Consolidated profit before tax shed 0.72% YoY to Rs 364.37 crore in Q1 FY24. Interest income jumped 41.1% to Rs 218.06 crore in Q1 FY24 from Rs 307.76 crore in Q1 FY23. This was due to increase in yields and average MTF funding book and fixed deposits.

Brokerage income increased from Rs 342.89 crore in Q1 FY24 to Rs 303.38 crore in Q1 FY23, an increase of 13.0%. This was primarily due to increase in retail equity & derivative volumes.

The Retail Equities and Allied Business reported revenue of Rs 151.1 crore, up 8% YoY in Q1 FY24, due to increase in cash volumes and growth in equity allied business

The Distribution Business reported revenues of Rs 158.7 crore in Q1 FY24, up 4% YoY during the quarter.

Institutional equities & allied revenue business during the quarter was Rs 55.1 crore, up 13% YoY in Q1 FY24, the company said that the growth is attributable to momentum gain in cash ADTOs.

Issuer Services & Advisory revenue grew 3% YoY to Rs 32.6 crore in Q1 FY24. The company has strong IPO pipeline, 41 deals amounting over Rs 73,900 crore; in addition mandate of 22 deals where amount is yet to be decided.

ICICI Private wealth management (PWM) business reported Rs 264 crore of revenue in Q1 FY24, up 15% YoY.

Total clients stood at around 84,000; added approximately 6,000 clients during the quarter

ICICI Securities (I-Sec) is a subsidiary of ICICI Bank. Through its four lines of businesses -- broking, distribution of financial products, wealth management and investment banking-- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.

The scrip fell 0.05% to Rs 631 on the BSE.