ICICI Securities Q4 net profit jumps 91% to Rs159 crore
During the quarter, ICICI Securities reported revenue of Rs515 crore, up 35% from Rs381 crore in the year ago period
New Delhi: Investment services firm ICICI Securities on Saturday reported a 91% rise in net profit to Rs159 crore in the fourth quarter of 2017-18, compared to Rs83 crore in the year-ago period. This is the first time the company has declared its results since making a stock market debut earlier this month.
During the quarter, ICICI Securities reported revenue of Rs515 crore, up 35% from Rs381 crore in the year ago period. The company’s board recommended a final dividend of Rs3.90 per equity share of face value of Rs5, taking the total dividend for the year to Rs9.40 per share, against Rs6.36 per share in FY17.
For the full financial year 2017-18, ICICI Securities’ revenue rose 32% to Rs1,859 crore as against Rs1,404 crore in FY17. Net profit increased 65% to Rs558 crore as against Rs339 crore in FY17, the company said in a statement.
“This fiscal the company has registered a robust performance in all its business segments. ISec is well positioned to take advantage of the macroeconomic trends of increasing financialisation and equitisation in household savings,” ICICI Securities MD and CEO Shilpa Kumar said.
- Boards that lead: How competent are corporate India’s boards
- IATA’s Mistry says govt should weigh all options before privatization of airports
- Pricing policy that makes airlines lose too much money is a problem: IATA chief
- Executive’s arrest, security worries stymie Huawei’s reach
- Naresh Goyal’s ‘turnaround’ man Nikos Kardassis leaves Jet Airways
Latest News »
Editor's Picks »
- A big gap between the sci-fi side of things and achieving reality: Sethu Vijayakumar
- Will Microsoft Kaizala really do more for the enterprise workforce and expand footprint?
- Opinion | Industry 4.0 and its adoption in connected cars
- Solving enterprise problems with AI
- Anti-dumping duty on Chinese chemical for 5 years
- Markets yet to warm up to KEC International’s record order book
- Indraprastha Gas and Mahanagar Gas shares are low on fuel
- Overhang of capacity constraints lifts for ACC, Ambuja Cements
- Stock market traders fall for the ‘buy rural’ narrative, once again
- Continuing volume momentum puts Indian ports in a good position