2. Business Divisions and Services
HDFC Securities operates as the stock broking and distribution arm of the HDFC Group, providing a wide array of financial products and services:

• Stock Broking Services:
  HDFC Securities offers a comprehensive range of stock broking services, including online trading for both retail and institutional clients. It is affiliated with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), allowing access to a wide variety of financial instruments, including equities, derivatives, and more.
• Financial Products and Advisory Services:
  The company provides investment advisory services and a range of financial products such as mutual funds, initial public offerings (IPOs), and fixed-income instruments. Through its digital platforms, it makes it easy for customers to access these services from anywhere.
• Online Trading Platform:
  HDFC Securities is renowned for its advanced online trading platform, which offers professional traders the tools needed for efficient and effective trading. This platform, designed for both beginners and experienced traders, allows clients to track market movements in real-time and execute trades instantly.
• Research and Analysis:
  The company also offers robust research and analysis tools, providing clients with detailed insights into market trends, financial instruments, and potential investment opportunities. These services help clients make well-informed decisions in the fast-moving financial market.

3. Financial Highlights of HDFC Securities
HDFC Securities has demonstrated strong financial performance over the years. Below are some key financial highlights based on the latest available data:

• Revenue Growth:
  In FY2024, HDFC Securities reported a total revenue of ₹2,660 crore, marking a notable increase from ₹1,874 crore in FY2023. This revenue growth is reflective of the company’s strong performance in the stock broking segment and the expanding customer base.
• Profit After Tax (PAT):
  The company’s PAT for FY2024 stood at ₹951 crore, an increase from ₹777 crore in FY2023. This strong growth in profitability indicates effective cost management and a stable business model.
• Margins and Profitability:
  HDFC Securities maintained impressive margins, with an Operating Profit Margin (OPM) of 72.78% in FY2024, slightly down from 73.48% in FY2023 but still indicative of strong profitability. Its EBIT margin stood at 70.38%, showing its ability to generate profits despite challenges in the market.
• Earnings Per Share (EPS):
  The EPS for FY2024 was ₹595.49, up from ₹491.77 in FY2023. This growth in EPS indicates that the company is generating value for its shareholders and enhancing profitability.
• Market Valuation and P/E Ratio:
  As of the latest valuation, HDFC Securities is valued at approximately ₹20,000 crore, based on its share price of ₹12,400 and 1.583 crore outstanding shares. The Price-to-Earnings (P/E) ratio stands at 25x, reflecting a stable valuation relative to the company’s earnings.

Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided