ICICI Securities Reports Record Q3 Operating Profit Amid Rising Debt Concerns
ICICI Securities announced its third-quarter financial results for FY24-25, achieving a record operating profit of Rs 1,169.19 crore and a net sales figure of Rs 3,292.62 crore for the half-year. Despite a rising debt-equity ratio, the company reported significant year-on-year increases in profit after tax and operating profit margin.
ICICI Securities has recently reported its financial results for the third quarter of FY24-25, with results announced on January 20, 2025. The company achieved a record operating profit (PBDIT) of Rs 1,169.19 crore, demonstrating consistent growth over the last five quarters. Additionally, net sales for the half-year reached Rs 3,292.62 crore, indicating a year-on-year growth of 28.03%. Profit after tax (PAT) for the nine-month period was reported at Rs 1,560.41 crore, reflecting a significant year-on-year increase of 34.50%. The operating profit margin also saw an enhancement, reaching 73.72%, which suggests improved operational efficiency.On the other hand, ICICI Securities is navigating some challenges. The company's debt-equity ratio has escalated to 4.99 times, marking the highest level in the last five half-year periods. This increase in borrowing to support operations raises concerns regarding the company's liquidity position. Despite these challenges, the near-term trends for operating profit, sales, and PAT remain positive, presenting a mixed financial landscape for ICICI Securities.
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