Dear Shareholders,
For more than 25 years, Inventure Growth and Securities Ltd. (IGSL) has been at the
forefront of helping investors on how to engage in the equities market. Throughout our
journey, we have continuously evolved to ensure that our clients benefit from cutting-edge
technology and convenient services in today's digital landscape. As India's economy
continues to demonstrate robust growth, reflected in the performance of both major stock
market indices, we remain optimistic about the nation's economic prospects.
The industry has seen significant growth in average daily turnover (ADTO) for equity
markets, both cash and futures and options (F&O), during FY2024. The average daily
turnover in the equity cash segment of the National Stock Exchange (NSE) experienced a
notable decline of 13.33% Month on Month (MoM), reaching Rs.1.02 lakh crore. This decline
marked the most significant drop since October 2023.
Our relentless focus on strengthening our tech platform has been a cornerstone of our
success. This is evidenced by our strong financial performance. In Q4 FY24, Profit After
Tax (PAT) surged by 67% to Rs. 7 crore compared to Rs. 4.20 crore in the corresponding
period of the previous year. Revenue grew by 81% to Rs. 21.81 crore, while operating
profit increased by 89% year-on-year to Rs. 11.26 crore, resulting in an Operating Profit
Margin (OPM) of 51.17%.
India has demonstrated exceptional economic growth, with nominal GDP compounding at a
9.6% rate since the turn of the century. This sustained expansion is anticipated to
continue. The country's market capitalization has compounded at 24.5%, while the Nifty 50
index has exhibited a 28% annualized return over the same period.
Rising interest rates coupled with these macroeconomic trends have precipitated a
significant sh ift in investor behavior. A growing preference for equity investments over
traditional bank deposits is evident. The surge in demat account openings, compounding at
an extraordinary rate to reach 15 crore by March 2024, underscores this transformative
trend.
I want to express my gratitude to our shareholders for your ongoing support. Your
involvement in our business is what enables us to succeed.
I wish you all the best!
Thanks and regards.
Kanji Bachubhai Rita (Chairman & Managing Director)