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ICICI Securities Q4 net profit up 91%
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SME Times News Bureau | 16 Apr, 2018
Investment services firm ICICI Securities (ISec) on Saturday reported an
exponential rise of 91 per cent in its fourth quarter net profit.
According
to the company, its net profit under the quarter under review increased
to Rs 159 crore from Rs 83 crore reported in the same period last year.
This is the first time the company has declared its results since making a stock market debut earlier this month.
"For
the full year, ISec's revenues went up 32 per cent to Rs 1,859 crore
against Rs 1,404 crore in FY17," the company said in a statement.
"Net
profit rose 65 per cent to Rs 558 crore versus Rs 339 crore in FY17.
Return on net worth (RoNW) for the year, a key indicator of capital
efficiency, improved by eight percentage points to 85 per cent, against
FY17."
The company's Board recommended a final dividend of Rs
3.90 per equity share of face value of Rs 5, taking the total dividend
for the year to Rs 9.40 per share, against Rs 6.36 per share in FY17.
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