ICICI Securities Share Price: On Monday, October 16, the board of directors of ICICI Securities Ltd. will gather to discuss the potential declaration of an interim dividend and release unaudited financial statements for the quarter and half-year ending on September 30, 2023. If the dividend proposal is approved, the company has set a record date of Friday, October 27.
ICICI Securities Board Meeting – ICICI Securities Dividend
This upcoming board meeting, scheduled for October 16, was revealed in a recent disclosure by ICICI Securities to the stock exchange. Notably, the company has a history of 12 dividend declarations since August 21, 2018, as per data sourced from Trendlyne, including an equity dividend of 19 per share in the past year.
ICICI Securities Financial Performance
In terms of financial performance, ICICI Securities reported a slight 1% dip in consolidated net profit for the quarter ending June 2023, amounting to 270.9 crore, compared to the net profit of 273.6 crore in the corresponding period of the previous quarter. However, the company displayed a positive trend in overall operating revenue, with an impressive 18% year-on-year increase. In the first quarter of FY24, the company’s operating income surged to 934.3 crore, up from 793.5 crore in the previous year. Unfortunately, this growth was offset by a substantial 33% increase in total expenses, reaching 570 crore in the same quarter.
ICICI Securities Growth in Customer Base
Despite the dip in net profit and the rise in expenses, ICICI Securities managed to significantly expand its customer base during the quarter, attracting an additional 2.1 lakh customers, bringing the total to nearly 93 lakh. Furthermore, the firm achieved growth in its Retail Equities and Allied revenue, marking an 8% year-on-year increase to 515 crore. Additionally, the distribution income showed a 4% year-on-year rise, reaching 159 crore. These positive developments highlight the company’s ability to broaden its market reach and revenue streams despite facing some financial challenges.
ICICI Securities Share Price
FAQs
Q: What will be discussed in the board meeting on October 16?
A: The board meeting will cover the potential declaration of an interim dividend and the release of unaudited financial statements.
Q: What is the record date for the interim dividend?
A: The interim dividend’s record date is Friday, October 27.
Q: How many dividends have ICICI Securities declared in the past?
A: ICICI Securities has declared 12 dividends since August 21, 2018.
Q: share price of ICICI securities
A: the share price of ICICI securities 659 on Monday.
