ICICI Securities declines despite upbeat December quarter results; read what Anil Singhvi says about Q3 numbers

ICICI Securities Share Price: ICICI Securities shares were trading lower on BSE on Wednesday (January 17, 2024) despite the retail trading and investment firm reported strong December-quarter results a day ago.

The stock of ICICI Securities was trading down by 2.61 per cent, or Rs 20.25, at Rs 764.70 at 10:29 am on Wednesday.

The stock that closed at Rs 785.20 on Tuesday evening opened at Rs 798.85 on Wednesday morning before hitting the day's low of Rs 760.05.  

ICICI Securities Q3 Results

Consolidated profit after tax for the company for the December quarter came in at Rs 466 crore, which was higher by 65.8 per cent to Rs 281 crore Year-on-Year (YoY). 

Consolidated revenue for the company also saw a jump of 50.5 per cent to Rs 1323 crore from Rs 879 crore.

EBIDTA for the quarter under review was Rs 911 crore, a 65.9 per cent upside from Rs 549 crore it clocked in the same quarter last year.   

What Anil Singhvi says about Q3 results

Zee Business managing editor Anil Singhvi is upbeat about the December quarter results of ICICI Securities.

He said it be a strong performance.

He said that the management of the company should review its delisting offer to reward minority shareholders.