HDFC Securities Limited Unlisted Shares Annual Reports

HDFC Securities Limited Unlisted Shares

Innovating and Adapting for Success: HDFC Securities Annual Report 2024 Overview: HDFC Securities, a subsidiary of HDFC Bank, emphasizes innovation and technology in India’s stock broking sector. Since its establishment in 2000, it has aimed to meet the diverse needs of retail and institutional investors. Key Highlights: * **Market Growth:** India is projected to become the third-largest economy by 2027. The number of demat accounts reached 151 million in March 2024, with an average of 3.1 million new accounts opened monthly. * **HDFC SKY Launch:** HDFC Securities launched HDFC SKY, a mobile trading app designed to support investors with various trading instruments and real-time market data. The app features caution nudges, customizable watchlists, and a flat pricing model. * **InvestRight:** The InvestRight app offers tools for making informed investment decisions, featuring real-time event updates and research-backed information. Financial Performance: * **Brokerage and Fee Income:** Increased to ₹1,597 crore in FY24. * **Profit After Tax (PAT):** Increased to ₹951 crore in FY24. * **Earnings Per Share (EPS):** Increased to ₹597 in FY24. * **Total Active Clients:** Reached 1.21 million. * **Dividend Per Share:** ₹510 in FY24. * **CSR Spend:** ₹22.06 crore. Business Highlights for FY 23-24: * **Digital Brokerage:** 84% of brokerage attributed to digital sources. * **Customer Base:** 53,82,198. * **Experienced Employees:** Over 700 employees with 5+ years at HDFC Securities. * **Trading Clients:** 12,14,713 transacting clients. * **MTF Book Size:** ₹4,855 Cr. * **Book Size at Year-End:** ₹6,033 Cr. * **Revenue per Employee:** ₹84.54 lacs. * **Active Transacting Clients:** 1.09 million. * **IPO Volume:** ₹1,19,790.84 Cr. * **Total Number of RMs:** 1,400+. * **Average Daily Turnover Increase:** 113.42%. Strategic Direction and Initiatives: * **Technology Investment:** HDFC Securities focuses on technology to enhance trading platforms and features, aiming to provide a comprehensive experience to investors. * **Expansion to GIFT City:** The company is setting up a subsidiary in Gujarat International Finance Tec-City. * **Customer-Centric Solutions:** The firm offers tailored products and services to meet diverse customer needs, including those of millennials, professionals, and senior citizens. Regulatory Compliance: * The company geared up systems and processes according to SEBI's regulatory guidelines. * Regulatory changes are leveraged for strategic advantage, including T+0 settlement implementation. Growth & Future Outlook: * The company reported a 2.5-fold growth in profitability over the past 4 years. The number of customers has crossed the 5 million mark. * The finance ministry expects the country’s GDP to more than double from $3.5 trillion to $7.3 trillion by 2030. Third-Party Investment Success: * **Mutual Fund:** Established as one of the highest contributors among NDs in NFO business and doubled the SIP registration numbers. * **SGB:** Strengthened distributor position with BSE. B2B Synergy: * Leveraged technology to enhance partner onboarding and provide high-tech upgrades to AP model. Social Responsibility: * HDFC Securities engages in Corporate Social Responsibility (CSR) projects, focusing on education, healthcare, and environmental concerns. Board and Management: * The report includes profiles of the Board members, including Neeraj Swaroop (Chairman), Dhiraj Relli (Managing Director & CEO), and independent directors such as Samir Bhatia and Malay Patel. * It also lists the senior management team. Financial Statements & Audit: * The report includes audited financial statements as per IND AS, highlighting Total Income, Profit After Tax, and key financial positions. * Auditor's report by S.R. Batliboi & Co. LLP emphasizes compliance with accounting standards and internal financial controls. A Qualified Opinion regarding internal financial controls. Additional Points: * Details of board meetings, composition of committees, and compliance with regulatory requirements are provided. * Detailed information on CSR activities, including project details and expenditure, is included. * The report also covers details of remuneration policies, employee stock options, and material related-party transactions. The Indian economy is expected to grow strongly, supported by favorable conditions and government initiatives. HDFC Securities is committed to supporting financial inclusion and delivering value to its stakeholders.

HDFC Securities Limited Unlisted Shares

The document is a letter from HDFC Securities Limited to BSE Limited, dated April 14th, 2023, regarding the submission of audited financial results for the year ended March 31st, 2023. This submission is made under Regulation 52 (1) and (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The letter states that the commercial papers issued by HDFC Securities Limited were listed on the Stock Exchange starting January 15th, 2020. A copy of the audited financial results under IND-AS for the year ending March 31st, 2023, approved by the Board of Directors on April 14th, 2023, is enclosed, along with the report of the statutory auditors. The document also includes an independent auditor's report from BSR & Co. LLP, Chartered Accountants, to the Board of Directors of HDFC Securities Limited. BSR & Co. LLP reports on the audit of the annual financial results. Their opinion is that the annual financial results for the year ended March 31st, 2023, are presented in accordance with Regulation 33 and Regulation 52(4) of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021. Furthermore, they give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the year ended 31 March 2023. The auditor's responsibilities include obtaining reasonable assurance about whether the annual financial results are free from material misstatement and issuing an auditor's report that includes their opinion. They are also responsible for identifying and assessing the risks of material misstatement, obtaining an understanding of internal control relevant to the audit, evaluating the appropriateness of accounting policies used, and concluding on the appropriateness of management's use of the going concern basis of accounting. The annual financial results include the results for the quarter ended 31 March 2023 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us. The document also includes the Statement of Assets and Liabilities. As of March 31, 2023, HDFC Securities Limited's Total Assets was 8,26,800 lacs as compared to March 31, 2022, where the Total Assets was 7,92,254. On March 31, 2023 the Total Liabilities and Equity was 8,26,800 lacs as compared to March 31, 2022, where the Total Liabilities and Equity was 7,92,254. The document includes the Statement of Audited Financial Results for the quarter and year ended 31 March 2023. The Total Income for the year ending March 31, 2023 was 1,89,163 lacs as compared to March 31, 2022, where the Total Income was 1,99,031. The Profit for the period/year (V-VI) was 77,722 lacs, as compared to March 31, 2022, where the Profit for the period/year (V-VI) was 98,434 lacs. The document includes the Cash Flow Statement for the quarter and year ended 31 March 2023. The Net Cash used in operating activities as of March 31, 2023 was 37,088, as compared to March 31, 2022, where the Net Cash used in operating activities was (86,184). During the period, the Company had declared and paid interim dividend_1 of 110 per share amounting to 17,412 lacs, interim dividend_2 of 110 per share amounting to 17,447 lacs, interim dividend_3 of 110 per share amounting to 17,448 lacs and interim dividend_4 of 110 per share amounting to 17,484 lacs including tax deduction at source. During the period, the Company had issued commercial papers of 18,56,600 lacs and redeemed commercial papers of 18,71,600 lacs. The document also includes the Details of Commercial Papers matured during the year ended 31 March 2023.

HDFC Securities Limited Unlisted Shares

The following is a comprehensive summary of the HDFC Securities Limited Annual Report for 2021-2022. **Overview and Strategy:** HDFC Securities is committed to empowering investors in a volatile (VUCA) market by providing powerful analytics and encouraging long-term investing strategies. The company has adopted a digital expansion strategy, launching digital centers and enhancing its partner network. They focus on extensive research to inform clients on market movements and identify opportunities. HDFC securities is focusing our efforts on extensive research so that our clients can benefit from the analyses. **Key Metrics and Financial Performance:** The company saw growth in several key areas: * Total income increased by 42% to ₹1,990.3 crore. * Profit after tax (PAT) increased by 40% to ₹9.9 Billion * Earnings per share (EPS) climbed to ₹623 in FY2022, from ₹447 in FY2021 * Brokerage and Fee Income: 1,409 (in Cr.) in FY 22 from 708 (in Cr.) in FY 18. * Earnings per share (In ₹): 623 in FY 22 from 222 in FY 18. * Profit after Tax (in Cr.): 984 in FY 22 from 341 in FY 18. * Overall Active Clients (In Million): 1.23 in FY 22 from 0.65 in FY 18. * Dividend Per share (In ₹): 547 in FY 22 from 110 in FY 18. * CSR Spends (in Cr.): 13.00 in FY 22 from 5.83 in FY 18. * The company now caters its financial products to a 41% larger crowd. **Business Highlights:** * 91% of active customers (1.2+ Million) rely on HDFC securities' seamless digital services. * More than 1.2 Million (12.33 Lakh) actively transacting customers in FY 2021-22. * Brokerage from the mobile application generated ₹585.67 Cr, 15% higher than the previous year. * 26% of the total workforce has been with the company for 5 or more years. * 85% of customers are onboarded through digital platforms. * Revenue per employee rose to ₹68.54 Lakh, 5% higher than the previous year. * Total IPOs: 54, Total Applications: 1.66 Crore, Volume ₹463.88 Cr * Margin Trade Funding (MTF) book size stood at ₹2,992 Cr, higher by 221% compared to the previous financial year. * 86% of total brokerage originates from digital sources. **Financial Instruments and Services:** HDFC securities offers a variety of investments and direct trading services. This includes equities, currency derivatives, mutual funds, NCDs, fixed deposits, bonds, basket investing, global investing, and PMS/AIF. **Digital Initiatives:** HDFC Securities is expanding its digital presence with plans to operate 13 Digital Centers across India, acting as propellers for customers to get more out of their digital engagement with HSL platforms. As of this report, 10 are already operational. The company is also focused on improving the partner onboarding experience with a partner portal. **Customer Communication:** HDFC securities aims for simple and powerful customer communication. This is reflected through the use of clean, bold colors, and an easy-to-understand tone in online and offline platforms. The brand strives to convey transparency, honesty, and a balance between friendliness and professionalism. **Social Media Presence:** The report highlights significant growth in social media followers across various platforms. The company is celebrating 1Mn followers across social media. **Corporate Social Responsibility (CSR):** HDFC securities is dedicated to community empowerment through various CSR projects. Focus areas include education, medical assistance, health, sanitation, sports, and skill development. 2% of the Net profit: INR 13,00,00,000 is contributed to their programs. HDFC securities has partnered with Nana Palkar Smruti Samiti and Olympic Gold Quest (OGQ). **Board and Management:** The annual report includes profiles of the Board of Directors and details of the Senior Management Team. Mr. Dhiraj Relli is the MD & CEO. The Board has 5 directors, all of which (except Mr. Relli and Mr. Ashish Rathi) are independent, non-executive directors. **Auditor's Report:** The report includes the independent auditor's report, which expresses an opinion on the financial statements. They state the company has adequate internal financial controls with reference to financial statements. **Financial Review Details** *Total Income: ₹1,990.3 lacs *Profit before tax: ₹1,320.3 lacs *Profit after tax: ₹984.3 lacs The company has been compliant with regulatory standards, maintenance of records, and ethical governance, with details provided within. Specific details of various schedules, from trade to equity, etc., are described. This comprehensive summary provides a thorough understanding of the HDFC Securities Limited Annual Report for 2021-2022, covering its strategy, performance, initiatives, and financials.