ICICI Securities Q3 results: Net profit up 67% at Rs 465 crore, revenue jumps 50%

ICICI Securities' net profit stood at Rs 279 crore in the year-ago period (Representative image)

ICICI Securities reported a standalone net profit of Rs 465 crore in the quarter ending December 2023, marking a jump of 67 percent as compared to the year-ago period, as per the quarterly results declared on January 16.

The company's standalone revenue from operations stood at Rs 1,322 crore during the quarter under review, which is 50 percent higher as against the corresponding period of the previous fiscal.

The company is in process of delisting. ICICI Securities said during the quarter, the company has received no objection letters from National Stock Exchange of India (NSE) and letter from BSE Limited (BSE) on November 28, 2023.

This enables the company to file the scheme with National Company Law Tribunal (NCLT). The Scheme is subject to receipt of requisite approvals from the company's and holding company's shareholders' and creditors, NCLT and other regulatory and statutory authorities.

For the nine month ended December 2023, the company said its net profit margin was at 33.09 percent in line with the margin for FY23. Operation margin for the 9MFY24 stood at 44.43 percent, largely in line again.

The company said its earnings per share for the first nine months has come very close to the EPS for the entire FY23. ICICI Securities reported EPS as Rs 33.75 against 12 month EPS at 34.54.