New Delhi, April 14 (PTI) Investment services firm ICICI Securities today reported a 91 per cent rise in net profit to Rs 159 crore in the fourth quarter of 2017-18, compared to Rs 83 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 Rs 515 crore, up 35 per cent from Rs 381 crore in the year ago period. The company’s board recommended a final dividend of Rs 3.90 per equity share of face value of Rs 5, taking the total dividend for the year to Rs 9.40 per share, against Rs 6.36 per share in FY17.
For the full financial year 2017-18, ICICI Securities’ revenue rose 32 per cent to Rs 1,859 crore as against Rs 1,404 crore in FY17. Net profit increased 65 per cent to Rs 558 crore as against 339 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.
This is published unedited from the PTI feed.