InvestorQ : InvestorQ-Ask,Answer & Share All About Finance!
Rutuja Nigam made post

What was the reason for the sharply improved performance of ICICI Securities?

user profile image
Arti Chavan answered.
2 weeks ago

ICICI Securities appears to have bucked the trend of brokerages not doing too well. For the Jun-20 quarter, it reported 41% growth in net revenues to Rs.546 crore. Similarly, ICICI Securities also reported a sharp 72% growth in the net profits at Rs.194 crore for the June quarter. Even operationally, its EBITDA was 42% higher at Rs.296 crore. The stock has given more than 100% returns in the last one year.