{"id":6335,"date":"2024-01-16T06:18:02","date_gmt":"2024-01-16T06:18:02","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=6335"},"modified":"2024-01-16T06:18:03","modified_gmt":"2024-01-16T06:18:03","slug":"broking-industry","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/broking-industry\/","title":{"rendered":"Broking Industry Set for All-Time Highs in FY24: ICRA Report Highlights"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Strong_Growth_Trends_in_Broking_Industry_During_H1_FY2024\" >Strong Growth Trends in Broking Industry During H1 FY2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Improved_Broking_Industry_Profitability_and_Positive_Returns_in_H1_FY2024\" >Improved Broking Industry Profitability and Positive Returns in H1 FY2024<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Recovery_in_Secondary_Market_Returns_and_Foreign_Investor_Confidence\" >Recovery in Secondary Market Returns and Foreign Investor Confidence<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Positive_Outlook_for_Retail_Participation_and_Market_Activity\" >Positive Outlook for Retail Participation and Market Activity<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Surge_in_Cash_Segment_Turnover_and_Margin_Trade_Funding\" >Surge in Cash Segment Turnover and Margin Trade Funding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Robust_Retail_Investor_Engagement_in_Futures_Options_Segment\" >Robust Retail Investor Engagement in Futures &amp; Options Segment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Broking_Industrys_Resilience_and_Untapped_Growth_Potential\" >Broking Industry&#8217;s Resilience and Untapped Growth Potential<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Evolving_Market_Dynamics_and_Brokerage_Entities_Financial_Leverage\" >Evolving Market Dynamics and Brokerage Entities&#8217; Financial Leverage<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shoonya.com\/blog\/broking-industry\/#Unlocking_Opportunities_in_the_Broking_Industry_for_Traders_and_Investors\" >Unlocking Opportunities in the Broking Industry for Traders and Investors<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/latest-news\/\">News<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Broking Industry Set for All-Time Highs in FY24: ICRA Report Highlights<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The broking industry is poised to achieve record-breaking revenues and net profits in the fiscal year 2024, propelled by a resurgence in investor sentiment, as indicated by a report from ICRA, a leading rating agency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strong_Growth_Trends_in_Broking_Industry_During_H1_FY2024\"><\/span>Strong Growth Trends in Broking Industry During H1 FY2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Analysing data from 29 prominent brokerage companies in the first half of FY24, the report unveils a substantial 20 percent annualised growth in net operating income, attributing the surge to an upswing in market activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Improved_Broking_Industry_Profitability_and_Positive_Returns_in_H1_FY2024\"><\/span>Improved Broking Industry Profitability and Positive Returns in H1 FY2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The aggregated profitability of the sample set witnessed a noteworthy improvement, with a 24 percent annualised increase in net profit and a robust return on equity reaching 27 percent in H1 FY2024. Projections from the report suggest an 18-22 percent increase in broking industry revenues and a 22-25 percent rise in net profits YoY for FY24.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recovery_in_Secondary_Market_Returns_and_Foreign_Investor_Confidence\"><\/span>Recovery in Secondary Market Returns and Foreign Investor Confidence<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The ICRA report highlights a recovery in secondary market returns in the current fiscal, with major benchmark indices hitting new highs. Sustained participation of domestic investors and a shift in foreign portfolio investors and foreign institutional investors from net sellers to net buyers in the first 10 months of FY24 contributed to this positive trend.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Positive_Outlook_for_Retail_Participation_and_Market_Activity\"><\/span>Positive Outlook for Retail Participation and Market Activity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Deep Inder Singh, Vice President \u2013 Financial Sector Ratings at ICRA, emphasizes the expansion of the active National Stock Exchange (NSE) client base, driven by a revival in primary market activity and improving secondary market returns. The report predicts sustained retail participation with a healthy IPO pipeline contributing to market exuberance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Surge_in_Cash_Segment_Turnover_and_Margin_Trade_Funding\"><\/span>Surge in Cash Segment Turnover and Margin Trade Funding<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The cash segment&#8217;s average daily turnover rebounded by 27 percent in H1 FY2024, reaching Rs. 0.73 lakh crore, and the margin trade funding (MTF) segment experienced significant growth, rising by 98 percent from March 2023 to \u20b951,000 crore on December 28, 2023.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Robust_Retail_Investor_Engagement_in_Futures_Options_Segment\"><\/span>Robust Retail Investor Engagement in Futures &amp; Options Segment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Retail investors continue to actively participate in the futures &amp; options segment, driven by various factors, including new <a href=\"https:\/\/shoonya.com\/blog\/basics-of-index-options\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">index options<\/mark><\/a>, miniaturisation of contracts, and separate weekly expiries for each index option. The number of contracts traded has increased substantially, reflecting strong retail investor engagement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Broking_Industrys_Resilience_and_Untapped_Growth_Potential\"><\/span>Broking Industry&#8217;s Resilience and Untapped Growth Potential<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite potential short-term impacts on retail investor participation, ICRA suggests the broking industry&#8217;s resilience. The modest share of the equity segment in household savings indicates untapped potential for sustainable growth over the long term.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Evolving_Market_Dynamics_and_Brokerage_Entities_Financial_Leverage\"><\/span>Evolving Market Dynamics and Brokerage Entities&#8217; Financial Leverage<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The report notes evolving market dynamics with an increase in financial leverage for brokerage entities due to the material scale-up of the MTF and heightened working capital requirements. Borrowings by brokerage entities have seen an increase, with different categories of brokers experiencing varying levels of financial leverage.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Unlocking_Opportunities_in_the_Broking_Industry_for_Traders_and_Investors\"><\/span><strong>Unlocking Opportunities in the Broking Industry for Traders and Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The broking industry is getting ready for some really good times in the financial year 2024. This means there are a bunch of exciting chances for people who trade and invest money.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the money comes in and the profits are expected to grow, traders can look at different ways to make more money. The happy conditions, shown by more regular people taking part and a strong plan for new companies to join the stock market, suggest a positive direction for people who want their money to grow steadily. This time of big growth gives a chance for smart moves and good choices, asking both experienced and new market players to deal confidently with the changing financial world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In summary, the broking industry is on track to achieve remarkable milestones in FY24, driven by positive market dynamics, increased investor confidence, and evolving trends in financial leverage among brokerage entities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p 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Strong Growth Trends in Broking Industry During H1 FY2024 Analysing data from 29 prominent brokerage companies in the first half &hellip; <a href=\"https:\/\/shoonya.com\/blog\/broking-industry\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Broking Industry Set for All-Time Highs in FY24: ICRA Report Highlights&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":6336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[3034,3036,3035,2016],"class_list":["post-6335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-broking-industry","tag-broking-industry-profitability","tag-broking-industry-revenue","tag-foreign-portfolio-investors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Broking Industry: FY24 Revenue &amp; Profit Surge | ICRA Report<\/title>\n<meta name=\"description\" content=\"Explore the ICRA report revealing the Broking Industry&#039;s anticipated record highs in revenues and net profits for FY24. 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