ICICI Securities to release its Q2 Result Today

NEW DELHI: ICICI Securities is all set to declare its Q2 earnings today i.e. on 22nd October 2019. While the investment services company reported a net consolidated PAT (profit after tax) of Rs 114 crores for the first quarter of 2019 down to 15%, its performance in the second quarter is still to be looked upon.

The share price of ICICI Securities as of 22nd October, 15:53, is Rs 286.65 (NSE). ICICI Securities stated a 3.22% hike in its net consolidated PAT to Rs 134 crore for the same quarter in the preceding fiscal year.

With a directed focus on the digital banking initiative, ICICI Securities successfully reduced its NPA (non-performing asset) ratio to 1.77% in Q1 of 2019. With an impressive loan growth of 17.9% in both domestic and retail sectors in the latest quarter, investors and analysts are keeping a close eye on its showdown in Q2 set to be disclosed today.

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