International Development News
Development News Edition

ICICI Securities Q3 profit slips 34% to Rs 101.1 crore


ICICI Securities Q3 profit slips 34% to Rs 101.1 crore

ICICI Securities, investment services arm of ICICI Group, Monday reported a 34.3 per cent decline in consolidated profit to Rs 101.1 crore for the third quarter ended December 31.

In comparison, the company's profit stood at Rs 153.9 crore in the October-December quarter of 2017-18, ICICI Securities said in a regulatory filing to the stock exchanges.

The company's total income also declined to Rs 404.7 crore, compared with Rs 493.8 crore in the third quarter of the previous fiscal.

During the current financial year, there have been several short-term headwinds such as volatile market, NBFC liquidity crisis, frozen state of primary market, and significant regulatory changes, which impacted the overall business sentiment and performance, it said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

No lessons learnt, Delhi again facing haze and hazardous Air pollution

While the parliamentarians in the Rajya Sabha Upper House were engaged in allegations and counter allegations on Thursday, the pollution was rising outside which soon took the form of a haze....

How to turn the aging population productive, ADB shows the path

Mature and older workers are not necessarily unproductive, and they may perform continuously well in certain types of work, but their productivity in others may naturally decline. In addition, the scarcity of young-to-middle-aged workers co...

How music can help expectant mothers during pregnancy

Music provides pleasant ambience for all but its more important for expectant mothers as besides ensuring pleasant environment for them it also directly and indirectly influences the unborn babies. There are various scientific findings to c...

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Videos

Latest News

China protests against US warships sailing in South China Sea

China on Friday vigorously protested the passage of American naval vessels through the South China Sea, claiming that the United States actions have damaged Chinas sovereignty and security considerably. The combat vessel USS Gabrielle Giffo...

Tax dept launches web portal for exchange of information

The tax department has launched a portal that will provide information, including about procedures, related to automatic exchange of information under common reporting standard. Central Board of Direct Taxes CBDT Chairman P C Mody inaugurat...

Maha cop flees with bribe before ACB could trap him

A probationary sub-inspectorattached to Pachapaoli police station in Nagpur fled with abribe of Rs 50,000 from an ACB trap on Friday, an officialsaidPSI Shankar Bonde had demanded Rs 2 lakh from a manwhose deal to buy a shop got delayed and...

Somali Canadian peace activist was killed by stray bullet

Preliminary investigations show that a young Somali Canadian peace activist was killed by a stray bullet this week in Mogadishu, the peacekeeping mission in Somalia said Friday, while some family members at her funeral shouted, We want just...

Give Feedback