Capital Markets company IIFL Securities announced Q1FY25 results: Financial Highlights: IIFL Securities Ltd has announced its consolidated financial results for the April-June 2024 quarter. Total income grew 57% YoY to Rs 643.8 crore and the growth was led by all the key business segments. Total brokerage revenue was up by 75% YoY. Both the institutional and retail broking segments did very well. Investment Banking revenues were up 25% YoY. Ten deals were consummated during the quarter. Financial products distribution (FPD) revenues went up by 25% YoY. FPD AUM stood at Rs 29,049 crore and within this segment, SIP transactions witnessed an even faster growth. Profit after tax was up 144% YoY driven by high operating leverage across all the businesses. As at end June 2024, Distribution & custody assets under management stood at Rs 2,21,993 crore. Nemkumar H, Managing Director said: “IIFL Securities Ltd reported record profits during the quarter ended June 2024.” “Our focus on placement of large blocks on the institutional side, improved revenue productivity in retail broking, continued acceleration in asset mobilization on the products distribution side and consummation of a number of capital market transactions helped us to report a strong YoY jump in revenues. Margin expansion led by better operating leverage drove an even faster growth in profits. With equity markets hitting new highs, the cyclical tailwinds for our businesses remains benign. Our deal pipeline remains robust. We remain focused on increasing our share of the industry pie and are investing a lot in seeding adjacent businesses and substantially upgrading our technological capabilities.” Result PDF