Presentation 1

Management Commentary
Company Management Commentary
Speaking on the performance of the company, Mr. Motilal Oswal, MD & CEO said "We have achieved one of the highest
quarterly profit of Rs. 5.09 bn, following robust & sustainable performance acrass the businesses. Our retail braking
business which is our cash cow business continued to imprave its market share and benefitting from market expansion
and industry consolidation. We continue to focus on our strategy to diversify our businesses towards linear sources of
earnings. Our Asset Management business has seen strong improvement in performance and is likely ta gain from
MOFSL
process driven investing and its niche offerings. Our Wealth Management business has delivered consistent performance
over years and on its way to achieve scale in this business. Our PE business has successfully delivered on fund raise of its
largest ever fund. Our Housing finance business has witnessed tumaround by improving disbursements and asset quality
trend which is now geared up for sustainable growth. There is immense potential and opportunities in the market for
each of our businesses to flourish
Commenting on the results and financial performance, Mr. Vijay Chandok, Managing Director and CEO of ICICI Securities
said: We had a satisfactory quarter and are progressing well on our articulated strategy of pursuing long term sustainable growth by
continuing to diversify in favour of non-broking business. For this, we are investing in right kind of products, services, partnerships.
Today broking revenue is about a third of our overall revenue, against two thirds a couple of years back. The journey we began
several quarters back to evolve as full-fledged financial marketplace with technology as the backbone of our operations and delivery,
ICICI Securities
is progressing well. Our platform icicidirect.com continues to add new features and capabilities, serving the entire lifecycle
requirement of customers across their financial needs. There may be short term moderation in growth and market opportunities, but
the runaway is long. We see multi-year tailwinds in the form of increasing financialisation and digitization of savings, continued entry
of large number of youth in the job market every year, and rising affluence, and we are uniquely positioned to serve the evolving
needs of our customers
3
Speaking on the performance of the company, Mr. Motilal Oswal, MD & CEO said "We have achieved one of
the highest
quarterly profit of Rs. 5.09 bn, following robust & sustainable performance acrass the businesses. Our retail
braking
business which is our cash cow business continued to imprave its market share and benefitting from market
expansion
and industry consolidation. We continue to focus on our strategy to diversify our businesses towards linear sources
of
MOFSL earnings. Our Asset Management business has seen strong improvement in performance and is likely ta gain from
process driven investing and its niche offerings. Our Wealth Management business has delivered consistent
performance
over years and on its way to achieve scale in this business. Our PE business has successfully delivered on fund
raise of its
largest ever fund. Our Housing finance business has witnessed tumaround by improving disbursements and asset
quality
trend which is now geared up for sustainable growth. There is immense potential and opportunities in the market
for
each of our businesses to flourish
4
Company Management Commentary
Mr. R. Venkataraman, Managing Director, commented on the financial results: “Broking business has started gaining momentum
IIFL Securities and is expected to grow in the second half of financial year. It was a good quarter for our investment banking segment with 6
completed transactions. Our continuous endeavor to invest in technology will provide better outcome in the coming quarters.
Prakarsh Gagdani, Whole-Time Director and CEO, 5paisa Capital Ltd., commented on the financial result: “Q2FY23 has been a milestone
quarter as we hit 100 Mn demat accounts in a country. We enter an era where investing in stocks will be going to every house hold. During this
quarter, 5paisa continued to improve its acquisition funnel thereby reducing CAC by 36%. With all our efforts in focusing on revenue, improving
5paisa Capital
cost efficiency we have succeeded in achieving highest ever quarter profit in Q2FY23 of Rs 10.7 Cr (growth of 45% on Q-o-Q and 672% on Y-o-
Y). We will continue to work towards product development, cost optimization & customer experience for providing best investment and trading
platform to accelerate our revenue and profitability.”

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Management Commentary

Company Management Commentary

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