,226.7 million as at March 31, 2024 to Rs 2,77,838.6 million as at June 30, 2024, an increase of 8.4%. This increase was primarily due to increase in MTF book from Rs 1,16,386.8 million as at March 31, 2024 to Rs 1,46,700.4 million as at June 30, 2024. Total liabilities increased from Rs 2,56,226.7 million as at March 31, 2024 to Rs 2,77,838.6 million as at June 30, 2024, an increase of 8.4%. This increase was primarily due to increase in debt securities from Rs 1,64,040.8 million as at March 31, 2024 to Rs 1,89,953.5 million as at June 30, 2024. Result PDF