New Delhi: Investment services firm ICICI Securities on Saturday reported a 91% rise in net profit to Rs159 crore in the fourth quarter of 2017-18, compared to Rs83 crore in the year-ago period. During the quarter, ICICI Securities reported revenue of Rs515 crore, up 35% from Rs381 crore in the year ago period. For the full financial year 2017-18, ICICI Securities’ revenue rose 32% to Rs1,859 crore as against Rs1,404 crore in FY17. Net profit increased 65% to Rs558 crore as against Rs339 crore in FY17, the company said in a statement. ISec is well positioned to take advantage of the macroeconomic trends of increasing financialisation and equitisation in household savings,” ICICI Securities MD and CEO Shilpa Kumar said.

Source: Mint April 14, 2018 11:48 UTC