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ICICI Bank stock jumps nearly 2 pc after earnings

ICICI Bank stock jumps nearly 2 pc after earnings


Shares of ICICI Bank on Monday gained nearly 2 per cent after the company reported a 59 per cent jump in standalone net profit for the fourth quarter of 2021-22.


The stock jumped 1.89 per cent to Rs 761.50 on the BSE.

icici bank share price: icici bank shares jump nearly 2% on robust earnings report

At the NSE, it went up by 1.83 per cent to Rs 761.35.

The private sector lender on Saturday reported a 59 per cent jump in standalone net profit to Rs 7,019 crore for the fourth quarter of 2021-22.

The bank had earned a profit of Rs 4,403 crore in the corresponding January-March period of the last year.

Total income of the bank rose to Rs 27,412 crore in January-March from Rs 23,953 crore in the year-ago quarter, ICICI Bank said in a regulatory filing.

Net interest income (NII) increased 21 per cent to Rs 12,605 crore from Rs 10,431 crore in the same quarter a year ago, it said.

icici bank stock jumps nearly 2 pc after earnings | business

On a consolidated basis, ICICI Bank Group’s net profit jumped 58 per cent to Rs 7,719 crore in March quarter from Rs 4,886 crore in the year-ago period.

icici bank shares jump nearly 2 pc post earnings announcement

The bank’s asset quality improved as gross non-performing assets fell to 3.60 per cent of gross advances as of March 31, 2022, from 4.96 per cent in the corresponding period a year ago.

Net NPAs also declined to 0.76 per cent from 1.14 per cent at the end of the fourth quarter of the previous financial year

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