HDFC Securities has announced its quarterly results for quarter ended December 31, 2022 and nine months ended December 31, 2022.

The net profit of the Company has dropped 22% for the quarter ended December 31, 2022 and nine months ended. As per the financial results, for the quarter ended December 31, 2022, the revenue from operations of the Company has increased 8% to Rs. 500 crore as against Rs. 463 crore in the previous quarter.

For nine months ended December 31, 2022, the revenue from operations of the Company has increased 5% to Rs. 1392 crore as against Rs.1469 crore for the same period previous year. For the quarter ended December 31, the total expenses of the Company have increased 13% to Rs. 237 crore as against Rs. 210 crore in the previous quarter.

For nine months ended December 31, the total expenses of the Company have increased 32% to Rs. 627 crore as against Rs. 476 crore for the same period previous financial year. During the third quarter FY23, the profit before tax of the Company has increased 4% to Rs. 267 crore as against Rs. 257 crore in the previous quarter.

For nine months ended December 31, the profit before tax of the Company dropped 22% to Rs. 778 crore as against Rs. 77,831 1004 crore for the same period in the previous financial year. For the third quarter of FY23, the net profit of the Company has increased 8% to Rs. 203 crore as against Rs. 190 crore in the previous quarter.

For nine months ended December 31, 2022, the net profit of the Company has also dropped 22% to Rs. 583 crore as against Rs. 748 crore during the same period previous financial year. There was not any significant change in the assets and liabilities of the Company.They almost remained the same.

For nine months ended December 31, 2022, the net cash used in operating activities of the Company was 62 crore as against Rs. 1263 crore during the same period previous financial year. The net cash used in investing activities of the Company was Rs. 673 crore as against Rs. 14 crore during the same period previous financial year. The net cash used in financial activities of the Company was Rs. 389 crore as against Rs. 2182 crore cash generated during the same period previous financial 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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