I-Sec reported a revenue of INR 8,789 Mn, down 7% YoY, up 2% sequentially, due to overall toned-down industry growth across segments. The Retail Equities and Allied Business which includes lending towards MTF & ESOP, Prime & NEO subscription fees, reported revenues at INR5040 Mn, down 4% YoY. The Distribution Business reported revenues of INR1670 Mn in Q3FY23, up 2% YoY. EBITDA reported at INR 5,487.9 Mn (+4.8% qoq/ -9.7% yoy). EBITDA margin stood at 62.4% (140bps qoq / -220bps yoy), as employee expenses stood to INR 1,756Mn (-5.4% qoq / +1.6% yoy).