HDFC Securities has announced unaudited Financial Results for the half year ended 30st September, 2022. As per the report, the first half of the Company for the financial year 2022-23 wasn't good as compared to the same period previous year. During this, the net profit of the Company has dropped 22%.

The revenue from operations has dropped 5% to Rs. 891 crore for the half year ended 30st September, 2022 as against Rs. 937 crore for the same period previous year. While the total revenue from operations increased 8% to Rs. 463 crore in the second quarter of financial year 2022-23 as against Rs. 428 crore in the previous quarter same year.

For the first half of financial year 2022-23, the total expenses of the Company has increased 35% to Rs. 389 crore as against Rs. 288 crore in the same period previous year.

The expenses, for the second quarter of the financial year 2022-23, have increased 17% to Rs. 210 crore as against Rs. 179 crore in the previous quarter same year. For the first half of financial year 2022-23, The PBT of the Company decreased 22% to Rs. 510 as against Rs. 657 crore in the same period previous year.

The PBT of the Company, for the second quarter of the financial year 2022-23, reported marginal growth of 2%. For the first half of the financial year 2022-23, the net profit dropped 22% to Rs. 380 crore as against Rs. 490 crore for the same period previous year. For the second quarter of the financial year 2022-23, the PBT of the Company increased by 0.5% to Rs. 190 crore as against Rs. 189 crore in the previous quarter. For the second quarter, the net assets of the Company dropped 4% to Rs. 7620 crore as against Rs. 7922 crore in the previous quarter. For the second quarter, the total equity and liabilities of the Company has also dropped 4% to Rs. 7620 crore as against Rs. 7922 crore for the same period.



For the first half of the financial year 2022-23, the net cash generated from operating activities of the Company was Rs. 191 crore as against Rs. 1276 cash used in the same period previous year. The net cash used in investing activities of the Company was Rs. 486 crore as against Rs. 3 crore in the same period previous year.

The net cash used in financial activities of the Company was Rs. 617 crore as against Rs.1054 crore in the same period previous year. Started in 2000 as a joint venture of HDFC Bank and Indocean eSecurities Holdings Limited, HDFC securities is one of the largest full-service SEBI-registered stock brokers in India. It is a subsidiary of HDFC Bank Ltd. In addition to stock broking services, HDFC Securities provides many other financial products as well.

The Company provides the facility to trade and invest in stocks, mutual funds, buybacks, bonds, IPO, commodities, currency, futures and options. So far the Company provides its services to 1.2 million active clients.

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