ICICI Securities revenue jumps over 74% to ₹1,543 crore; declares dividend of ₹17 per share

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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ICICI Securities on Thursday, April 18, reported a consolidated net profit of ₹536.5 crore in the January-March quarter of the financial year 2023-24, compared to ₹262.7 crore the company had declared a year ago in the same period.

The ICICI Group firm’s consolidated revenue rose 74.4% on a year-on-year (YoY) basis to₹1,543.2 crore in Q4FY24. The company had posted a revenue of ₹884.8 crore in the year-ago period. The strong jump in growth came on the back of a rise in broking income in the cash segment and growth in the Investment banking segment.

ICICI Securities consolidated EBITDA rose more than 96% to₹1,079.3 crore in the fourth quarter of the financial year 2023-24. The EBITDA in Q4FY23 came in at ₹550 crore.

#4QWithCNBCTV18 | ICICI Securities reports #Q4 earnings👇

➡️Cons profit at ₹536.5 cr vs ₹262.7 cr (YoY)
➡️Cons revenue up 74.4% at ₹1,543.2 cr vs ₹884.8 cr (YoY)
➡️Cons EBITDA up 96.2% at ₹1,079.3 cr vs ₹550 cr (YoY)
➡️Cons margin at 69.9% vs 62.2% (YoY) pic.twitter.com/kM1IGy8aBF

— CNBC-TV18 (@CNBCTV18Live) April 18, 2024

ICICI Securities margin came in at 69.9% in the quarter under consideration, compared to 62.2% declared a year ago in the same quarter.

ICICI Securities dividend news

The board of ICICI Securities also approved the payment of a second interim dividend of ₹17 per equity share of face value of ₹5 each to its shareholders. The record date for the same will be April 16 and the dividend amount will be credited on or before May 18.

ICICI Securities share price

ICICI Securities share price corrected 1.3% in trade today, settling at ₹703.15 apiece on the NSE at close. The scrip has corrected nearly 4% in the last five sessions, but the one-year return on the stock is over 52%.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow