ICICI Securities to declare its Q3 earnings today

NEW DELHI:

ICICI Securities

is scheduled to announce its third-quarter earnings report today i.e. Monday, January 20.

ICICI

Securities is involved in the business of investment banking, financial products distribution, and institutional and retail broking.

In the third quarter, it would be interesting to see how ICICI Securities (I-Sec) performs as it is committed to pursuing cost efficiency by undertaking various initiatives like centralizing certain verticals to optimize infra and manpower cost, process re-engineering, harnessing group synergies, and migrating to digital/low touch coverage model.

A part of the ICICI group, the company reported a one per cent rise in profit after tax (PAT) at Rs 135.12 crore for the September quarter (Q2).

While declaring the Q2 results, MD and CEO Vijay Chandok said, “As a virtual financial supermarket, our continuing endeavor is to meet all the three need sets of our customers - wealth management and investments, protection of life and assets, and their borrowing needs."

In the last three months, the company's share price has gone up in both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). Here are the graphs for reference:

NSE Performance:

BSE Performance: