ICICI Securities To Consider Declaring Interim Dividend

Here we will talk about the ICICI Securities Q2 as the public is searching about it over the internet. The public is going through the internet to learn more about ICICI Securities Q2 and not only that they also like to know about its recent news as it’s been a trending topic over the internet. So, for our readers, we have brought information about ICICI Securities Q2 in this article. Not only that we are also going to give the details about its recent news as the public is searching about it over the internet. So, keep reading through 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 half year that ended on 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 for Monday, October 16, 2023, in Mumbai, the board of directors of the company will, among other things, consider approval of the unaudited financial results of the Company for the quarter and half year ended September 30, 2023, and the declaration of interim dividend, if any.

In a filing with the stock exchange, the business stated that it was “for the payment of interim dividend if declared, at the board meeting scheduled to take place on Monday, October 16, 2023.” According to Trendlyne, ICICI Securities has declared 12 dividends since August 21, 2018. For the last 12 months, ICICI Securities declared an equity dividend of 19 per share. At the stock’s current price of 630.70, the dividend yield is 3.01%. For the three months ending in June 2023, ICICI Securities reported a 1% decline in consolidated net profit at 270.9 crore. In the comparable time of the prior quarter, the company had a net profit of 273.6 crore.

The company’s overall operating revenue increased 18% YoY to 934.3 crore from 793.5 crore in Q1FY24. Their earnings fell as a result of a 33% rise in total expenses to 570 crore in Q1FY24. The number of customers at ICICI Securities increased by 2.1 lakh during the quarter, bringing the total to almost 93 lakh. The broking firm reported that Retail Equities and Allied revenue totalled 515 crore, up 8% YoY, and distribution income was 159 crore, up 4% YoY. On Friday, the BSE share price of ICICI Securities closed 2.20% lower at 630.80 per share.  Stay tuned with us for the latest news from all around the world.

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