Here we will talk about the second quarter of ICICI Securities as the public searches for it on the internet. The public is surfing the internet to get more information about ICICI Securities Q2 and not only that, they also like to know its recent news as it has been a trending topic on the internet. So, for our readers, we have provided information about ICICI Securities Q2 in this article. Not only that, we are also going to provide details about your recent news as the public searches for it on the Internet. So, keep reading the article to know more.
ICICI Securities to consider declaring interim dividend
Today, Monday, October 16, the board of directors of ICICI Securities Ltd. will decide whether to declare an interim dividend and unaudited financial statements for the quarter and a half year ended September 30, 2023. If the dividend is declared today, ICICI Securities has set Friday, October 27 as the record date. “We would like to inform you that at its meeting scheduled on Monday, October 16, 2023 in Mumbai, the board of directors of the company will consider, among other things, the approval of the unaudited financial results of the company for the ended quarter and half year on September 30, 2023, and the interim dividend declaration, if applicable.
In a filing to the stock exchange, the company stated that it was “for the payment of the interim dividend if declared, at the board meeting scheduled for Monday, October 16, 2023.” According to Trendlyne, ICICI Securities has declared 12 dividends since August 21, 2018. Over the past 12 months, ICICI Securities declared a capital dividend of 19 per share. At the current share price of 630.70, the dividend yield is 3.01%. For the three months ended June 2023, ICICI Securities reported a 1% decline in consolidated net profit to Rs 270.9 crore. At the same time in the previous quarter, the company made a net profit of Rs 273.6 crore.
The company’s overall operating income rose 18% year-on-year to Rs 934.3 crore from Rs 793.5 crore in Q1FY24. Its profits fell as a result of a 33% rise in total expenses to Rs 570 crore in Q1FY24. The number of clients of ICICI Securities increased by 2.1 lakh during the quarter, taking the total to nearly 93 lakh. The brokerage firm reported that revenue from retail and related equities amounted to Rs 515 million, up 8% year-on-year, and distribution income was Rs 159 million, up 4% year-on-year. On Friday, ICICI Securities share price on BSE closed down 2.20% at 630.80 per share. Stay tuned for the latest news from around the world.
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Source: vtt.edu.vn