ICICI Bank gains on reporting 58% rise in Q4 consolidated net profit
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ICICI Bank is currently trading at Rs. 759.00, up by 11.65 points or 1.56% from its previous closing of Rs. 747.35 on the BSE.
The scrip opened at Rs. 748.00 and has touched a high and low of Rs. 762.20 and Rs. 745.00 respectively. So far 438137 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 859.70 on 25-Oct-2021 and a 52 week low of Rs. 567.15 on 23-Apr-2021.
Last one week high and low of the scrip stood at Rs. 777.95 and Rs. 745.00 respectively. The current market cap of the company is Rs. 523524.14 crore.
The Institutions holding in the company stood at 88.77%, while Non-Institutions held 11.23%.
ICICI Bank has reported a rise of 59.42% in its net profit at Rs 7,018.71 crore for fourth quarter and year ended March 31, 2022 as compared to Rs 4,402.61 crore for the same quarter in the previous year. Total income of the bank increased by 14.44% at Rs 27,412.32 crore for Q4FY22 as compared Rs 23,953.02 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 57.98% in its net profit at Rs 7,718.94 crore for fourth quarter and year ended March 31, 2022 as compared to Rs 4,886.16 crore for the same quarter in the previous year. However, total income of the bank decreased by 1.68% at Rs 42,834.06 crore for Q4FY22 as compared Rs 43,567.64 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported a rise of 44.14% in its net profit at Rs 23,339.49 crore as compared to Rs 16,192.68 crore for the previous year. Total income of the bank increased by 6.94% at Rs 104,892.08 crore for year under review as compared to Rs 98,086.80 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the bank has reported a rise of 36.58% in its net profit at Rs 25,110.10 crore as compared to Rs 18,384.32 crore for the previous year. However, total income of the bank decreased by 2.27% at Rs 157,536.32 crore for year under review as compared to Rs 161,192.19 crore for year ended March 31, 2021.
