ICICI Securities Limited reported a consolidated net profit of ₹391.1 crore for the quarter ended June 30, 2025 (Q1 FY26), down 26% year-on-year from ₹526.9 crore in the same quarter last year (Q1 FY25).
The company’s total income fell to ₹1,411.8 crore, compared to ₹1,644.1 crore in Q1 FY25, a decline of approximately 14% YoY. Revenue from operations came in at ₹1,409.4 crore, lower than ₹1,640.6 crore in the year-ago period.
On the expense side, total expenses stood at ₹886.2 crore, marginally down from ₹936.5 crore last year. Finance costs were ₹405.8 crore, while employee benefits expenses rose to ₹274.7 crore during the quarter.
Segment-wise highlights:
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Interest income increased to ₹625.4 crore (vs ₹582.5 crore YoY)
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Brokerage income dropped sharply to ₹419.3 crore (vs ₹622.2 crore YoY)
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Income from services stood at ₹342.1 crore (vs ₹414.7 crore YoY)
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Fees and commission income also fell to ₹33.4 crore (vs ₹74.2 crore YoY)
The company’s profit before tax for the quarter was ₹525.5 crore, lower than ₹707.5 crore in Q1 FY25.
Outlook
ICICI Securities noted a decline in brokerage and service income reflecting lower market activity and transaction volumes in the quarter, despite higher interest income. The management remains focused on cost discipline and strengthening its customer acquisition and digital initiatives.
Disclaimer
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