ICICI Securities To Consider Declaring Interim Dividend
Discover the latest updates on ICICI Securities Q2 and delve into its recent news in our comprehensive article. As the public searches for more information about ICICI Securities Q2, we bring you all the details you need to know. From the board of directors’ decision on interim dividends to unaudited financial statements, we have you covered. Read on to stay informed about the trending topic of ICICI Securities Q2.
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ICICI Securities Q2: Dividend Declaration and Financial Results
ICICI Securities Ltd. is a company that has garnered significant attention recently, with people searching for information about its Q2 performance and recent news. In this article, we aim to provide our readers with comprehensive details about ICICI Securities Q2 and its latest developments.
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Board Meeting and Dividend Declaration
Today, on Monday, October 16, the board of directors of ICICI Securities Ltd. will convene to decide whether to declare an interim dividend and release unaudited financial statements for the quarter and half-year ending on September 30, 2023. If the dividend is approved, ICICI Securities has set Friday, October 27 as the record date.
The company has informed the stock exchange that the board meeting scheduled for Monday, October 16, 2023, in Mumbai, will include discussions on the approval of unaudited financial results for the quarter and half-year ending September 30, 2023, as well as the potential declaration of an interim dividend.
Unaudited Financial Results for Q2 and Half Year
According to Trendlyne, ICICI Securities has declared 12 dividends since August 21, 2018. In the last 12 months, the company declared an equity dividend of 19 per share. With the current stock price at 630.70, the dividend yield stands at 3.01%.
For the three months ending in June 2023, ICICI Securities reported a 1% decline in consolidated net profit, amounting to 270.9 crore. In the same period of the previous quarter, the company had a net profit of 273.6 crore.
The overall operating revenue of ICICI Securities increased by 18% YoY to 934.3 crore from 793.5 crore in Q1FY24. However, their earnings were impacted by a 33% rise in total expenses, reaching 570 crore in Q1FY24.
During the quarter, the number of customers at ICICI Securities increased by 2.1 lakh, bringing the total to almost 93 lakh. The broking firm reported that Retail Equities and Allied revenue totaled 515 crore, up 8% YoY, and distribution income was 159 crore, up 4% YoY.
On Friday, the BSE share price of ICICI Securities closed 2.20% lower at 630.80 per share.
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Recent News and Updates
ICICI Securities Ltd. has been making headlines with its recent developments and updates. Let’s delve into the latest news surrounding the company.
Dividend Payment and Record Date
As mentioned earlier, the board of directors of ICICI Securities will decide on the declaration of an interim dividend during their meeting on Monday, October 16. If approved, the company has set Friday, October 27 as the record date for the dividend payment.
Previous Dividends and Dividend Yield
ICICI Securities has a history of declaring dividends, with a total of 12 dividends announced since August 21, 2018. In the last 12 months, the company declared an equity dividend of 19 per share. With the current stock price at 630.70, the dividend yield stands at 3.01%.
Financial Performance in Q2
During the second quarter, ICICI Securities reported a 1% decline in consolidated net profit, amounting to 270.9 crore. This figure represents a comparison to the net profit of 273.6 crore in the same period of the previous quarter.
Operating Revenue and Total Expenses
ICICI Securities witnessed an 18% year-on-year increase in overall operating revenue, reaching 934.3 crore in Q2. However, the company also experienced a significant rise in total expenses, which grew by 33% to 570 crore in the same period.
Customer Growth and Revenue Breakdown
During the quarter, ICICI Securities saw a notable increase in its customer base, with 2.1 lakh new customers, bringing the total to almost 93 lakh. The company reported that Retail Equities and Allied revenue totaled 515 crore, marking an 8% year-on-year increase, while distribution income reached 159 crore, reflecting a 4% year-on-year growth.
Stock Price and Market Performance
On Friday, the BSE share price of ICICI Securities closed 2.20% lower at 630.80 per share. The company’s stock performance in the market has been closely watched by investors and analysts alike.
Stay updated with the latest news about ICICI Securities Q2. The board of directors will decide on an interim dividend and unaudited financial statements for the quarter and half year that ended on September 30, 2023. ICICI Securities has declared 12 dividends since August 21, 2018, with a current dividend yield of 3.01%. In the last quarter, the company reported a 1% decline in net profit but saw an 18% increase in overall operating revenue. Keep reading for more details on ICICI Securities Q2 and stay tuned for the latest news!
Frequently Asked Questions
What is ICICI Securities Q2?
ICICI Securities Q2 refers to the unaudited financial statements and performance of ICICI Securities Ltd. for the quarter and half year that ended on September 30, 2023.
When will the board of directors of ICICI Securities decide on the interim dividend?
The board of directors of ICICI Securities will decide on the interim dividend on Monday, October 16, 2023.
What is the record date for the interim dividend, if declared?
If the interim dividend is declared, the record date set by ICICI Securities is Friday, October 27, 2023.
What were the financial results of ICICI Securities for the previous quarter?
For the three months ending in June 2023, ICICI Securities reported a 1% decline in consolidated net profit at 270.9 crore. The company’s overall operating revenue increased 18% YoY to 934.3 crore.
What were the key highlights of ICICI Securities’ performance in the previous quarter?
In the previous quarter, ICICI Securities saw an increase in the number of customers by 2.1 lakh, bringing the total to almost 93 lakh. Retail Equities and Allied revenue totaled 515 crore, up 8% YoY, and distribution income was 159 crore, up 4% YoY.
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