New Delhi: SBI Securities on Monday reported a 32.2 per cent growth in net profit at Rs 308.04 crore for the quarter ended March 31, 2023, as against net profit of Rs 233.01 crore reported in the corresponding period last financial year.
The total revenue for the quarter stood Rs 1203.14 crore as against Rs 830.86 crore reported during the same period last financial year, a statement for the company said.
Commenting on the results, Deepak Kumar Lalla, MD & CEO of SBI Securities, said, “We have continued to focus on delivering value to our clients through a range of investment solutions. We have also leveraged technology to enhance our trading and investment platform to improve customer experience and operational efficiencies.”
“Along with the markets expected to return to better conditions, SBI Securities is adding more investment avenues to increase its bouquet of products while focusing on client activation, leading to a projected 25% increase in profitability in the coming year,” he said.
