ICICI Bank jumps on reporting 28% rise in Q4 consolidated net profit
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ICICI Bank is currently trading at Rs. 897.50, up by 13.30 points or 1.50% from its previous closing of Rs. 884.20 on the BSE.
The scrip opened at Rs. 905.00 and has touched a high and low of Rs. 906.75 and Rs. 895.00 respectively. So far 248011 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 670.35 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 916.00 and Rs. 881.65 respectively. The current market cap of the company is Rs. 626758.57 crore.
The Institutions and Non-Institutions held 89.51% and 10.49% stake in the company respectively.
ICICI Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.
ICICI Bank has reported rise of 29.97% in its net profit at Rs 9,121.87 crore for the quarter under review as compared to Rs 7,018.71 crore for the same quarter in the previous year. Total income of the bank increased by 31.73% at Rs 36,108.88 crore for Q4FY23 as compared to Rs 27,412.32 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported rise of 27.64% in its net profit at Rs 9,852.70 crore for fourth quarter ended March 31, 2023 as compared to Rs 7,718.94 crore for the same quarter in the previous year. Total income of the bank increased by 25.89% at Rs 53,922.75 crore for Q4FY23 as compared to Rs 42,834.06 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported rise of 36.66% in its net profit at Rs 31,896.50 crore as compared to Rs 23,339.49 crore for the previous year. Total income of the bank increased by 23.04% at Rs 129,062.79 crore for year under review as compared to Rs 104,892.08 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the bank has reported 35.55% rise in its net profit at Rs 34,036.64 crore as compared to Rs 25,110.10 crore for the previous year. Total income of the bank increased by 18.18% at Rs 186,178.80 crore for year under review as compared to Rs 157,536.32 crore for year ended March 31, 2022.
