ICICI Bank Q1FY21 results; standalone net profit rises ~36% yoy


Quarterly Results

ICICI Bank Ltd. announced its quarterly results on July 25, 2020. Total income in Q1FY21 stood at Rs26,066.95cr that grew by 21.8% yoy from Rs21,405.5cr in Q1FY20.

Net interest income (NII) stood at Rs9,279.75cr, which increased by 19.9% yoy , as against Rs7,737.43cr it reported in Q1FY20. Operating profit for Q1FY21 stood at Rs10,776.45cr registering a growth of 71.4% yoy,  as against Rs6,288.46cr in Q1FY20.

Provisions and Contingencies increased by 117.2% yoy to Rs7593.95cr in Q1FY21, as against Rs3,495.73cr in Q1FY20.

Profit after tax (PAT) stood at Rs2,599.15cr for Q1FY21, which grew by 36.2% yoy, as compared to Rs1,908cr it had reported in Q1FY20.

Gross NPA reported in Q1FY21 stood at Rs40,386.24cr witnessing a decline of 2.5% qoq. Net NPA reported in Q1FY21 came in at Rs8,674.65cr witnessing a decline of 14.2% qoq. Gross NPA(%) stood at 5.5% in Q1FY21, which declined by 7bps qoq, as against 5.53% in Q4FY20.Net NPA (%) stood at 1.2% in Q1FY21 that declined by 18bps qoq, as against 1.41% in Q4FY20.

Capital adequacy ratio (%) stood at 16% in Q1FY21.

On Friday, the stock closed at Rs381.85 with a decline of 2.66% on BSE.











Particulars

Q1FY21 (Rs in cr)

Q1FY20 (Rs in cr)

%Change

Net interest income

9,279.75

7,737.43

19.9

Operating profit

10,776.45

6,288.46

71.4

Provisions and contingencies

7,593.95

3,495.73

117.2

Net Profit

2599.15

1,908.03

36.2

Particulars

Q1FY21

Q4FY20

Change

Gross NPA(%)

5.46

5.53

-0.07bps

Net NPA (%)

1.23

1.41

-0.18bps

Related Story



Related Tags:





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

West Bengal: Uptick in recovery rate even as cases rise, toll nears 1,300

Sat Jul 25 , 2020
By: Express News Service | Kolkata | Updated: July 25, 2020 8:04:08 am At a testing centre in south Kolkata on Thursday. (Express photo by Partha Paul) The recovery rate in West Bengal continued to improve on Friday even as the state added 2,216 infections to its caseload that went […]

Breaking News

Recent Posts