ICICI Securities Ltd Q4 FY22 Earnings ConCall Summary
#ISEC #ICICISecurities #ISECQ4 #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
🧵
#ISEC #ICICISecurities #ISECQ4 #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
🧵
Q&A Insights: Kashyap Javeri from @EmkayGlobal Investment asked about the spend of budgets that were 2x in FY22 vs. FY21. Harvinder CFO said that the 2x budget were for technology spend which has been growing and it was higher by 70% in FY22. And for FY23 it’s 2.5 times vs. FY22.
Q&A Insights: Prayesh from @MotilalOswalLtd asked about the share of the recurring segment on the corporate finance side and its outlook. Harvinder CFO said that ISEC has a 70% market share in the equity capital market. For outlook, on private equity M&A, ISEC is seeing traction.
Q&A Insights: Prayesh Jain of @MotilalOswalLtd asked about the quantum of ESOP funding next year. Harvinder CFO said that ESPO funding now is about INR 1,400 crores of the total INR 7,500. Next year, ISEC expects it to be probably about half of INR1,400 crores.
Q&A Insights: Aditya Jain from @Citi enquired about the break-up of INR373 crores of brokerage revenue into retail and institutional. Harvinder CFO replied that about INR325 crores was for retail brokerage and institutional brokerage was about INR48 crores.
Q&A Insights: Sahej Mittal from @hdfcsec asked about the marketing spend in 4Q22 and FY22 and the target for FY23. Harvinder Jaspal CFO replied that marketing spend for 4Q22 was about INR30 crores. And for FY22 it was about INR100 crores. For FY23, ISEC expects growth in expenses
Q&A Insights: Sanketh from Spark asked about the reason prime income per customer in 4Q22 increasing from about INR770 to INR1,050. Vishal EVP said that it’s due to ISEC acquiring more high-value customers. And also customers of INR299 plan willing to switch to superior plans.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
