HDFC Security posted excellent FY20 numbers- 20042020

On 16.04.2020, the HDFC Securities has informed on BSE regarding its yearly financials. And not to anyone surprise, the stock-broker has shown phenomenal growth amid the slowdown in trading activity during FY19-20. Below, is the snapshot of the results and comparison with last year. Figures are in Cr.

Year Revenue Expense PAT Shares EPS
2019 770 275 329 1.561 210.73
2020 857 353 384 1.573 244.1

1. HDFC Securities has shown a robust growth of 11.29% in top-line despite a slowdown. Two main sources of the revneue i.e the brokerage Income has shown growth of 5.36%, & Interest Income has shown a growth of 145%.

2. The PAT has shown a growth of 16.71% in FY20 as compared to last year.

3. In FY20, Employee benefit expense has gone to 196 cr as compared to 152 cr last year.

4. Currently, it is trading at Rs.7500 in the Unlisted market, valuing the company at 11,797 Cr, while its nearest pear, ICICI Securities, is trading at 10,950 Cr. However, the revenue of ICICI Securities in FY19 was almost twice that of HDFC Securities.

The results can be accessed at link.

 

    HDFC Security at current market price of 7500 looks on higher side as compared to its peer.