Capital Markets company IIFL Securities announced Q2FY24 results: 1. Financial Performance: - Total Income for the quarter stood at Rs 533.7 crore, reflecting a 65% YoY growth. - Total Comprehensive Income for the quarter was Rs 107.4 crore, showing a 94% YoY increase. - Assets under management and custody stood at Rs 1,69,822 crore. - The Profit Before Tax for the quarter was Rs 139.5 crore, marking an 85% YoY growth. 2. Broking Business: - IIFL Securities witnessed strong growth in both retail and institutional broking segments. - Average daily market turnover (including F&O;) for the broking business increased by 84% YoY. - Total brokerage revenue for the quarter was Rs 270.6 crore, reflecting a 66% YoY growth. 3. Financial Products Distribution (FPD): - FPD's Assets under Management (AUM) stood at Rs 22,471 crore. - Mutual Fund AUM grew by 16% YoY and reached Rs 8,587 crore. - SIP AUM increased by 34% YoY and recorded Rs 2,287 crore. 4. Investment Banking: - The investment banking segment completed 17 deals across capital markets, debt advisory, and private equity. - Notable completed transactions include QIP for Union Bank and Brookfield REIT, IPO for Updater Services Limited and Yatra Online, and Private Equity for FundsIndia. - The deal pipeline remains robust. 5. Appointment of Mr. Nemkumar H as a Whole-Time Director: - Mr. Nemkumar H has been appointed as a Whole-Time Director of the Company, subject to regulatory and shareholders' approval. - He brings extensive experience in institutional equities, investment banking, and equity analysis. - Mr. Nemkumar H's appointment is expected to strengthen the company's leadership and growth prospects. R. Venkataraman, Chairman & Managing Director, IIFL Securities commented, "We are pleased to report a strong growth for the quarter with all business segments gaining momentum. Our investment banking segment completed 17 transactions including one M&A; transaction. Deal pipeline is also strong." Result PDF