ICICI Securities Reports Impressive Q2 FY25 Results, Receives 'Buy' Call from MarketsMOJO.

ICICI Securities, a leading finance and NBFC company, has recently announced its financial results for the quarter ending September 2024. The company has received a ‘Buy’ call from MarketsMOJO, indicating a positive outlook for its stock.

In the last three months, ICICI Securities has shown a significant improvement in its financial performance, with its score rising from 26 to 20. This is a testament to the company’s strong performance and growth potential.

One of the key highlights of the quarter was the company’s net sales, which reached an all-time high of Rs 1,706.65 crore. This is a remarkable achievement, as the company has shown consistent growth in its net sales over the last five quarters. The near-term sales trend for ICICI Securities is also very positive.

Moreover, the company’s net sales have grown by 36.64% year on year, indicating a strong and steady growth trajectory. This is a positive sign for investors, as it shows the company’s ability to generate revenue and sustain its growth.

Another important aspect of ICICI Securities’ financial performance is its Profit Before Tax (PBT) less Other Income, which has grown by 24.82% year on year. This is a clear indication of the company’s efficient management and strong financial position. The near-term trend for PBT is also positive, further reinforcing the company’s growth potential.

In terms of Profit After Tax (PAT), ICICI Securities has shown a growth of 24.9% year on year, reaching Rs 529.04 crore. This is a significant achievement and reflects the company’s ability to generate profits and create value for its shareholders.

Overall, ICICI Securities has delivered a strong and positive financial performance in the quarter ending September 2024. With a ‘Buy’ call from MarketsMOJO and a promising outlook, the company is well-positioned for future growth and success in the finance and NBFC industry.