ICICI Securities jumps over 2.30% after reporting strong operational Q4 results

ICICI Securities Share Price: ICICI Securities jumped over 2.30 per cent on BSE on Friday (April 19, 2024) a day after the company reported strong March quarter operational results.

ICICI Securities opened at Rs 719.65 on Friday, which was its day high and 2.33 per cent higher than the previous close of Rs 703.25.

The stock was trading higher by 0.45 per cent, or Rs 3.15, at Rs 706.40 at 10:51 am on Friday.

ICICI Securities Conso YoY Q4 results

The firm's profit after tax (PAT) skyrocketed by 104.20 per cent to Rs 537 crore in the March quarter from Rs 263 crore Year-on-Year (YoY).

The company's revenue were also up by 74.30 per cent to Rs 1,543 crore in Q4 against Rs 885 crore in the same quarter last fiscal.

ICICI Securities reported strong operational results as its EBIDTA rose by 96.8 per cent to Rs 1,079 crore in the fourth quarter against Rs 548 crore YoY.

Its margin also rose to 69.9 per cent in the January-March quarter against 61.9 per cent in the same quarter last year.

The company also declared a dividend of Rs 17 per share.

The record date for the dividend is April 26.

ICICI Securities has re-appointed Vijay Chandok as MD & CEO.

His appointment will be effective from May 7.

T.K. Srirang was appointed as joint MD.

The appointment will be effective from May 1.