Sensex Today | Stock Market LIVE Updates: ICRA predicts an all-time high in revenue and net profit for the broking industry in FY2024

ICRA has analysed the performance of 29 prominent brokerage companies in H1 FY2024. Supported by improved market activity, ICRA’s sample set of companies reported a sharp 20% annualised growth in the net operating income. Given the benefits of economies of scale, the aggregate profitability of this sample set also improved, with a 24% annualised increase in the net profit and a return on equity of 27% in H1 FY2024 compared to 25% in FY2023. ICRA expects the industry to report all-time high revenues and net profits with a year-on-year (YoY) expansion of 18-22% and 22-25%, respectively, in FY2024.