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ICICI Securities announces results for 9 month period ending Dec 31, 2018

Posted On: 2019-01-16 18:17:37

ICICI Securities (ISec), a part of the ICICI Group and a leading investment services firm in India, has announced financial results for nine month period ending December 31st, 2018 (9MFY19).

For 9MFY19, the company reported revenue of Rs. 1,299 crore against Rs. 1,351 crore in the year ago period. Profit After Tax (PAT) stood at Rs. 369 crore against Rs. 402 crore in 9MFY18. During the fiscal, there were several short term headwinds like volatile market, NBFC liquidity crisis, frozen state of primary market, and significant regulatory changes, which impacted the overall business sentiment and performance.

Commenting on the performance of the company Ms. Shilpa Kumar, Managing Director and Chief Executive Officer, said, "As the fundamental India growth story continues, we believe that the structural opportunity in the financial savings market remains attractive. Our long term growth strategy is two pronged increased customer acquisition and increased engagement with them. With that in mind, we continue to invest in newer products and services across all our business lines and we are fully committed to play a leading role in India's financialisation journey."

Shares of ICICI Securities Ltd was last trading in BSE at Rs.250.55 as compared to the previous close of Rs. 261.6. The total number of shares traded during the day was 33957 in over 1115 trades.

The stock hit an intraday high of Rs. 260 and intraday low of 250. The net turnover during the day was Rs. 8623271.


Source: Equity Bulls

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