ICICI Securities, subsidiary of ICICI Bank, on Friday posted 8 per cent growth in profit after tax (PAT) at Rs 268 crore during the first half of this financial year compared to the same period last year.

The company’s PAT stood at Rs 248 crore in H1FY18, a release issued here said.

Revenue of the company grew by 4 per cent to Rs 894 crore during the first half of FY19, compared to Rs 857 crore in H1FY18.

“We have sustained revenue and profit growth for the half year in an otherwise muted market. In the broking business, we continue to sustain our market share and have maintained our leadership position. We are focused on revenue diversification through cross-sell and are garnering scale in several of our newer initiatives like financial advisory businesses,” company managing director and CEO Shilpa Kumar said.

The company will invest in technology and innovation to take advantage of the macroeconomic trends of increasing financialisation and equitisation in household savings, she added.

Broking revenue of the company for H1FY19 improved by 5 per cent to Rs 568 crore against Rs 543 in H1FY18.

Distribution revenue in H1FY19 stood at Rs 244 crore, improvement of 18 per cent from the year ago.

Distribution business contributed 27 per cent to the company’s overall revenue in H1FY19, up from 24 per cent in H1FY18.

The Mutual Fund distribution remained a strong contributor to this segment, accounting for 62 per cent of distribution revenue in H1Y19, against 59 per cent in H1FY18.