ICICI Securities Contemplating Interim Dividend Declaration


ICICI Securities Q2: An Overview of Recent Developments

In this article, we will delve into the recent happenings surrounding ICICI Securities Q2. It’s no surprise that this topic is drawing significant attention on the internet, and people are eager to gather more insights. So, if you’re curious about ICICI Securities Q2 and its recent news, stay with us as we unravel the details.

ICICI Securities To Consider Declaring Interim Dividend

The latest buzz in the financial world revolves around ICICI Securities Ltd. On Monday, October 16, the company’s board of directors will convene to discuss whether to declare an interim dividend and present unaudited financial statements for the quarter and half-year ending on September 30, 2023. If the dividend does get the green light, ICICI Securities has set Friday, October 27, as the record date.

The official statement from ICICI Securities reads, “We would like to inform you that at its meeting scheduled for Monday, October 16, 2023, in Mumbai, the board of directors of the company will, among other things, consider approval of the unaudited financial results of the Company for the quarter and half year ended September 30, 2023, and the declaration of interim dividend, if any.”

ICICI Securities Dividend History

ICICI Securities has a history of rewarding its shareholders. Since August 21, 2018, the company has declared 12 dividends. In the last 12 months, an equity dividend of 19 per share was declared. At the current stock price of 630.70, the dividend yield stands at 3.01%. However, it’s crucial to note that dividends can provide a source of income to investors, making them an attractive prospect for many.

Financial Performance of ICICI Securities

Now, let’s turn our attention to ICICI Securities’ financial performance. In the most recent quarter, they reported a 1% decline in consolidated net profit, which amounted to 270.9 crore. This is a slight dip compared to the prior quarter, where the company recorded a net profit of 273.6 crore.

On a brighter note, the company’s overall operating revenue showed an 18% year-over-year increase, rising to 934.3 crore from 793.5 crore in Q1FY24. However, the increase in total expenses, up by 33% to 570 crore in Q1FY24, impacted earnings.

Customer Growth at ICICI Securities

ICICI Securities has been expanding its customer base, with 2.1 lakh new customers added during the quarter, bringing the total to nearly 93 lakh. Notably, the broking firm reported that Retail Equities and Allied revenue amounted to 515 crore, reflecting an 8% year-over-year increase, while distribution income was 159 crore, up by 4% year-over-year.

Stock Market Performance

Closing on a stock market note, the BSE share price of ICICI Securities decreased by 2.20% and settled at 630.80 per share. Stay tuned with us to stay informed about the latest financial news from around the world.


In conclusion, the Q2 developments at ICICI Securities have sparked considerable interest. The board’s decision regarding the interim dividend and the financial performance figures are significant indicators of the company’s current standing. The growth in the customer base and its financial results will undoubtedly be closely monitored in the coming weeks.


Why is ICICI Securities Q2 in the spotlight?

ICICI Securities Q2 is gaining attention due to the upcoming decision on declaring an interim dividend and the company’s financial performance.

What is the significance of the record date for the dividend?

The record date determines which shareholders are eligible to receive the dividend if it is declared.

How does ICICI Securities’ dividend history compare to other companies?

ICICI Securities has a history of declaring dividends, making it an appealing investment for those seeking regular income.

What factors contributed to the decline in net profit in the last quarter?

The decline in net profit is attributed to various factors, which will be assessed during the board’s meeting.

How can I stay updated on ICICI Securities and global financial news?

You can stay informed by following reliable financial news sources and visiting the official website of ICICI Securities.

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