ICICI Securities Q2 Profit Surges 25% to Rs 529 Crore
By Rediff Money Desk, New Delhi Oct 22, 2024 15:43
ICICI Securities reports a 25% YoY jump in Q2 profit to Rs 529 crore, driven by strong performance in broking and distribution. Total income also surged to Rs 1,707 crore.
New Delhi, Oct 22 (PTI) ICICI Securities, a part of the ICICI Group, on Tuesday reported a 25 per cent year-on-year growth in profit after tax to Rs 529 crore in three months ended September 2024.
In comparison, the company had posted a PAT (profit after tax) of Rs 424 crore in the year-ago period, the brokerage house said in a filing to stock exchanges.
Total income rose 37 per cent to Rs 1,707 crore in the July-September quarter of the current financial year (FY25) from Rs 1,249 crore in the same quarter preceding fiscal.
The surge in total income was driven by revenues from the broking and distribution business.
Shares of ICICI Securities settled 0.71 per cent lower at Rs 844 on the BSE.
In comparison, the company had posted a PAT (profit after tax) of Rs 424 crore in the year-ago period, the brokerage house said in a filing to stock exchanges.
Total income rose 37 per cent to Rs 1,707 crore in the July-September quarter of the current financial year (FY25) from Rs 1,249 crore in the same quarter preceding fiscal.
The surge in total income was driven by revenues from the broking and distribution business.
Shares of ICICI Securities settled 0.71 per cent lower at Rs 844 on the BSE.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- G G Engineering
- 2.13 (+ 12.11)
- 70001344
- Vodafone Idea L
- 7.67 ( -5.66)
- 68482952
- Srestha Finvest
- 0.66 ( -4.35)
- 32525731
- GTL Infrastructure
- 1.98 ( -4.81)
- 26692659
- AvanceTechnologies
- 0.82 (+ 2.50)
- 23608944
MORE NEWS
Cryptocurrency Risks to Financial Stability:...
RBI Governor Shantikanta Das warns of significant risks to financial stability posed by...
Soft Landing of Global Economy Possible:...
India's Finance Minister Nirmala Sitharaman says a soft landing of the global economy...
Coal India Q2 Profit Drops 22% to Rs 6,275 Cr
Coal India Ltd (CIL) reported a 22% drop in consolidated profit for the quarter ended...