Shares of ICICI Securities slipped 4% in intraday trade on Tuesday after the company posted weak number for the quarter ended December 2018.
ICICI securities Ltd’s revenue declined by 18% yoy and 11.6% qoq to Rs405cr. EBITDA came in at Rs170cr, down 32.2% yoy and 23.3% qoq.
EBITDA margin contracted by 879bps yoy and 639bps qoq to 42.11%. Company’s adjusted net profit stood at Rs101cr, down 34.3% yoy and 24.6% qoq. Net profit came below estimate of Rs116cr.
ICICI Securities Limited provides institutional and retail broking, merchant banking, and advisory services to corporates, financial institutions, high net-worth individuals, and retail investors in India. It operates through three segments: Investment & Trading, Broking & Commission, and Advisory Services.
ICICI Securities Ltd is currently trading at Rs263.70 down by Rs12.35 or 4.47% from its previous closing of Rs276.05 on the BSE.
The scrip opened at Rs261.05 and has touched a high and low of Rs270.15 and Rs258.70 respectively. So far 8,53,377 (NSE+BSE) shares were traded on the counter.
ICICI securities Ltd’s revenue declined by 18% yoy and 11.6% qoq to Rs405cr. EBITDA came in at Rs170cr, down 32.2% yoy and 23.3% qoq.
EBITDA margin contracted by 879bps yoy and 639bps qoq to 42.11%. Company’s adjusted net profit stood at Rs101cr, down 34.3% yoy and 24.6% qoq. Net profit came below estimate of Rs116cr.
ICICI Securities Limited provides institutional and retail broking, merchant banking, and advisory services to corporates, financial institutions, high net-worth individuals, and retail investors in India. It operates through three segments: Investment & Trading, Broking & Commission, and Advisory Services.
ICICI Securities Ltd is currently trading at Rs263.70 down by Rs12.35 or 4.47% from its previous closing of Rs276.05 on the BSE.
The scrip opened at Rs261.05 and has touched a high and low of Rs270.15 and Rs258.70 respectively. So far 8,53,377 (NSE+BSE) shares were traded on the counter.
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