ICICI Securities Q2 results: ICICI Securities Ltd board of directors will consider declaring interim dividend along with unaudited financial statements for the quarter and half year that concluded on September 30, 2023, today (Monday, October 16).

ICICI Securities has fixed Friday, October 27 as the record date for the said dividend payment, if declared today. “We wish to inform you that the board of directors of the company will, inter alia, consider approval of the unaudited financial results of the Company for the quarter and half year ended September 30, 2023 and declaration of interim dividend, if any, at its meeting to be held on Monday, October 16, 2023 in Mumbai. For the purpose of the payment of interim dividend, if declared, at the board meeting scheduled to be held on Monday, October 16, 2023,” the company said in an exchange filing. Since August 21, 2018, ICICI Securities has announced 12 dividends, according to trendlyne. ICICI Securities announced an equity dividend of 19 per share for the previous 12 months. The dividend yield at the current share price of 630.70 is 3.01%. ICICI Securities reported 1% fall in consolidated net profit at 270.9 crore for the quarter ended June 2023. The company posted a net profit of 273.6 crore in the same period last quarter last year. In Q1FY24, the company’s overall revenue from operations rose 18% YoY to 934.3 crore from 793.5 crore. As a result of a 33% increase in total expenses to 570 crore in Q1FY24, their profit decreased. During the quarter, ICICI Securities added 2.1 lakh clients, taking its overall customer base to around 93 lakh. Retail Equities and Allied revenue came in at 515 crore, up 8% YoY, while distribution income was 159 crore, up 4% YoY, the broking firm said in a release. On Friday, ICICI Securities share price ended 2.20% down at 630.80 apiece on BSE.