Revenue from operations during the quarter stood at Rs 885 crore, also down marginally as against Rs 892 crore in the year-ago period.
The income from interest for the quarter came in at Rs 287 crore, up 35% year-on-year, while brokerage income stood at Rs 310 crore.
The board of ICICI Securities has recommended a final dividend of Rs 9.25 per equity share of face value Rs 5 each to shareholders of the company, which will be subject to their approval at the ensuing AGM.
The final dividend will be paid to the shareholders within 30 days from the approval at the AGM. On Wednesday, ICICI Securities stock closed 0.45% lower at Rs 463 apiece on NSE.
Tata Communications’ consolidated net profit fell 11% to Rs 326 crore for the quarter ended March. The same stood at Rs 365 crore in the year-ago period.
Revenue from operations came in at Rs 4,568 crore, up 7.1% during the quarter under review. This compares with Rs 4,263 crore clocked in the same quarter last year.
The board has also recommended a dividend of Rs 21 per share.
“Our business results are proof that the Fit to Grow strategy is now in motion from concept to action and its success is evident in the full year double-digit data revenue growth. We are now building the company for a new growth trajectory enabled by our strong cash flow generation,” said Kabir Ahmed Shakir, CFO, Tata Communication.
For the full year, consolidated revenue stood at Rs 17,838 crore, while profits grew 21% to Rs 1,796 crore.
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