ICICI Securities Limited

NSE:ISECFinancial Services

——At close · Market cap —

ISEC · Income statement · TradingHolo

INR billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	16.1	24.4	32.2	33.3	40.7	46.3	+13.9%
Cost of revenue	5.7	7.0	8.8	8.5	4.9	22.2	+351.2%
Gross profit	10.4	17.3	23.4	24.7	35.7	46.3	+29.6%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	0.5	0.9	1.7	1.2	9.5	10.3	+8.5%
Selling & marketing	0.2	0.5	1.2	0.7	0.7	0.0	−100.0%
Operating expenses	3.3	3.4	4.2	4.5	9.5	10.3	+8.5%
Operating income	7.1	13.9	21.2	20.4	31.1	36.0	+15.6%
Interest expense	0.8	1.0	2.7	5.4	9.8	0.0	−100.0%
Interest income	1.3	1.5	2.0	3.3	6.6	0.0	−100.0%
Other income / expense	(3.0)	(4.1)	(2.9)	(6.1)	(8.4)	(9.9)	−18.9%
Pre-tax income	7.5	14.3	18.5	15.0	22.8	26.1	+14.4%
Income tax	2.1	3.6	4.7	3.8	5.8	6.6	+14.3%
Net income	5.4	10.7	13.8	11.2	17.0	19.4	+14.4%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	16.83	33.14	42.86	34.62	52.51	60.20	+14.6%
EPS, diluted (per share)	16.81	33.08	42.69	34.54	52.22	59.76	+14.4%
EBITDA	9.2	16.1	22.0	21.1	33.7	27.7	−17.8%
Depreciation & amortization	8.7	10.3	13.0	13.6	1.1	1.6	+44.0%
Weighted average shares (shares)	322,100,000	322,200,000	322,600,000	322,800,000	323,117,501	324,874,000	+0.5%
Weighted average diluted shares (shares)	322,400,000	322,800,000	323,900,000	323,600,000	324,900,000	324,874,000	−0.0%
Gross margin	64.7%	71.1%	72.8%	74.3%	87.9%	100.0%	+12.1 pts
Operating margin	44.3%	57.1%	66.0%	61.2%	76.6%	77.7%	+1.1 pts
Net margin	33.7%	43.8%	43.0%	33.6%	41.7%	41.9%	+0.2 pts

INR billionsUpdated 30 Jun 2025 ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.