ICICI Securities shares snapped a three-day losing run on April 19 to trade higher on strong growth in revenue and net profit for the March quarter.
Net profit doubled to Rs 536.5 crore. Revenue was up 74 percent year-on-year to Rs 1,544.4 crore, driven by increased broking income in the cash segment and growth in the investment banking segment, the company said in on April 18.
Sequentially, revenues were up 17 percent and net profit by 15 percent.
The brokerage's distribution segment declined 2 percent but the remaining three business segments — equity, derivative, and allied business — more than made up for it.
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The equity business grew 140 percent year-on-year, and gained market share as well. Derivative revenue increased by 25 percent, driven by improvements in order parameters, client base and lots. Retail equities and allied revenue also saw growth due to increased cash volumes and expansion in the equity allied business, ICICI Securities said.
It also announced the reappointment of Vijay Chandok as the managing director and CEO , effective May 7, till he superannuates on February 28, 2026.
At 11.50 am, ICICI Securities was trading 0.4 percent higher at Rs 706.55. The stock has gained 12 percent over the past six months.
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