ICICI Bank shines on reporting 18% rise in Q4 consolidated net profit
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ICICI Bank is currently trading at Rs. 1130.80, up by 23.65 points or 2.14% from its previous closing of Rs. 1107.15 on the BSE.
The scrip opened at Rs. 1109.35 and has touched a high and low of Rs. 1132.95 and Rs. 1109.00 respectively. So far 130325 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,131.70 on 29-Apr-2024 and a 52 week low of Rs. 898.85 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1131.70 and Rs. 1071.15 respectively. The current market cap of the company is Rs. 793450.62 crore.
The Institutions and Non-Institutions held 90.16% and 9.84% stake respectively in the company.
ICICI Bank has reported 17.38% rise in its net profit at Rs 10707.53 crore for the quarter ended March 31, 2024 as compared to Rs 9121.87 crore for the same quarter in the previous year. Total income of the bank increased by 20.74% at Rs 43,597.14 crore for Q4FY24 as compared Rs 36,108.88 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 18.46% rise in its net profit at Rs 11,671.52 crore for fourth quarter ended March 31, 2024 as compared to Rs 9,852.70 crore for the same quarter in the previous year. Total income of the bank increased by 24.59% at Rs 67,181.70 crore for Q4FY24 as compared Rs 53,922.75 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the bank has reported 28.19% rise in its net profit at Rs 40888.27 crore as compared to Rs 31,896.50 crore for the previous year. Total income of the bank increased by 28.50% at Rs 1,65,848.71 crore for year under review as compared to Rs 1,29,062.79 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the bank has reported 30.03% rise in its net profit at Rs 44,256.37 crore as compared to Rs 34,036.64 crore for the previous year. Total income of the bank increased by 26.78% at Rs 2,36,037.72 crore for year under review as compared to Rs 1,86,178.80 crore for year ended March 31, 2023.
