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ICICI Securities consolidated PAT declines 15% to Rs 114 crore in Q1

The company's total income for the quarter declined 7.7 per cent to Rs 402 crore as compared with Rs 436 crore in the April-June quarter of 2018

Press Trust of India  |  New Delhi 

ICICI Securities
Photo: Kamlesh Pednekar

ICICI Securities, a subsidiary of ICICI Group, Monday reported a 15 per cent decline in the consolidated profit after tax (PAT) to Rs 114 crore for the first quarter ended June 30.

In the year-ago period, consolidated PAT stood at Rs 134 crore, said in a statement.

The company's total income for the quarter declined 7.7 per cent to Rs 402 crore as compared with Rs 436 crore in the April-June quarter of 2018.

"Broking business contributed 55 per cent towards the company's overall topline. While retail brokerage revenue declined by 6 per cent year-on-year, institutional business grew by 12 per cent," the firm added.

Average assets under management (AUM) of the mutual funds distributed by the company increased 7 per cent to Rs 36,800 crore in the first quarter of 2019-20, the firm said.

Shares of on the BSE closed at Rs 224.90 apiece, a rise of 0.49 per cent over the previous close.

First Published: Mon, July 22 2019. 20:05 IST
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