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Broking income soars in Q3 amid new client additions, shows data

ICICI Securities saw brokerage income jump 61 per cent, while Motilal Oswal saw strong traction in cash market share and the highest ever quarterly client addition

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broking business | Stock broking | broking

Ashley Coutinho  |  Mumbai 

Broking income soars in Q3 amid new client additions, shows data
Broking and distribution business profit grew 59 per cent YoY to Rs 77 crore, led by healthy volume growth of 98 per cent YoY and gain in market share

Listed brokerages recorded a steep rise in revenues and net profit in Q3FY21, as new customer acquisitions, coupled with surging fees and commissions, gave a boost to income.

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First Published: Thu, February 04 2021. 23:08 IST
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