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Published on 22/10/2019 5:05:28 PM | Source: Dion Global Solutions Ltd

ICICI Securities Q2 net profit up 0.98% at Rs 133.90 cr

The company reported standalone net profit of Rs 133.90 crore for the quarter ended September 30, 2019 as compared to Rs 132.60 crore in the same period last year, registering a year-on-year growth of 0.98 per cent. Net revenue of the company declined moderately by 8.93 per cent at Rs 416.91 crore in July-September quarter of this fiscal as against Rs 457.81 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 14.74 per cent to Rs 202.40 crore from Rs 237.40 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.81 crore versus (Sep'18 Rs 0.00 crore). Operating Profit slipped by 2.68 per cent to Rs 214.51 crore as against Rs 220.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.88 per cent in September quarter. Interest grew by 65.98 per cent y-o-y to Rs 17.76 crore, while Taxation decreased by 33.32 per cent at Rs 48.99 crore (Sep'18 Rs 73.47 crore).