ICICI Securities To Consider Interim Dividend Along With Q2 Results

In this article, we are going to share the ICICI Securities Q2 results. The ICICI Securities Ltd board of directors is going to declare the interim dividend with some unaudited financial statements for the quarter and also a half year which concludes 30th September 2023. The result was declared on 16th October 2023, Monday. ICICI has fixed 27th October 2023, Friday as the date for the dividend payments has been officially declared today. To know everything regarding the results read this article till the end and do not miss any single line of this article if you want to learn every single point of this article.

ICICI Securities

We are going to share that the board of directors of ICICI Securities is going to inter alia and it is considered the unaudited financial results of the entire company for the quarter and half year which need up on 30th September 2023. So the meeting regarding the results of Q2 was held on 16th October 2023, Monday in Mumbai. Regarding the motive of the interim dividend if it has been declared during the board meeting which is held today, this has been said by the company in an exchange filing. Scroll down to the next paragraph to learn more about it.

As per Trendlyne, from 21st August 2018, ICICI Securities has officially declared 12 dividends. ICICI Securities has also declared an equity dividend of Rs. 19 per share from the last 12 months. Also, the dividend has been yielded at the recent share price of Rs. 630.70 is 3.01%. It has been reported by ICICI securities that there is a 1% fall in the consolidated net profit at Rs. 270.9 crores for the quarter which needs up in June 2023. Also, ICICI Securities has posted a net profit of Rs. 273.6 crore in the same period in the last quarter of 2023. As per the Q1FY24, ICICI Securities has an overall revenue from the operations that has risen 18% YoY to Rs. 934.3 crore from Rs. 793.5 crore. Continue reading this article to know more.

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Broking Firm has claimed that at the time of the quarter, the company has added 2.1 lakh clients and it has taken the overall customer base to approximately 93 lakh. Also, the Allied and Retail Equities revenue has come at Rs. 515 crore up to 8%, YoY, and the distribution income was around Rs. 159 crore which is up to 4% YoY. On Friday, the ICICI Securities share price ended up at 2.20% down to Rs. 630.80 apiece on the BSE.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging