ICICI Securities on October 16 posted a net profit of ₹424 crore in the quarter ending September 2023, marking a surge of 41 percent as compared to the year-ago period. In the second quarter of FY23, the company's profit after tax stood at ₹300.4 crore, as per the regulatory filing made by the ICICI Group company.
The total income in Q2FY24 came in ₹1,249 crore, which is 44 percent higher than ₹865.63 crore reported in the September 2022 quarter. The surge in income was driven by the cash and derivative segment marking a growth, apart from the momentum seen in the investment banking segment.Milestone Alert!
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