ICICI Securities Q4 PAT up 28 pc to Rs 156 cr

ICICI Securities on Thursday reported a 28 per cent jump in profit after tax at Rs 156 crore for the March quarter on account of growth in revenue and changes in statutory tax rates.

In comparison, the company had posted a profit after tax (PAT) of Rs 122 crore in the corresponding period of 2018-19, ICICI Securities (I-Sec) said in a statement.

The financial services firm's revenue rose 13 per cent to Rs 482 crore in the quarter under review from Rs 428 crore in the year ago period, supported by growth in retail equities and allied business.

I-Sec attributed the increase in quarterly PAT to growth in revenue and changes in the statutory tax rates.

The company also announced a final dividend of 6.75 per share (of Rs 5 face value), taking the full year dividend to Rs 11 per share.

"We had an eventful quarter which tested the resiliency of our business model. During these testing times, we ensured safety of our employees and continuity for our customers.

"Our predominantly digital ...