ICICI Securities reported a 3.22% growth in its net consolidated profit after tax (PAT) to Rs. 134.22 crores for the three months ended September 30 as compared to a net profit of Rs. 130.03 crore in July-September quarter of 2017-18, ICICI Securities said in a filing to the stock exchanges.
The company’s revenues grew to Rs. 458.10 crores in the period under review from Rs. 455.28 crore in the second quarter ended September 30, 2017. During the second quarter of the current fiscal, the company’s booking revenue with interest income rose 4% to Rs. 292 crores, while revenue from distribution business surged 19% to Rs. 128 crore.
For the half year period ended September 30, the firm posted an 8% increase in its PAT to Rs. 268 crore, against Rs. 248 crore registered in April-September 2017-18, while revenue climbed 4% to Rs. 894 crore in the period under review as against Rs. 857 crore in the year-ago period. The company also declared an interim dividend Rs. 3.70 per share.
Ina separate statement, ICICI Securities said that they have appointed Vinod Kumar Dhall as the chairman of the company. Dhall, who served as a secretary in the ministry of corporate affairs, was instrumental in setting up the Serious Fraud Investigation Office and initiated the pioneering e-governance project MCA21.
He has also served as an acting chairman of the Competition Commission of India until 2008. He has long experience in economic and industrial matters and regulatory experience, including as a member, Sebi and insurance.