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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 ended September 30, 2023. If the dividend is declared today, ICICI Securities has set Friday, October 27 as the record date. “We wish to inform you that the Board of Directors of the Company at its meeting scheduled for Monday, October 16, 2023 in Mumbai will, among other things, consider approving the Company’s unaudited financial results for the quarter and half-year ended September 30, 2023 and the declaration of an interim dividend, if there is a.
In a stock exchange filing, the company said it was “for the payment of an interim dividend if declared, at the board meeting scheduled for Monday, October 16, 2023.” According to Trendlyne, ICICI Securities has announced 12 dividends since August 21, 2018. For the last 12 months, ICICI Securities has announced a stock 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. In the same period of the previous quarter, the company had a net profit of HRK 273.6 million.
The company’s total operating income increased by 18% year-on-year to HRK 934.3 million from HRK 793.5 million in the first quarter of 2024. Their earnings fell on the back of a 33% rise in total expenses to Rs 570 crore in Q1FY24. The number of clients at ICICI Securities grew by 2.1 lakh during the quarter, taking the total to nearly 93 lakh. The brokerage reported that revenue from Retail Equities and Allied totaled 515 kroner, up 8% year-on-year, and distribution revenue totaled 159 kroner, up 4% year-on-year. On Friday, the BSE share price of ICICI Securities closed 2.20% lower at 630.80 per share. Stay tuned for the latest news from around the world.
Categories: Trends
Source: HIS Education